47,540 Shares in Symbotic Inc. (NASDAQ:SYM) Bought by PDT Partners LLC

PDT Partners LLC purchased a new stake in shares of Symbotic Inc. (NASDAQ:SYM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 47,540 shares of the company's stock, valued at approximately $1,127,000.

Several other hedge funds have also bought and sold shares of the business. IFP Advisors Inc increased its holdings in shares of Symbotic by 58.2% during the fourth quarter. IFP Advisors Inc now owns 1,368 shares of the company's stock valued at $32,000 after acquiring an additional 503 shares in the last quarter. Private Trust Co. NA bought a new stake in Symbotic during the 4th quarter valued at about $47,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Symbotic in the fourth quarter worth about $47,000. Jones Financial Companies Lllp lifted its stake in shares of Symbotic by 154.1% in the fourth quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company's stock worth $58,000 after buying an additional 1,490 shares in the last quarter. Finally, MCF Advisors LLC purchased a new stake in shares of Symbotic during the fourth quarter valued at approximately $85,000.

Insider Buying and Selling at Symbotic

In other news, insider William M. Boyd III sold 2,660 shares of Symbotic stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.60, for a total transaction of $73,416.00. Following the sale, the insider now owns 40,812 shares in the company, valued at $1,126,411.20. This trade represents a 6.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Carol J. Hibbard sold 4,055 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $30.70, for a total transaction of $124,488.50. Following the transaction, the chief financial officer now owns 44,386 shares of the company's stock, valued at approximately $1,362,650.20. This represents a 8.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,721 shares of company stock valued at $1,772,384 over the last ninety days. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SYM shares. DA Davidson raised Symbotic from a "neutral" rating to a "buy" rating and set a $35.00 price objective on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on shares of Symbotic from $25.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. BWS Financial reissued a "sell" rating and set a $10.00 price objective on shares of Symbotic in a report on Wednesday, April 2nd. Raymond James cut shares of Symbotic from an "outperform" rating to a "market perform" rating in a report on Thursday, February 6th. Finally, Northland Securities boosted their target price on shares of Symbotic from $35.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. One research 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's stock. According to MarketBeat, Symbotic presently has an average rating of "Hold" and a consensus target price of $37.20.

Symbotic Price Performance

Shares of SYM stock traded down $0.17 during trading hours on Monday, reaching $22.89. 772,753 shares of the company traded hands, compared to its average volume of 1,932,472. The firm has a 50-day moving average price of $21.20 and a 200 day moving average price of $25.90. The company has a market cap of $13.47 billion, a P/E ratio of -326.98, a P/E/G ratio of 6.48 and a beta of 1.86. Symbotic Inc. has a 12-month low of $16.32 and a 12-month high of $48.98.

Symbotic (NASDAQ:SYM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. Symbotic had a negative net margin of 0.38% and a positive return on equity of 5.11%. Sell-side analysts predict that Symbotic Inc. will post 0.13 EPS for the current year.

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.