Key Points
- Insider sale: Symbotic insider William Boyd III sold 9,194 shares on April 27 under a pre-arranged Rule 10b5-1 plan at an average price of $58.75, totaling $540,147.50 and reducing his holding by 12.87% to 62,227 shares (≈$3.66M).
- Recent results and stock metrics: Symbotic missed EPS estimates (Q reported $0.02 vs. $0.08 est.) but revenue rose 29.4% year-over-year to $629.99M; the stock trades in a 12‑month range of $20.50–$87.88 with a market cap of about $35.84B.
- Analyst views: Coverage is mixed — consensus rating is a Hold with an average price target of $65.62 (seven Buys, six Holds, three Sells) and recent targets ranging roughly $44–$73.
Symbotic Inc. (NASDAQ:SYM - Get Free Report) insider William Boyd III sold 9,194 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $58.75, for a total transaction of $540,147.50. Following the completion of the sale, the insider owned 62,227 shares of the company's stock, valued at approximately $3,655,836.25. The trade was a 12.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Symbotic Stock Up 0.2%
Symbotic stock opened at $59.52 on Tuesday. Symbotic Inc. has a 12 month low of $20.50 and a 12 month high of $87.88. The stock has a market cap of $35.84 billion, a P/E ratio of -595.14, a P/E/G ratio of 5.95 and a beta of 2.10. The company's fifty day simple moving average is $54.43 and its 200-day simple moving average is $61.16.
Symbotic (NASDAQ:SYM - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $629.99 million for the quarter, compared to analysts' expectations of $622.58 million. Symbotic had a negative return on equity of 1.88% and a negative net margin of 0.45%.Symbotic's revenue was up 29.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.03) earnings per share. On average, equities research analysts expect that Symbotic Inc. will post 0.33 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. MAI Capital Management raised its stake in shares of Symbotic by 833.3% in the 3rd 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. Parkside Financial Bank & Trust boosted its position in Symbotic by 100.0% during the fourth 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 period. Quarry LP bought a new stake in Symbotic during the fourth quarter worth approximately $36,000. Parallel Advisors LLC grew its holdings in Symbotic by 67.3% during 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 last quarter. Finally, Ameriflex Group Inc. raised its position in shares of 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.
Analysts Set New Price Targets
SYM has been the subject of several recent research reports. UBS Group set a $70.00 price target on Symbotic in a research note on Wednesday, February 18th. Zacks Research raised shares of Symbotic from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 18th. DA Davidson upgraded shares of Symbotic from a "neutral" rating to a "buy" rating and lifted their target price for the company from $57.00 to $70.00 in a research note on Wednesday, April 15th. Northland Securities set a $73.00 price target on shares of Symbotic in a research note on Thursday, February 5th. Finally, Barclays raised their price target on shares of Symbotic from $42.00 to $44.00 and gave the company an "underweight" rating in a report on Monday, March 16th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $65.62.
Get Our Latest Stock Analysis on SYM
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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