Susquehanna Fundamental Investments LLC Acquires Shares of 44,432 Symbotic Inc. (NASDAQ:SYM)

Susquehanna Fundamental Investments LLC purchased a new stake in Symbotic Inc. (NASDAQ:SYM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 44,432 shares of the company's stock, valued at approximately $1,053,000.

Several other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in Symbotic by 58.2% in 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 during the last quarter. Private Trust Co. NA purchased a new stake in shares of Symbotic in the fourth quarter valued at approximately $47,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Symbotic in the fourth quarter valued at approximately $47,000. Jones Financial Companies Lllp lifted its position in Symbotic by 154.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company's stock worth $58,000 after buying an additional 1,490 shares in the last quarter. Finally, MCF Advisors LLC acquired a new position in Symbotic during the fourth quarter worth $85,000.

Symbotic Price Performance

Shares of SYM stock traded down $0.12 during trading on Monday, reaching $22.94. The company's stock had a trading volume of 915,785 shares, compared to its average volume of 1,932,483. Symbotic Inc. has a 1-year low of $16.32 and a 1-year high of $48.98. The stock's 50-day moving average price is $21.20 and its 200 day moving average price is $25.90. The company has a market capitalization of $13.50 billion, a price-to-earnings ratio of -327.67, a P/E/G ratio of 6.48 and a beta of 1.86.

Symbotic (NASDAQ:SYM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, topping 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%. On average, sell-side analysts anticipate that Symbotic Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Symbotic

In related news, insider William M. Boyd III sold 2,660 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.60, for a total value of $73,416.00. Following the transaction, the insider now owns 40,812 shares of the company's stock, valued at $1,126,411.20. This represents a 6.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Maria G. Freve sold 1,929 shares of the firm's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $21.69, for a total value of $41,840.01. Following the completion of the sale, the insider now owns 2,646 shares in the company, valued at approximately $57,391.74. This represents a 42.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,721 shares of company stock valued at $1,772,384 in the last quarter. Corporate insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on SYM. Citigroup reduced their price target on Symbotic from $37.00 to $29.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Northland Securities boosted their target price on shares of Symbotic from $35.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, January 17th. UBS Group cut their price target on shares of Symbotic from $32.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. DA Davidson upgraded 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. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $60.00 target price on shares of Symbotic in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Symbotic currently has a consensus rating of "Hold" and a consensus target price of $37.20.

Symbotic Company Profile

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.