Two Sigma Investments LP Acquires 66,755 Shares of Symbotic Inc. (NASDAQ:SYM)

Two Sigma Investments LP boosted its holdings in Symbotic Inc. (NASDAQ:SYM - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 321,622 shares of the company's stock after acquiring an additional 66,755 shares during the quarter. Two Sigma Investments LP owned 0.05% of Symbotic worth $7,626,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SYM. Tanaka Capital Management Inc. grew its holdings in shares of Symbotic by 68.7% in the 4th quarter. Tanaka Capital Management Inc. now owns 72,688 shares of the company's stock worth $1,723,000 after acquiring an additional 29,596 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Symbotic by 931.7% in the 4th quarter. Janus Henderson Group PLC now owns 179,516 shares of the company's stock worth $4,256,000 after acquiring an additional 162,116 shares during the last quarter. Divisadero Street Capital Management LP acquired a new position in shares of Symbotic in the 4th quarter worth $4,441,000. CoreCap Advisors LLC grew its holdings in shares of Symbotic by 364.6% in the 4th quarter. CoreCap Advisors LLC now owns 5,529 shares of the company's stock worth $131,000 after acquiring an additional 4,339 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Symbotic by 5.7% in the 4th quarter. Cetera Investment Advisers now owns 24,621 shares of the company's stock worth $584,000 after acquiring an additional 1,332 shares during the last quarter.

Insider Transactions at Symbotic

In other Symbotic news, insider William M. Boyd III sold 2,455 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $22.31, for a total transaction of $54,771.05. Following the transaction, the insider now owns 39,659 shares of the company's stock, valued at approximately $884,792.29. This represents a 5.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Todd Krasnow sold 2,000 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $17.51, for a total value of $35,020.00. Following the transaction, the director now directly owns 194,036 shares in the company, valued at approximately $3,397,570.36. This represents a 1.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,447 shares of company stock valued at $858,000 in the last three months. 0.60% of the stock is owned by corporate insiders.

Symbotic Stock Performance

Shares of Symbotic stock traded down $0.97 during trading on Wednesday, reaching $29.74. The company's stock had a trading volume of 1,391,390 shares, compared to its average volume of 1,933,999. The business's fifty day moving average price is $22.82 and its 200-day moving average price is $25.57. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of -424.80, a price-to-earnings-growth ratio of 6.48 and a beta of 1.85. Symbotic Inc. has a one year low of $16.32 and a one year high of $42.45.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Raymond James cut Symbotic from an "outperform" rating to a "market perform" rating in a report on Thursday, February 6th. BWS Financial reaffirmed a "sell" rating and issued a $10.00 target price on shares of Symbotic in a research report on Wednesday, April 2nd. UBS Group decreased their target price on Symbotic from $32.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Citigroup decreased their target price on Symbotic from $37.00 to $29.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $60.00 target price on shares of Symbotic in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $37.20.

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.