Symbotic Inc. (NASDAQ:SYM - Get Free Report) insider Maria Freve sold 2,265 shares of the stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $38.25, for a total transaction of $86,636.25. Following the transaction, the insider directly owned 5,676 shares in the company, valued at $217,107. The trade was a 28.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Symbotic Stock Performance
NASDAQ:SYM opened at $38.97 on Thursday. The company has a market capitalization of $23.57 billion, a price-to-earnings ratio of 433.00, a price-to-earnings-growth ratio of 3.71 and a beta of 1.97. Symbotic Inc. has a one year low of $36.47 and a one year high of $87.88. The stock has a 50-day simple moving average of $41.48 and a 200 day simple moving average of $48.53.
Symbotic (NASDAQ:SYM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). Symbotic had a net margin of 0.48% and a return on equity of 1.40%. The firm had revenue of $720.84 million during the quarter, compared to the consensus estimate of $715.03 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. The firm's quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities research analysts forecast that Symbotic Inc. will post 0.21 EPS for the current fiscal year.
Analyst Ratings Changes
SYM has been the subject of a number of research analyst reports. TD Cowen lowered their price target on Symbotic from $75.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, October 22nd. Needham & Company LLC dropped their price target on Symbotic from C$75.00 to C$60.00 and set a "buy" rating on the stock in a research report on Tuesday, September 15th. Zacks Research upgraded Symbotic from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 5th. Weiss Ratings raised shares of Symbotic from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, September 21st. Finally, Robert W. Baird set a $51.00 price objective on shares of Symbotic in a report on Thursday, August 6th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $65.83.
View Our Latest Stock Report on SYM
Institutional Investors Weigh In On Symbotic
Several institutional investors and hedge funds have recently bought and sold shares of the business. GK Wealth Management LLC bought a new position in Symbotic in the third quarter worth about $26,000. Toth Financial Advisory Corp boosted its stake in Symbotic by 88.7% in the third quarter. Toth Financial Advisory Corp now owns 632 shares of the company's stock valued at $27,000 after acquiring an additional 297 shares during the period. Nykredit A S acquired a new position in Symbotic in the second quarter valued at approximately $89,000. IAG Wealth Partners LLC boosted its stake in Symbotic by 29.4% in the first quarter. IAG Wealth Partners LLC now owns 1,752 shares of the company's stock valued at $93,000 after acquiring an additional 398 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its stake in Symbotic by 115.3% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 1,996 shares of the company's stock valued at $106,000 after acquiring an additional 1,069 shares during the period.
More Symbotic News
Here are the key news stories impacting Symbotic this week:
- Positive Sentiment: Coverage of Symbotic’s growth with Walmart highlights how major “anchor customers” can help robotics companies scale deployments and establish recurring expansion opportunities. What Symbotic’s Walmart growth teaches robotics startups about anchor customers
- Neutral Sentiment: Analyst opinions remain divided. Symbotic has a consensus rating of “Hold,” with seven Buy, five Hold and two Sell ratings; the consensus price target of $65.83 remains well above the recent trading range, although TD Cowen lowered its target to $70 while maintaining a Buy rating. Symbotic Inc. Stock Rated Hold by Wall Street Analysts
- Negative Sentiment: Several insiders reported stock sales, including CFO Izilda Martins, SVP Brian Alexander, CTO James Kuffner, insider Maria Freve and William Boyd III. The largest disclosed transactions were Alexander’s sale of 9,225 shares and Kuffner’s sale of 19,201 shares. Because the filings state that the shares were sold to meet tax-withholding obligations, they do not necessarily indicate declining confidence; however, the cluster of sales could pressure investor sentiment.
- Negative Sentiment: Symbotic continues to trade below its 50-day and 200-day moving averages after a sharp retreat from its 52-week high. Its elevated valuation and prior earnings miss also leave investors sensitive to execution and profitability concerns, despite revenue growth.
About Symbotic
(
Get Free Report)
Symbotic Inc is an automation technology company that develops artificial intelligence-enabled robotics and software for supply chain and warehouse operations. Its systems are designed to automate the movement, storage, retrieval and replenishment of pallets and cases within large distribution centers, helping customers manage inventory and fulfill orders more efficiently.
The company's platform combines mobile robots, automated storage and retrieval systems, robotic palletizing and depalletizing equipment, and warehouse-control software.
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