Symbotic Inc. (NASDAQ:SYM) Shares Bought by Register Financial Advisors LLC

Register Financial Advisors LLC boosted its holdings in shares of Symbotic Inc. (NASDAQ:SYM - Free Report) by 9.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,767 shares of the company's stock after purchasing an additional 10,350 shares during the period. Symbotic comprises approximately 1.3% of Register Financial Advisors LLC's holdings, making the stock its 17th largest holding. Register Financial Advisors LLC's holdings in Symbotic were worth $2,420,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of 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. Ulland Investment Advisors LLC purchased a new position in shares of Symbotic during the 1st quarter worth approximately $31,000. 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 worth $32,000 after acquiring an additional 503 shares during the period. Private Trust Co. NA purchased a new position in shares of Symbotic during the 4th quarter worth approximately $47,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Symbotic during the 4th quarter worth approximately $47,000.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup dropped their price target on Symbotic from $37.00 to $29.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. UBS Group dropped their price target on Symbotic from $32.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. BWS Financial reissued a "sell" rating and issued a $10.00 price target on shares of Symbotic in a research report on Wednesday, April 2nd. Finally, The Goldman Sachs Group dropped their price target on Symbotic from $25.00 to $18.00 and set a "neutral" rating on the stock 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Symbotic presently has a consensus rating of "Hold" and an average price target of $37.20.

Insider Activity at Symbotic

In other news, CFO Carol J. Hibbard sold 4,628 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $22.62, for a total transaction of $104,685.36. Following the sale, the chief financial officer now directly owns 54,011 shares of the company's stock, valued at $1,221,728.82. The trade was a 7.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael David Dunn sold 2,040 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $22.24, for a total transaction of $45,369.60. Following the sale, the insider now directly owns 23,822 shares in the company, valued at $529,801.28. This trade represents a 7.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 48,056 shares of company stock valued at $1,198,707 over the last ninety days. 0.60% of the stock is owned by company insiders.

Symbotic Price Performance

Shares of NASDAQ SYM traded down $1.70 during midday trading on Friday, hitting $34.00. 4,459,878 shares of the stock traded hands, compared to its average volume of 1,973,330. Symbotic Inc. has a one year low of $16.32 and a one year high of $41.76. The firm has a 50-day moving average of $26.37 and a two-hundred day moving average of $25.42.

Symbotic (NASDAQ:SYM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $549.65 million for the quarter, compared to analysts' expectations of $522.36 million. During the same quarter in the previous year, the business earned ($0.07) EPS. The company's revenue for the quarter was up 39.7% on a year-over-year basis. On average, equities analysts predict that Symbotic Inc. will post 0.13 earnings per share for the current year.

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.