Banque Cantonale Vaudoise Invests $245,000 in Symbotic Inc. (NASDAQ:SYM)

Banque Cantonale Vaudoise purchased a new stake in shares of Symbotic Inc. (NASDAQ:SYM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,109 shares of the company's stock, valued at approximately $245,000.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Symbotic by 1,812.2% in the 1st quarter. GAMMA Investing LLC now owns 1,415 shares of the company's stock worth $29,000 after acquiring an additional 1,341 shares during the last quarter. Ulland Investment Advisors LLC bought a new position in Symbotic during the first quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Symbotic in the fourth quarter worth about $47,000. CWM LLC raised its position in shares of Symbotic by 408.2% in the first quarter. CWM LLC now owns 2,602 shares of the company's stock valued at $53,000 after purchasing an additional 2,090 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Symbotic by 40.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,566 shares of the company's stock valued at $85,000 after buying an additional 1,018 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Arete lowered shares of Symbotic from a "buy" rating to a "neutral" rating and set a $50.00 price objective for the company. in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft lowered Symbotic from a "buy" rating to a "hold" rating and set a $51.00 price target for the company. in a report on Friday, July 18th. Citigroup reiterated a "buy" rating on shares of Symbotic in a research note on Monday, July 14th. Arete Research downgraded Symbotic from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Finally, The Goldman Sachs Group reduced their target price on Symbotic from $25.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $39.87.

Insider Transactions at Symbotic

In other news, Director Daniela L. Rus sold 1,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $48.33, for a total value of $48,330.00. Following the completion of the transaction, the director directly owned 22,729 shares in the company, valued at approximately $1,098,492.57. This represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Maria G. Freve sold 478 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $54.73, for a total value of $26,160.94. Following the transaction, the insider directly owned 3,312 shares in the company, valued at approximately $181,265.76. This represents a 12.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,136 shares of company stock worth $2,534,217. Company insiders own 0.60% of the company's stock.

Symbotic Price Performance

Shares of SYM opened at $50.85 on Friday. Symbotic Inc. has a 1-year low of $16.32 and a 1-year high of $55.75. The company has a market capitalization of $29.98 billion, a P/E ratio of -1,271.25, a P/E/G ratio of 52.97 and a beta of 2.06. The firm's 50 day simple moving average is $40.22 and its 200 day simple moving average is $29.84.

Symbotic (NASDAQ:SYM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.09). Symbotic had a negative net margin of 0.23% and a negative return on equity of 1.26%. The company had revenue of $549.65 million for the quarter, compared to analysts' expectations of $522.36 million. During the same quarter last year, the business posted ($0.07) EPS. The business's quarterly revenue was up 39.7% compared to the same quarter last year. On average, equities analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current year.

Symbotic 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.

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