Key Points
- Todd Krasnow, a Symbotic director, sold 4,000 shares on January 5 at an average of $68.63 for $274,520; he also sold 4,000 shares on December 3 and 4,000 on November 4, totaling 12,000 shares sold worth about $865,520.
- Symbotic missed on earnings—reporting ($0.03) EPS versus a $0.08 estimate—while revenue of $618.46 million topped estimates, and the company remains unprofitable with negative net margin and ROE.
- Shares opened at $70.61, trade within a 52‑week range of $16.32–$87.88, and the company has a market cap of roughly $41.8 billion; analyst consensus is a "Hold" with an average target of $56.50.
Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Todd Krasnow sold 4,000 shares of the business's stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $68.63, for a total value of $274,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Todd Krasnow also recently made the following trade(s):
- On Wednesday, December 3rd, Todd Krasnow sold 4,000 shares of Symbotic stock. The stock was sold at an average price of $71.00, for a total value of $284,000.00.
- On Tuesday, November 4th, Todd Krasnow sold 4,000 shares of Symbotic stock. The stock was sold at an average price of $76.75, for a total value of $307,000.00.
Symbotic Stock Performance
Shares of SYM opened at $70.61 on Friday. The stock has a 50 day simple moving average of $65.26 and a 200 day simple moving average of $57.77. Symbotic Inc. has a 52-week low of $16.32 and a 52-week high of $87.88. The firm has a market capitalization of $41.77 billion, a PE ratio of -470.73, a P/E/G ratio of 19.75 and a beta of 2.13.
Symbotic (NASDAQ:SYM - Get Free Report) last announced its earnings results on Monday, November 24th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). The company had revenue of $618.46 million for the quarter, compared to analyst estimates of $604.00 million. Symbotic had a negative return on equity of 3.89% and a negative net margin of 0.75%.The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. Equities research analysts predict that Symbotic Inc. will post 0.13 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on SYM shares. Zacks Research upgraded Symbotic from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Symbotic in a research report on Wednesday, October 8th. Wall Street Zen raised Symbotic from a "sell" rating to a "hold" rating in a research report on Sunday, November 30th. Northcoast Research cut Symbotic from a "buy" rating to a "neutral" rating in a research note on Tuesday, November 25th. Finally, UBS Group reaffirmed a "sell" rating and set a $35.00 price target (up from $27.00) on shares of Symbotic in a research note on Tuesday, September 23rd. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $56.50.
Read Our Latest Report on Symbotic
Institutional Trading of Symbotic
Several institutional investors and hedge funds have recently bought and sold shares of SYM. Private Trust Co. NA increased its position in shares of Symbotic by 10.0% during the 2nd quarter. Private Trust Co. NA now owns 2,200 shares of the company's stock worth $85,000 after purchasing an additional 200 shares during the last quarter. Centerpoint Advisors LLC boosted its holdings in shares of Symbotic by 16.7% in the 3rd quarter. Centerpoint Advisors LLC now owns 1,400 shares of the company's stock valued at $75,000 after buying an additional 200 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Symbotic by 4.3% in the third quarter. PNC Financial Services Group Inc. now owns 6,627 shares of the company's stock valued at $357,000 after buying an additional 273 shares in the last quarter. AlphaQuest LLC increased its holdings in Symbotic by 12.9% during the third quarter. AlphaQuest LLC now owns 2,519 shares of the company's stock worth $136,000 after buying an additional 287 shares during the last quarter. Finally, Bouvel Investment Partners LLC raised its position in Symbotic by 0.8% during the third quarter. Bouvel Investment Partners LLC now owns 44,479 shares of the company's stock worth $2,397,000 after acquiring an additional 336 shares in the last quarter.
Symbotic Company Profile
(
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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