Key Points
- Insider sale: Director William Boyd III sold 15,000 shares of Symbotic at an average price of $69 (≈$1.035M), part of a broader early‑January disposition that totaled 20,115 shares and was disclosed in an SEC filing.
- Mixed financials: Symbotic missed quarterly EPS estimates (‑$0.03 vs. $0.08) but topped revenue expectations with $618.5M and reported a 52% jump in FY2024 revenue, while the stock trades with a large market cap (~$41.7B) despite negative EPS and wide volatility (52‑week range $16.32–$87.88).
- Contrasting market signals: Institutional investors (Vanguard, UBS, ARK) have been increasing stakes and analysts’ consensus is a "Hold" with a $56.50 target, creating mixed indicators alongside recent insider selling that may weigh on sentiment.
Symbotic Inc. (NASDAQ:SYM - Get Free Report) insider William Boyd III sold 5,115 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $63.89, for a total transaction of $326,797.35. Following the completion of the transaction, the insider directly owned 19,199 shares of the company's stock, valued at approximately $1,226,624.11. The trade was a 21.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Symbotic Price Performance
Shares of NASDAQ SYM opened at $70.45 on Wednesday. Symbotic Inc. has a 1-year low of $16.32 and a 1-year high of $87.88. The business's 50 day moving average is $65.56 and its two-hundred day moving average is $57.60. The stock has a market capitalization of $41.67 billion, a P/E ratio of -469.67, a PEG ratio of 19.47 and a beta of 2.13.
Symbotic (NASDAQ:SYM - Get Free Report) last posted its quarterly earnings data on Monday, November 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). The company had revenue of $618.46 million during the quarter, compared to the consensus estimate of $604.00 million. Symbotic had a negative net margin of 0.75% and a negative return on equity of 3.89%. Symbotic's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. As a group, equities research analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently commented on SYM shares. Needham & Company LLC lifted their price target on shares of Symbotic from $57.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, November 25th. Northland Securities upped their target price on Symbotic from $56.00 to $70.00 and gave the company an "outperform" rating in a research note on Tuesday, November 25th. DA Davidson reiterated a "neutral" rating and issued a $47.00 price target on shares of Symbotic in a report on Tuesday, November 25th. Robert W. Baird raised their price target on Symbotic from $55.00 to $58.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 26th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $83.00 price objective on shares of Symbotic in a research report on Tuesday, November 25th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Symbotic has a consensus rating of "Hold" and an average price target of $56.50.
Check Out Our Latest Stock Report on SYM
Symbotic News Summary
Here are the key news stories impacting Symbotic this week:
Institutional Trading of Symbotic
Several institutional investors and hedge funds have recently modified their holdings of the stock. MAI Capital Management boosted its holdings in shares of Symbotic by 833.3% in the third quarter. MAI Capital Management now owns 560 shares of the company's stock valued at $30,000 after purchasing an additional 500 shares during the period. AdvisorNet Financial Inc bought a new stake in Symbotic during the 2nd quarter valued at $32,000. IAG Wealth Partners LLC purchased a new stake in shares of Symbotic in the 2nd quarter worth $32,000. Ameriflex Group Inc. grew its position in shares of Symbotic by 1,500.0% during the 3rd quarter. Ameriflex Group Inc. now owns 704 shares of the company's stock worth $38,000 after buying an additional 660 shares in the last quarter. Finally, Gables Capital Management Inc. bought a new position in shares of Symbotic during the 2nd quarter worth $39,000.
About Symbotic
(
Get Free Report)
Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.
Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.
Further Reading
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