Symbotic Inc. (NASDAQ:SYM) Director Todd Krasnow Sells 2,000 Shares

Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Todd Krasnow sold 2,000 shares of the company's stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $42.20, for a total transaction of $84,400.00. Following the sale, the director now directly owns 10,447 shares of the company's stock, valued at approximately $440,863.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Todd Krasnow also recently made the following trade(s):

• On Friday, March 1st, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $39.39, for a total transaction of $78,780.00.
• On Monday, February 5th, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $51.50, for a total transaction of $103,000.00.

Symbotic Trading Up 1.7 %

Shares of SYM traded up $0.77 during trading hours on Tuesday, reaching $46.00. The stock had a trading volume of 415,279 shares, compared to its average volume of 1,504,758. Symbotic Inc. has a 12 month low of $22.40 and a 12 month high of $64.14. The firm has a 50-day simple moving average of $44.02 and a 200 day simple moving average of $43.53. The company has a market capitalization of $26.54 billion, a price-to-earnings ratio of -166.93 and a beta of 1.91.

Symbotic (NASDAQ:SYM - Get Free Report) last issued its earnings results on Monday, February 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. Symbotic had a negative return on equity of 35.06% and a negative net margin of 1.39%. The company had revenue of $368.45 million for the quarter, compared to analysts' expectations of $370.28 million. On average, equities analysts forecast that Symbotic Inc. will post -0.02 EPS for the current year.

Hedge Funds Weigh In On Symbotic

Several large investors have recently bought and sold shares of SYM. Van ECK Associates Corp bought a new stake in shares of Symbotic during the 4th quarter worth $26,000. National Bank of Canada FI raised its stake in shares of Symbotic by 66.7% during the 3rd quarter. National Bank of Canada FI now owns 1,000 shares of the company's stock worth $35,000 after purchasing an additional 400 shares during the period. Providence Capital Advisors LLC bought a new stake in shares of Symbotic during the 3rd quarter worth $33,000. Pingora Partners LLC bought a new stake in shares of Symbotic during the 4th quarter worth $51,000. Finally, Centerpoint Advisors LLC bought a new stake in shares of Symbotic during the 4th quarter worth $62,000.

Analysts Set New Price Targets

A number of research firms have recently commented on SYM. DA Davidson raised shares of Symbotic from a "neutral" rating to a "buy" rating and set a $50.00 target price for the company in a report on Wednesday, February 7th. Robert W. Baird dropped their target price on shares of Symbotic from $54.00 to $52.00 and set an "outperform" rating for the company in a report on Tuesday, February 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $60.00 price objective on shares of Symbotic in a research note on Tuesday, February 6th. William Blair reaffirmed a "market perform" rating on shares of Symbotic in a research note on Tuesday, February 6th. Finally, KeyCorp lowered their price objective on Symbotic from $63.00 to $55.00 and set an "overweight" rating for the company in a research note on Tuesday, February 6th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Symbotic presently has an average rating of "Moderate Buy" and a consensus price target of $52.85.

About Symbotic

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.