Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Todd Krasnow sold 4,000 shares of Symbotic stock in a transaction on Monday, July 7th. The stock was sold at an average price of $46.48, for a total value of $185,920.00. Following the completion of the sale, the director directly owned 189,036 shares of the company's stock, valued at approximately $8,786,393.28. The trade was a 2.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Todd Krasnow also recently made the following trade(s):
- On Wednesday, June 11th, Todd Krasnow sold 4,000 shares of Symbotic stock. The stock was sold at an average price of $29.65, for a total value of $118,600.00.
- On Tuesday, May 27th, Todd Krasnow sold 4,000 shares of Symbotic stock. The stock was sold at an average price of $30.63, for a total value of $122,520.00.
- On Tuesday, May 13th, Todd Krasnow sold 5,940 shares of Symbotic stock. The stock was sold at an average price of $26.38, for a total value of $156,697.20.
- On Tuesday, May 13th, Todd Krasnow sold 4,060 shares of Symbotic stock. The stock was sold at an average price of $26.40, for a total value of $107,184.00.
Symbotic Stock Performance
Shares of Symbotic stock traded down $0.75 during trading hours on Friday, hitting $47.06. The company's stock had a trading volume of 1,817,843 shares, compared to its average volume of 2,049,490. The business has a 50 day moving average price of $32.04 and a two-hundred day moving average price of $26.89. Symbotic Inc. has a 12-month low of $16.32 and a 12-month high of $49.86. The company has a market cap of $27.75 billion, a PE ratio of -1,176.50, a PEG ratio of 49.12 and a beta of 2.03.
Symbotic (NASDAQ:SYM - Get Free Report) last posted 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 analysts' expectations of $522.36 million. Symbotic had a negative return on equity of 1.26% and a negative net margin of 0.23%. Symbotic's quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. As a group, research analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current year.
Institutional Investors Weigh In On Symbotic
A number of hedge funds have recently made changes to their positions in SYM. GAMMA Investing LLC lifted its position in shares of Symbotic by 1,812.2% in the first quarter. GAMMA Investing LLC now owns 1,415 shares of the company's stock worth $29,000 after buying an additional 1,341 shares in the last quarter. Ulland Investment Advisors LLC purchased a new stake in shares of Symbotic in the first quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Symbotic during the fourth quarter worth approximately $47,000. CWM LLC raised its position in Symbotic by 408.2% during the first quarter. CWM LLC now owns 2,602 shares of the company's stock valued at $53,000 after purchasing an additional 2,090 shares during the period. Finally, AlphaQuest LLC raised its position in Symbotic by 318.5% during the first quarter. AlphaQuest LLC now owns 2,800 shares of the company's stock valued at $57,000 after purchasing an additional 2,131 shares during the period.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on SYM. Arete Research upgraded Symbotic to a "strong-buy" rating and set a $50.00 price target on the stock in a research note on Wednesday, June 25th. Citigroup dropped their price target on Symbotic from $37.00 to $29.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. BWS Financial reiterated a "sell" rating and set a $10.00 target price on shares of Symbotic in a research report on Wednesday, April 2nd. Arete initiated coverage on Symbotic in a report on Wednesday, June 25th. They set a "buy" rating and a $50.00 price target for the company. Finally, Northland Securities boosted their price target on Symbotic from $35.00 to $56.00 and gave the company an "outperform" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Symbotic currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.59.
Check Out Our Latest Analysis on SYM
About Symbotic
(
Get Free Report)
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.
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