Key Points
- CFO Izilda Martins sold 27,463 Symbotic shares at an average price of $40.80, generating approximately $1.12 million. The sale, which reduced her holdings by 43.85%, was made to cover tax withholding on vested equity awards.
- Symbotic’s third-quarter revenue rose 21.7% year over year to $720.84 million, slightly exceeding estimates, but EPS of $0.09 missed the $0.13 consensus. Management forecast fourth-quarter revenue of $760 million to $780 million.
- Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $66.50; shares opened at $46.52, well below their 52-week high of $87.88.
Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Charles Kane sold 2,000 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $43.21, for a total value of $86,420.00. Following the sale, the director directly owned 89,852 shares of the company's stock, valued at $3,882,504.92. The trade was a 2.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Charles Kane also recently made the following trade(s):
- On Wednesday, July 1st, Charles Kane sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $44.90, for a total transaction of $89,800.00.
- On Monday, June 1st, Charles Kane sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $45.99, for a total transaction of $91,980.00.
Symbotic Trading Down 2.0%
Shares of Symbotic stock opened at $46.52 on Thursday. The firm has a fifty day simple moving average of $43.02 and a 200-day simple moving average of $50.90. The stock has a market capitalization of $28.04 billion, a price-to-earnings ratio of -930.21, a PEG ratio of 7.00 and a beta of 1.94. Symbotic Inc. has a 1-year low of $38.19 and a 1-year high of $87.88.
Symbotic (NASDAQ:SYM - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). The firm had revenue of $720.84 million during the quarter, compared to analyst estimates of $715.03 million. Symbotic had a negative net margin of 0.20% and a negative return on equity of 0.68%. The business's quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.05) earnings per share. As a group, research analysts predict that Symbotic Inc. will post 0.23 earnings per share for the current year.
Institutional Trading of Symbotic
Hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its holdings in shares of 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 period. Quarry LP acquired a new position in shares of Symbotic during the fourth quarter valued at about $36,000. Parallel Advisors LLC lifted its stake in shares of 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 buying an additional 249 shares during the period. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Symbotic in the fourth quarter valued at about $48,000. Finally, NewEdge Advisors LLC grew its position in Symbotic by 81.5% during the second quarter. NewEdge Advisors LLC now owns 1,276 shares of the company's stock worth $50,000 after buying an additional 573 shares in the last quarter.
Analyst Ratings Changes
Several brokerages have recently issued reports on SYM. Weiss Ratings downgraded Symbotic from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, May 11th. The Goldman Sachs Group cut their price objective on Symbotic from $54.00 to $45.00 and set a "sell" rating for the company in a research report on Tuesday, May 26th. DA Davidson restated a "buy" rating and set a $70.00 target price on shares of Symbotic in a research note on Monday, May 11th. Finally, Zacks Research lowered Symbotic from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 7th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $66.50.
Read Our Latest Stock Analysis on Symbotic
Symbotic News Roundup
Here are the key news stories impacting Symbotic this week:
- Positive Sentiment: Symbotic reported third-quarter fiscal 2026 revenue of approximately $721 million, up 22% year over year and ahead of the $715 million analyst consensus. Net income was $55 million, compared with a $21 million loss in the year-ago quarter. Symbotic Reports Third Quarter Fiscal Year 2026 Results
- Positive Sentiment: Management forecast fourth-quarter revenue of $760 million to $780 million, a range that brackets the $770.7 million consensus estimate and signals continued demand for the company’s warehouse-automation systems.
- Positive Sentiment: Former Bain Capital co-chair Steve Pagliuca was elected to Symbotic’s board, potentially adding financial and strategic expertise as the company expands its artificial-intelligence-enabled robotics business. Symbotic Reports Third Quarter Fiscal Year 2026 Results
- Neutral Sentiment: Coverage of Symbotic’s use of AI coding agents highlights the company’s efforts to manage software-development costs as AI usage increases, but provides limited new information about near-term financial results. AI coding agents are blowing through budgets
- Negative Sentiment: Quarterly EPS was $0.09, below the $0.13 consensus estimate. Although revenue exceeded expectations, the earnings shortfall likely drove the negative market reaction and renewed concerns about profitability. Symbotic earnings release
- Negative Sentiment: Directors Todd Krasnow and Charles Kane each sold 2,000 shares under pre-arranged Rule 10b5-1 plans. The sales were relatively small and scheduled in advance, limiting their signaling value, but they may still weigh modestly on sentiment.
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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