Symbotic Inc. (NASDAQ:SYM) Shares Bought by Littlejohn Financial Services Inc.

Littlejohn Financial Services Inc. increased its position in shares of Symbotic Inc. (NASDAQ:SYM - Free Report) by 36.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,982 shares of the company's stock after buying an additional 11,915 shares during the quarter. Littlejohn Financial Services Inc.'s holdings in Symbotic were worth $909,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in Symbotic by 58.2% during the 4th quarter. IFP Advisors Inc now owns 1,368 shares of the company's stock worth $32,000 after buying an additional 503 shares during the last quarter. GAMMA Investing LLC lifted its position in Symbotic by 1,812.2% during 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 period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Symbotic during the 4th quarter worth approximately $47,000. Private Trust Co. NA acquired a new stake in Symbotic during the 4th quarter worth approximately $47,000. Finally, Jones Financial Companies Lllp lifted its position in 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 acquiring an additional 1,490 shares during the period.

Insider Buying and Selling

In related news, CFO Carol J. Hibbard sold 4,628 shares of Symbotic stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $22.62, for a total transaction of $104,685.36. Following the completion of the transaction, the chief financial officer now directly owns 54,011 shares of the company's stock, valued at approximately $1,221,728.82. The trade was a 7.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William M. Boyd III sold 2,455 shares of Symbotic stock in a transaction on Monday, March 17th. The stock was sold at an average price of $22.31, for a total value of $54,771.05. Following the transaction, the insider now directly owns 39,659 shares of the company's stock, valued at approximately $884,792.29. This represents a 5.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,056 shares of company stock valued at $1,028,601. 0.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on SYM shares. The Goldman Sachs Group decreased 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. Citigroup decreased their price objective on Symbotic from $37.00 to $29.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group decreased their price objective on Symbotic from $32.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Finally, BWS Financial reaffirmed a "sell" rating and set a $10.00 price objective on shares of Symbotic in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $37.20.

Symbotic Trading Up 1.4%

Shares of SYM traded up $0.43 during mid-day trading on Monday, hitting $30.24. The company's stock had a trading volume of 1,002,765 shares, compared to its average volume of 1,931,222. The firm has a 50-day simple moving average of $24.03 and a 200 day simple moving average of $25.28. The firm has a market capitalization of $17.83 billion, a P/E ratio of -431.94, a P/E/G ratio of 6.48 and a beta of 1.95. Symbotic Inc. has a 1-year low of $16.32 and a 1-year high of $41.76.

Symbotic (NASDAQ:SYM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.09). The firm had revenue of $549.65 million for the quarter, compared to analyst estimates of $522.36 million. Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%. The business's revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. As a group, sell-side analysts predict that Symbotic Inc. will post 0.13 EPS for the current fiscal 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.