Symbotic Inc. (NASDAQ:SYM - Get Free Report) insider Michael David Dunn sold 2,040 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $22.24, for a total value of $45,369.60. Following the completion of the transaction, the insider now directly owns 23,822 shares in the company, valued at $529,801.28. This trade represents a 7.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Michael David Dunn also recently made the following trade(s):
- On Thursday, January 30th, Michael David Dunn sold 1,971 shares of Symbotic stock. The shares were sold at an average price of $30.00, for a total value of $59,130.00.
- On Friday, January 24th, Michael David Dunn sold 3,635 shares of Symbotic stock. The stock was sold at an average price of $33.28, for a total value of $120,972.80.
- On Thursday, January 16th, Michael David Dunn sold 13,114 shares of Symbotic stock. The shares were sold at an average price of $32.19, for a total transaction of $422,139.66.
- On Friday, January 3rd, Michael David Dunn sold 5,365 shares of Symbotic stock. The stock was sold at an average price of $24.60, for a total transaction of $131,979.00.
Symbotic Stock Performance
Symbotic stock opened at $18.24 on Friday. Symbotic Inc. has a 1 year low of $17.11 and a 1 year high of $48.98. The firm's 50-day moving average is $24.56 and its 200-day moving average is $26.64. The company has a market cap of $10.73 billion, a P/E ratio of -260.53, a PEG ratio of 6.48 and a beta of 1.85.
Symbotic (NASDAQ:SYM - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%. As a group, sell-side analysts predict that Symbotic Inc. will post 0.13 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have commented on SYM. UBS Group cut their price objective on shares of Symbotic from $32.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $60.00 price target on shares of Symbotic in a research note on Thursday, February 6th. The Goldman Sachs Group reduced their price target on Symbotic from $28.00 to $25.00 and set a "neutral" rating for the company in a report on Thursday, February 6th. Northland Securities lifted their price objective on Symbotic from $35.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Finally, BWS Financial reaffirmed a "sell" rating and issued a $10.00 target price on shares of Symbotic in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $38.20.
Get Our Latest Analysis on SYM
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Alberta Investment Management Corp acquired a new position in shares of Symbotic during the fourth quarter valued at $586,000. Geode Capital Management LLC boosted its stake in Symbotic by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 503,758 shares of the company's stock valued at $12,290,000 after purchasing an additional 46,721 shares during the period. Sanctuary Advisors LLC bought a new position in Symbotic in the 3rd quarter worth about $1,029,000. Capital Market Strategies LLC acquired a new stake in shares of Symbotic in the fourth quarter valued at approximately $802,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Symbotic by 10.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 219,074 shares of the company's stock valued at $5,343,000 after buying an additional 20,469 shares during the last quarter.
About Symbotic
(
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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