Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Todd Krasnow sold 2,000 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $17.51, for a total value of $35,020.00. Following the transaction, the director now owns 194,036 shares of the company's stock, valued at approximately $3,397,570.36. This represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Todd Krasnow also recently made the following trade(s):
- On Tuesday, February 18th, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $27.32, for a total value of $54,640.00.
- On Monday, February 10th, Todd Krasnow sold 10,447 shares of Symbotic stock. The stock was sold at an average price of $27.05, for a total value of $282,591.35.
Symbotic Trading Down 3.7 %
Shares of SYM stock opened at $17.88 on Wednesday. The stock's fifty day simple moving average is $23.64 and its 200-day simple moving average is $26.47. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of -255.39, a P/E/G ratio of 6.48 and a beta of 1.86. Symbotic Inc. has a 1-year low of $16.32 and a 1-year high of $48.98.
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, 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%. On average, sell-side analysts predict that Symbotic Inc. will post 0.13 EPS for the current year.
Analyst Ratings Changes
SYM has been the subject of a number of recent analyst reports. Citigroup reiterated a "buy" rating and issued a $37.00 target price on shares of Symbotic in a research report on Monday, January 13th. Needham & Company LLC decreased their price objective on shares of Symbotic from $35.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Northland Securities boosted their target price on Symbotic from $35.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, January 17th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $60.00 price target on shares of Symbotic in a research note on Thursday, February 6th. Finally, BWS Financial reissued a "sell" rating and issued a $10.00 price objective on shares of Symbotic in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $38.20.
Get Our Latest Report on SYM
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in shares of Symbotic by 58.2% during the 4th quarter. IFP Advisors Inc now owns 1,368 shares of the company's stock valued at $32,000 after acquiring an additional 503 shares in the last quarter. GAMMA Investing LLC grew its stake in Symbotic by 1,812.2% in the first quarter. GAMMA Investing LLC now owns 1,415 shares of the company's stock valued at $29,000 after purchasing an additional 1,341 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Symbotic in the fourth quarter valued at about $47,000. Private Trust Co. NA acquired a new position in Symbotic in the 4th quarter worth about $47,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Symbotic by 154.1% during the 4th quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company's stock worth $58,000 after purchasing an additional 1,490 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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