Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Todd Krasnow sold 10,447 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $27.05, for a total transaction of $282,591.35. Following the sale, the director now directly owns 194,036 shares in the company, valued at approximately $5,248,673.80. This represents a 5.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Todd Krasnow also recently made the following trade(s):
- On Thursday, January 2nd, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $24.04, for a total transaction of $48,080.00.
Symbotic Trading Down 0.1 %
Shares of Symbotic stock opened at $29.11 on Thursday. The stock has a 50 day moving average of $27.26 and a 200 day moving average of $26.44. Symbotic Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $50.40.
Symbotic (NASDAQ:SYM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. Symbotic had a negative net margin of 0.38% and a positive return on equity of 5.11%. Research analysts predict that Symbotic Inc. will post 0.13 earnings per share for the current year.
Analysts Set New Price Targets
SYM has been the topic of several research reports. BWS Financial reissued a "sell" rating and issued a $10.00 target price on shares of Symbotic in a research report on Tuesday, January 21st. DA Davidson raised Symbotic from a "neutral" rating to a "buy" rating and set a $35.00 price objective on the stock in a report on Wednesday, January 8th. Cantor Fitzgerald restated an "overweight" rating and issued a $60.00 price objective on shares of Symbotic in a research note on Thursday, February 6th. Craig Hallum lowered Symbotic from a "buy" rating to a "hold" rating and set a $25.00 target price on the stock. in a research report on Wednesday, November 27th. Finally, UBS Group reduced their price target on shares of Symbotic from $40.00 to $32.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $38.33.
Get Our Latest Stock Analysis on Symbotic
Institutional Investors Weigh In On Symbotic
Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in shares of Symbotic during the second quarter worth about $514,000. The Manufacturers Life Insurance Company grew its holdings in Symbotic by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,655 shares of the company's stock worth $304,000 after acquiring an additional 679 shares in the last quarter. Bourne Lent Asset Management Inc. increased its position in shares of Symbotic by 4.9% in the 3rd quarter. Bourne Lent Asset Management Inc. now owns 64,710 shares of the company's stock valued at $1,578,000 after purchasing an additional 3,000 shares during the last quarter. nVerses Capital LLC raised its holdings in shares of Symbotic by 31.1% in the 3rd quarter. nVerses Capital LLC now owns 5,900 shares of the company's stock valued at $144,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Castleview Partners LLC lifted its position in shares of Symbotic by 50.0% during the 3rd quarter. Castleview Partners LLC now owns 1,500 shares of the company's stock worth $37,000 after purchasing an additional 500 shares during the last quarter.
Symbotic Company Profile
(
Get Free Report)
Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.
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