Symbotic (NASDAQ:SYM) Shares Up 3.4% - Here's What Happened

Key Points

• Shares rose 3.4% to $50.24 on Monday (volume ~1.9M), leaving Symbotic with a $30.25B market cap and a consensus analyst rating of Hold with an average target of $60.57 while the stock trades below its 50- and 200-day moving averages (~$59.74/$60.71).
• Earnings mixed: Symbotic missed EPS estimates ($0.02 vs. $0.08 expected) but beat revenue ($629.99M vs. $622.58M), with revenue up 29.4% YoY despite a negative net margin and negative return on equity.
• Insider selling notable: Insiders sold 186,533 shares (~$11.14M) over the past 90 days (insiders own 8.16%), including recent director and executive sales disclosed via SEC filings.

Symbotic Inc. (NASDAQ:SYM - Get Free Report)'s stock price traded up 3.4% during trading on Monday . The stock traded as high as $50.28 and last traded at $50.24. 1,902,564 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 1,924,402 shares. The stock had previously closed at $48.61.

Analyst Ratings Changes

Several brokerages have recently issued reports on SYM. Citigroup reiterated an "outperform" rating on shares of Symbotic in a research note on Thursday, February 5th. Barclays increased their price target on Symbotic from $41.00 to $42.00 and gave the stock an "underweight" rating in a research note on Monday, January 12th. Wall Street Zen downgraded shares of Symbotic from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Northland Securities set a $73.00 price objective on shares of Symbotic in a research report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Symbotic from $55.00 to $63.00 and gave the stock a "hold" rating in a research report on Tuesday, November 25th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $60.57.

Symbotic Trading Up 3.4%

The stock has a market cap of $30.25 billion, a price-to-earnings ratio of -502.35, a price-to-earnings-growth ratio of 4.87 and a beta of 2.13. The business's fifty day simple moving average is $59.74 and its 200 day simple moving average is $60.71.

Symbotic (NASDAQ:SYM - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.06). Symbotic had a negative return on equity of 1.88% and a negative net margin of 0.45%.The firm had revenue of $629.99 million for the quarter, compared to analyst estimates of $622.58 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. Symbotic's quarterly revenue was up 29.4% on a year-over-year basis. As a group, research analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current year.

Insider Activity at Symbotic

In other Symbotic news, Director Todd Krasnow sold 4,000 shares of the business's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $53.73, for a total transaction of $214,920.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William M. Boyd III sold 15,000 shares of the business's stock in a transaction on Monday, January 5th. The stock was sold at an average price of $69.00, for a total value of $1,035,000.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 186,533 shares of company stock worth $11,137,335. 8.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SYM. Centerpoint Advisors LLC raised its position in shares of Symbotic by 16.7% in the 3rd quarter. Centerpoint Advisors LLC now owns 1,400 shares of the company's stock worth $75,000 after purchasing an additional 200 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in Symbotic by 5.2% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,493 shares of the company's stock valued at $267,000 after buying an additional 224 shares in the last quarter. Barton Investment Management lifted its stake in shares of Symbotic by 0.8% during the 4th quarter. Barton Investment Management now owns 30,658 shares of the company's stock worth $1,824,000 after purchasing an additional 233 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Symbotic by 2.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 11,375 shares of the company's stock worth $677,000 after purchasing an additional 236 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in Symbotic by 67.3% during the 4th quarter. Parallel Advisors LLC now owns 619 shares of the company's stock worth $37,000 after purchasing an additional 249 shares during the period.

Symbotic Company Profile

Symbotic Inc NASDAQ: SYM is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.

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