Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Todd Krasnow sold 2,000 shares of the firm's stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $42.20, for a total transaction of $84,400.00. Following the sale, the director now owns 10,447 shares of the company's stock, valued at approximately $440,863.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Todd Krasnow also recently made the following trade(s):
- On Friday, March 1st, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $39.39, for a total transaction of $78,780.00.
- On Monday, February 5th, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $51.50, for a total value of $103,000.00.
Symbotic Trading Up 1.7 %
Shares of SYM stock opened at $46.00 on Wednesday. Symbotic Inc. has a 52-week low of $22.40 and a 52-week high of $64.14. The business's fifty day moving average is $44.02 and its 200 day moving average is $43.53.
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Symbotic (NASDAQ:SYM - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. Symbotic had a negative return on equity of 35.06% and a negative net margin of 1.39%. The firm had revenue of $368.45 million for the quarter, compared to analysts' expectations of $370.28 million. As a group, equities research analysts predict that Symbotic Inc. will post -0.02 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages have issued reports on SYM. DA Davidson upgraded Symbotic from a "neutral" rating to a "buy" rating and set a $50.00 target price on the stock in a research note on Wednesday, February 7th. KeyCorp dropped their price objective on shares of Symbotic from $63.00 to $55.00 and set an "overweight" rating on the stock in a report on Tuesday, February 6th. William Blair reiterated a "market perform" rating on shares of Symbotic in a research note on Tuesday, February 6th. Robert W. Baird dropped their price target on shares of Symbotic from $54.00 to $52.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 6th. Finally, The Goldman Sachs Group reduced their price objective on shares of Symbotic from $51.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.85.
View Our Latest Report on SYM
Institutional Investors Weigh In On Symbotic
Several hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in shares of Symbotic by 23.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,232 shares of the company's stock valued at $53,000 after buying an additional 232 shares in the last quarter. Taylor Frigon Capital Management LLC raised its position in Symbotic by 0.5% during the third quarter. Taylor Frigon Capital Management LLC now owns 63,576 shares of the company's stock valued at $2,125,000 after purchasing an additional 336 shares in the last quarter. California State Teachers Retirement System lifted its stake in Symbotic by 3.0% during the third quarter. California State Teachers Retirement System now owns 13,641 shares of the company's stock worth $456,000 after purchasing an additional 399 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Symbotic by 66.7% in the 3rd quarter. National Bank of Canada FI now owns 1,000 shares of the company's stock worth $35,000 after purchasing an additional 400 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Symbotic by 8.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,875 shares of the company's stock valued at $250,000 after buying an additional 400 shares in the last quarter.
Symbotic Company Profile
(
Get Free Report)
Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.
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