Key Points
- Todd Krasnow sold 2,000 Symbotic shares on April 6 at an average price of $53.27 for $106,540, leaving him with 10,345 shares and a reported 16.20% reduction in ownership; the sale was executed under a pre-arranged Rule 10b5-1 trading plan.
- Krasnow has been a frequent seller this year, disposing of a total of 8,000 shares (4,000 on Feb. 2, 2,000 on Mar. 9 and 2,000 on Apr. 6) in multiple transactions.
- Symbotic recently missed EPS (reported $0.02 vs. $0.08 estimate) despite revenue rising 29.4% to $629.99M, and wall‑street consensus remains a "Hold" with an average target of $64.62.
Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Todd Krasnow sold 2,000 shares of Symbotic stock in a transaction on Monday, April 6th. The stock was sold at an average price of $53.27, for a total transaction of $106,540.00. Following the sale, the director owned 10,345 shares in the company, valued at $551,078.15. This represents a 16.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Todd Krasnow also recently made the following trade(s):
- On Monday, March 9th, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $47.70, for a total transaction of $95,400.00.
- On Monday, February 2nd, Todd Krasnow sold 4,000 shares of Symbotic stock. The stock was sold at an average price of $53.73, for a total transaction of $214,920.00.
Symbotic Price Performance
Shares of NASDAQ:SYM opened at $54.55 on Thursday. The company's fifty day moving average price is $53.68 and its 200 day moving average price is $61.17. Symbotic Inc. has a 12 month low of $17.75 and a 12 month high of $87.88. The firm has a market capitalization of $32.85 billion, a P/E ratio of -545.45, a P/E/G ratio of 5.35 and a beta of 2.10.
Symbotic (NASDAQ:SYM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06). Symbotic had a negative return on equity of 1.88% and a negative net margin of 0.45%.The company had revenue of $629.99 million for the quarter, compared to analyst estimates of $622.58 million. During the same quarter in the prior year, the business earned ($0.03) earnings per share. Symbotic's revenue was up 29.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Symbotic Inc. will post 0.13 EPS for the current year.
Wall Street Analyst Weigh In
SYM has been the topic of several research analyst reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Symbotic in a research note on Thursday, January 22nd. Citigroup restated an "outperform" rating on shares of Symbotic in a research note on Thursday, February 5th. DA Davidson lifted their price objective on shares of Symbotic from $53.00 to $57.00 and gave the company a "neutral" rating in a research note on Monday, February 9th. The Goldman Sachs Group restated a "sell" rating and issued a $50.00 price objective on shares of Symbotic in a research note on Thursday, January 15th. Finally, Northland Securities set a $73.00 price objective on shares of Symbotic in a research note on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Symbotic has a consensus rating of "Hold" and an average target price of $64.62.
Get Our Latest Stock Report on Symbotic
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SYM. MAI Capital Management increased its stake in 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. Parkside Financial Bank & Trust increased its stake in Symbotic by 100.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 536 shares of the company's stock valued at $32,000 after purchasing an additional 268 shares during the period. Quarry LP acquired a new position in Symbotic in the fourth quarter valued at $36,000. Parallel Advisors LLC increased its stake in Symbotic by 67.3% in the fourth quarter. Parallel Advisors LLC now owns 619 shares of the company's stock valued at $37,000 after purchasing an additional 249 shares during the period. Finally, Ameriflex Group Inc. increased its stake in Symbotic by 1,500.0% in the third quarter. Ameriflex Group Inc. now owns 704 shares of the company's stock valued at $38,000 after purchasing an additional 660 shares during the period.
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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