Symbotic Inc. (NASDAQ:SYM - Get Free Report) insider Michael David Dunn sold 1,747 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $40.08, for a total value of $70,019.76. Following the completion of the transaction, the insider now owns 74,032 shares of the company's stock, valued at $2,967,202.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Michael David Dunn also recently made the following trade(s):
- On Tuesday, April 2nd, Michael David Dunn sold 5,444 shares of Symbotic stock. The shares were sold at an average price of $43.29, for a total value of $235,670.76.
- On Tuesday, January 30th, Michael David Dunn sold 7,051 shares of Symbotic stock. The shares were sold at an average price of $45.00, for a total value of $317,295.00.
Symbotic Trading Down 2.2 %
Shares of Symbotic stock opened at $39.55 on Friday. The business has a 50-day moving average price of $43.19 and a two-hundred day moving average price of $44.21. Symbotic Inc. has a 1-year low of $22.40 and a 1-year high of $64.14.
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Symbotic (NASDAQ:SYM - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. The firm had revenue of $368.45 million during the quarter, compared to the consensus estimate of $370.28 million. Symbotic had a negative return on equity of 35.06% and a negative net margin of 1.39%. On average, sell-side analysts forecast that Symbotic Inc. will post -0.03 earnings per share for the current year.
Institutional Trading of Symbotic
Several large investors have recently made changes to their positions in the company. Van ECK Associates Corp bought a new position in Symbotic in the 4th quarter valued at about $26,000. National Bank of Canada FI lifted its position in Symbotic by 66.7% in the 3rd quarter. National Bank of Canada FI now owns 1,000 shares of the company's stock valued at $35,000 after acquiring an additional 400 shares in the last quarter. Providence Capital Advisors LLC bought a new position in Symbotic in the 3rd quarter valued at about $33,000. Pingora Partners LLC bought a new position in Symbotic in the 4th quarter valued at about $51,000. Finally, Global Retirement Partners LLC lifted its position in Symbotic by 166.7% in the 1st quarter. Global Retirement Partners LLC now owns 1,056 shares of the company's stock valued at $48,000 after acquiring an additional 660 shares in the last quarter.
Analyst Ratings Changes
A number of brokerages have recently commented on SYM. DA Davidson upgraded Symbotic from a "neutral" rating to a "buy" rating and set a $50.00 price target for the company in a research note on Wednesday, February 7th. The Goldman Sachs Group lowered their target price on Symbotic from $51.00 to $44.00 and set a "neutral" rating for the company in a research report on Tuesday, February 6th. Robert W. Baird lowered their target price on Symbotic from $54.00 to $52.00 and set an "outperform" rating for the company in a research report on Tuesday, February 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $60.00 target price on shares of Symbotic in a research report on Tuesday, February 6th. Finally, KeyCorp lowered their target price on Symbotic from $63.00 to $55.00 and set an "overweight" rating for the company in a research report on Tuesday, February 6th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, Symbotic has an average rating of "Moderate Buy" and a consensus target price of $54.00.
Read Our Latest Analysis on Symbotic
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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