Symbotic Inc. (NASDAQ:SYM) Director Sells $122,520.00 in Stock

Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Todd Krasnow sold 4,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $30.63, for a total transaction of $122,520.00. Following the sale, the director now directly owns 189,036 shares in the company, valued at $5,790,172.68. The trade was a 2.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, May 13th, Todd Krasnow sold 5,940 shares of Symbotic stock. The shares were sold at an average price of $26.38, for a total transaction of $156,697.20.
• On Tuesday, May 13th, Todd Krasnow sold 4,060 shares of Symbotic stock. The shares were sold at an average price of $26.40, for a total transaction of $107,184.00.
• On Friday, April 4th, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $17.51, for a total transaction of $35,020.00.

Symbotic Stock Performance

SYM traded down $0.38 during trading on Friday, reaching $28.56. The stock had a trading volume of 1,150,460 shares, compared to its average volume of 1,943,459. The stock has a market cap of $16.84 billion, a PE ratio of -407.94, a PEG 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 $41.76. The business has a 50-day moving average of $23.18 and a 200-day moving average of $25.48.

Symbotic (NASDAQ:SYM - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.09). The firm had revenue of $549.65 million during the quarter, compared to the consensus estimate of $522.36 million. Symbotic had a negative net margin of 0.38% and a positive return on equity of 5.11%. The firm's revenue was up 39.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) EPS. Equities research analysts forecast that Symbotic Inc. will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Symbotic by 15.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 84,899 shares of the company's stock valued at $1,716,000 after acquiring an additional 11,098 shares during the last quarter. S Squared Technology LLC boosted its position in Symbotic by 6.7% during the first quarter. S Squared Technology LLC now owns 480,000 shares of the company's stock valued at $9,701,000 after buying an additional 30,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Symbotic by 16.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,343,902 shares of the company's stock valued at $27,155,000 after buying an additional 187,538 shares during the period. Advisors Asset Management Inc. boosted its position in Symbotic by 36.7% during the first quarter. Advisors Asset Management Inc. now owns 35,261 shares of the company's stock valued at $713,000 after buying an additional 9,459 shares during the period. Finally, Amundi boosted its position in Symbotic by 53.0% during the first quarter. Amundi now owns 72,192 shares of the company's stock valued at $1,459,000 after buying an additional 24,993 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SYM. Cantor Fitzgerald reissued an "overweight" rating and set a $60.00 target price on shares of Symbotic in a report on Thursday, February 6th. BWS Financial reaffirmed a "sell" rating and issued a $10.00 price target 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. UBS Group decreased their price target on shares of Symbotic from $32.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, Citigroup decreased their price target on shares of Symbotic from $37.00 to $29.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Symbotic currently has an average rating of "Hold" and an average target price of $37.20.

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.