Symbotic Inc. (NASDAQ:SYM - Get Free Report) insider William M. Boyd III sold 2,455 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $22.31, for a total transaction of $54,771.05. Following the sale, the insider now owns 39,659 shares in the company, valued at $884,792.29. The trade was a 5.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Symbotic Trading Up 2.4 %
SYM stock opened at $21.50 on Thursday. The company has a market capitalization of $12.65 billion, a PE ratio of -307.10, a P/E/G ratio of 6.48 and a beta of 1.85. The business's fifty day moving average price is $26.24 and its 200 day moving average price is $26.49. Symbotic Inc. has a 12-month low of $17.11 and a 12-month high of $50.41.
Symbotic (NASDAQ:SYM - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%. Research analysts predict that Symbotic Inc. will post 0.13 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Symbotic from $28.00 to $25.00 and set a "neutral" rating for the company in a research report on Thursday, February 6th. Citigroup reiterated a "buy" rating and set a $37.00 price target on shares of Symbotic in a report on Monday, January 13th. Raymond James cut shares of Symbotic from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 6th. BWS Financial reaffirmed a "sell" rating and issued a $10.00 price objective on shares of Symbotic in a research note on Tuesday, January 21st. Finally, Needham & Company LLC decreased their price objective on Symbotic from $35.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Symbotic has a consensus rating of "Hold" and a consensus target price of $38.20.
View Our Latest Report on SYM
Hedge Funds Weigh In On Symbotic
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Alberta Investment Management Corp purchased a new position in Symbotic during the 4th quarter valued at about $586,000. Geode Capital Management LLC lifted its position in shares of Symbotic by 10.2% during the third quarter. Geode Capital Management LLC now owns 503,758 shares of the company's stock worth $12,290,000 after purchasing an additional 46,721 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Symbotic during the 3rd quarter valued at approximately $1,029,000. Capital Market Strategies LLC bought a new stake in shares of Symbotic in the 4th quarter worth about $802,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Symbotic by 10.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 219,074 shares of the company's stock valued at $5,343,000 after acquiring an additional 20,469 shares in 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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