Key Points
- Symbotic CTO James Kuffner sold 3,669 shares on Feb. 25 at an average price of $56.84 for $208,545.96, trimming his stake by 2.37% to 151,061 shares valued at about $8.59M, after a larger Jan. 26 sale of 77,321 shares at $59.76 (~$4.62M).
- Symbotic reported Q4 EPS of $0.02 (missing the $0.08 consensus) while revenue of $630M topped estimates, and the stock trades near $56.56 with a $34.06B market cap and a consensus analyst rating of "Hold" with a $60.57 target.
Symbotic Inc. (NASDAQ:SYM - Get Free Report) CTO James Kuffner sold 3,669 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $56.84, for a total transaction of $208,545.96. Following the completion of the sale, the chief technology officer owned 151,061 shares in the company, valued at $8,586,307.24. The trade was a 2.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
James Kuffner also recently made the following trade(s):
- On Monday, January 26th, James Kuffner sold 77,321 shares of Symbotic stock. The stock was sold at an average price of $59.76, for a total value of $4,620,702.96.
Symbotic Stock Up 0.7%
Shares of NASDAQ SYM traded up $0.42 during midday trading on Thursday, reaching $56.56. 269,140 shares of the stock were exchanged, compared to its average volume of 2,024,587. The firm has a market cap of $34.06 billion, a price-to-earnings ratio of -569.34, a PEG ratio of 5.64 and a beta of 2.13. Symbotic Inc. has a twelve month low of $16.32 and a twelve month high of $87.88. The firm has a 50-day simple moving average of $60.44 and a two-hundred day simple moving average of $60.50.
Symbotic (NASDAQ:SYM - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.06). Symbotic had a negative net margin of 0.45% and a negative return on equity of 1.88%. The company had revenue of $629.99 million during the quarter, compared to analysts' expectations of $622.58 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The firm's quarterly revenue was up 29.4% compared to the same quarter last year. Research analysts expect that Symbotic Inc. will post 0.13 EPS for the current fiscal year.
Hedge Funds Weigh In On Symbotic
A number of institutional investors have recently added to or reduced their stakes in the company. MAI Capital Management grew its stake in shares of Symbotic by 833.3% during the third quarter. MAI Capital Management now owns 560 shares of the company's stock valued at $30,000 after acquiring an additional 500 shares in the last quarter. IAG Wealth Partners LLC acquired a new stake in Symbotic during the 2nd quarter valued at approximately $32,000. Parkside Financial Bank & Trust increased its holdings in Symbotic by 100.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 536 shares of the company's stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Quarry LP acquired a new position in shares of Symbotic in the 4th quarter valued at approximately $36,000. Finally, Parallel Advisors LLC boosted its stake in shares of Symbotic by 67.3% during the 4th quarter. Parallel Advisors LLC now owns 619 shares of the company's stock valued at $37,000 after buying an additional 249 shares during the last quarter.
Analyst Upgrades and Downgrades
Several research firms recently commented on SYM. Oppenheimer reiterated an "outperform" rating and issued a $83.00 price target on shares of Symbotic in a research report on Tuesday, November 25th. Zacks Research raised Symbotic from a "strong sell" rating to a "hold" rating in a report on Wednesday, February 18th. Northland Securities set a $73.00 price objective on shares of Symbotic in a research report on Thursday, February 5th. Barclays lifted their price objective on Symbotic from $41.00 to $42.00 and gave the company an "underweight" rating in a report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Symbotic from $55.00 to $63.00 and gave the company a "hold" rating in a research note on Tuesday, November 25th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Symbotic presently has an average rating of "Hold" and a consensus target price of $60.57.
View Our Latest Analysis on Symbotic
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.
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