Key Points
- Symbotic Director Todd Krasnow sold 2,000 shares at an average price of $42.72, totaling $85,440, under a pre-arranged Rule 10b5-1 trading plan. He has made two similar 2,000-share sales in recent months.
- Symbotic shares opened at $43.31, with a market capitalization of $26.19 billion and a 52-week range of $37.68 to $87.88. The stock trades at a high P/E ratio of 481.22.
- Analysts maintain a consensus “Hold” rating with an average price target of $65.45, while the company’s latest quarter showed 21.7% year-over-year revenue growth but missed EPS expectations.
Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Todd Krasnow sold 2,000 shares of Symbotic stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $42.72, for a total transaction of $85,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Todd Krasnow also recently made the following trade(s):
- On Tuesday, September 8th, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $43.57, for a total transaction of $87,140.00.
- On Monday, August 3rd, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $45.27, for a total transaction of $90,540.00.
Symbotic Stock Performance
Shares of NASDAQ:SYM opened at $43.31 on Thursday. Symbotic Inc. has a 52-week low of $37.68 and a 52-week high of $87.88. The company has a market capitalization of $26.19 billion, a P/E ratio of 481.22, a price-to-earnings-growth ratio of 4.91 and a beta of 1.97. The company has a 50-day simple moving average of $42.28 and a 200 day simple moving average of $46.52.
Symbotic (NASDAQ:SYM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). The business had revenue of $720.84 million for the quarter, compared to the consensus estimate of $715.03 million. Symbotic had a return on equity of 1.40% and a net margin of 0.48%.The company's revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. As a group, equities analysts forecast that Symbotic Inc. will post 0.21 earnings per share for the current year.
Institutional Investors Weigh In On Symbotic
A number of institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. grew its position in shares of Symbotic by 7.2% in the second quarter. QRG Capital Management Inc. now owns 5,100 shares of the company's stock valued at $229,000 after purchasing an additional 344 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Symbotic during the 2nd quarter worth approximately $450,000. Engineers Gate Manager LP boosted its stake in Symbotic by 469.6% in the 2nd quarter. Engineers Gate Manager LP now owns 56,930 shares of the company's stock valued at $2,559,000 after purchasing an additional 46,936 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Symbotic in the 2nd quarter valued at $188,000. Finally, NewEdge Advisors LLC grew its holdings in Symbotic by 18.6% in the 2nd quarter. NewEdge Advisors LLC now owns 11,452 shares of the company's stock valued at $515,000 after buying an additional 1,799 shares in the last quarter.
Analysts Set New Price Targets
SYM has been the topic of a number of recent analyst reports. Zacks Research raised Symbotic from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 5th. Robert W. Baird set a $51.00 price target on Symbotic in a report on Thursday, August 6th. Weiss Ratings raised Symbotic from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, September 21st. Barclays reduced their price objective on shares of Symbotic from $44.00 to $38.00 and set an "underweight" rating for the company in a research report on Tuesday, September 8th. Finally, Needham & Company LLC decreased their price objective on shares of Symbotic from C$75.00 to C$60.00 and set a "buy" rating on the stock in a report on Tuesday, September 15th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $65.45.
View Our Latest Stock Report on SYM
Symbotic Company Profile
(
Get Free Report)
Symbotic Inc is a technology company that develops automation systems for warehouse and supply-chain operations. Its platform combines artificial intelligence, robotics, software and high-speed material-handling equipment to automate the movement, storage and retrieval of goods within large distribution centers.
The company's solutions are designed to manage products from inbound receiving and pallet depalletizing through storage, replenishment, order assembly and outbound shipping. Symbotic's systems use autonomous robots and software to organize inventory and build store-ready orders, helping retailers and other supply-chain operators improve warehouse utilization, throughput and operational consistency.
Symbotic primarily serves large retail and grocery distribution networks, with deployments concentrated in North America.
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