Symbotic Inc. (NASDAQ:SYM - Get Free Report) insider Maria G. Freve sold 1,929 shares of the company's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $21.69, for a total value of $41,840.01. Following the sale, the insider now owns 2,646 shares in the company, valued at approximately $57,391.74. This trade represents a 42.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Symbotic Trading Down 0.6 %
Shares of SYM opened at $21.93 on Friday. The company's 50 day simple moving average is $21.49 and its 200-day simple moving average is $26.13. Symbotic Inc. has a 12-month low of $16.32 and a 12-month high of $48.98. The firm has a market cap of $12.90 billion, a PE ratio of -313.24, a price-to-earnings-growth ratio of 6.48 and a beta of 1.86.
Symbotic (NASDAQ:SYM - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 0.38% and a positive return on equity of 5.11%. As a group, equities research analysts forecast that Symbotic Inc. will post 0.13 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of Symbotic by 2.6% during the third quarter. State Street Corp now owns 319,235 shares of the company's stock worth $7,786,000 after purchasing an additional 7,990 shares during the period. Barclays PLC boosted its holdings in shares of Symbotic by 1,105.9% in the third quarter. Barclays PLC now owns 9,346 shares of the company's stock valued at $228,000 after acquiring an additional 8,571 shares in the last quarter. Geode Capital Management LLC increased its stake 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 acquiring an additional 46,721 shares during the period. 1ST Source Bank purchased a new position in Symbotic during the third quarter worth about $488,000. Finally, Capital Market Strategies LLC acquired a new stake in Symbotic in the fourth quarter valued at about $802,000.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. UBS Group cut their target price on shares of Symbotic from $32.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 25th. Cantor Fitzgerald restated an "overweight" rating and issued a $60.00 price objective on shares of Symbotic in a report on Thursday, February 6th. Citigroup lowered their target price on shares of Symbotic from $37.00 to $29.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Needham & Company LLC cut their price target on Symbotic from $35.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group lowered their price objective on Symbotic from $25.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. One investment 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.com, the stock has an average rating of "Hold" and an average target price of $37.20.
Check Out Our Latest Stock Analysis on SYM
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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