Insider Selling: Symbotic (NASDAQ:SYM) Director Sells $116,520.00 in Stock

Symbotic Inc. (NASDAQ:SYM) Director Charles Kane sold 2,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $58.26, for a total transaction of $116,520.00. Following the completion of the sale, the director directly owned 89,852 shares in the company, valued at $5,234,777.52. This represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles Kane also recently made the following trade(s):

• On Wednesday, April 1st, Charles Kane sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $53.74, for a total transaction of $107,480.00.
• On Monday, March 9th, Charles Kane sold 4,000 shares of Symbotic stock. The stock was sold at an average price of $47.86, for a total transaction of $191,440.00.

Symbotic Price Performance

NASDAQ:SYM opened at $56.43 on Friday. The firm’s 50-day moving average price is $54.84 and its 200-day moving average price is $60.63. The company has a market capitalization of $33.98 billion, a PE ratio of -1,128.37, a P/E/G ratio of 6.13 and a beta of 2.03. Symbotic Inc. has a 1-year low of $23.59 and a 1-year high of $87.88.

Symbotic (NASDAQ:SYM) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.11). Symbotic had a negative net margin of 0.20% and a negative return on equity of 0.79%. The firm had revenue of $676.48 million for the quarter, compared to analysts’ expectations of $662.66 million. During the same period last year, the company posted ($0.04) earnings per share. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. Equities analysts anticipate that Symbotic Inc. will post 0.33 EPS for the current fiscal year.

Institutional Trading of Symbotic

A number of institutional investors have recently made changes to their positions in the stock. MAI Capital Management lifted its stake in shares of Symbotic by 833.3% in the 3rd quarter. MAI Capital Management now owns 560 shares of the company’s stock worth $30,000 after purchasing an additional 500 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Symbotic by 100.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 536 shares of the company’s stock worth $32,000 after purchasing an additional 268 shares during the period. Quarry LP bought a new position in shares of Symbotic in the 4th quarter worth approximately $36,000. Parallel Advisors LLC lifted its stake in shares of Symbotic by 67.3% in 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. Finally, Ameriflex Group Inc. lifted its stake in shares of Symbotic by 1,500.0% in the 3rd quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock worth $38,000 after purchasing an additional 660 shares during the period.

More Symbotic News

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Revenue and cash?flow beat: Q2 revenue rose ~23% Y/Y to ~$676M and adjusted EBITDA roughly doubled to ~$78M — evidence of demand and improving unit economics. Symbotic Reports Q2 FY2026 Results
• Positive Sentiment: Raised revenue guidance: Management issued Q3 revenue guidance of roughly $700M–$720M, above consensus, giving clearer forward visibility. Symbotic Reports Second Quarter Fiscal Year 2026 Results (Yahoo)
• Positive Sentiment: Operational traction and new deployments: Company announced record throughput (>6.5M cases/day), next?gen warehouse tech and the first system deployment with Associated Wholesale Grocers — supporting future revenue growth. SYM Q2 2026 Earnings Transcript (Fool)
• Positive Sentiment: Strategic tech investment: Symbotic led a $60M Series C in Nyobolt to secure ultra?fast power tech for autonomous machines — a strategic move to de?risk future hardware constraints. Nyobolt Series C Led by Symbotic
• Neutral Sentiment: Mixed EPS messaging: Some outlets report adjusted EPS beats while others flag a GAAP EPS miss (conference materials vs. headline metrics differ), creating short?term ambiguity for earnings?focused traders. Q2 Earnings Call Transcript (Seeking Alpha)
• Neutral Sentiment: Insider sales under 10b5?1 plans: Two directors sold small blocks (~2,000 shares each) under pre?arranged plans — typically neutral but can pressure near?term liquidity. Insider Sale Filings (InsiderTrades)
• Negative Sentiment: Valuation and profitability risk: despite operational progress, GAAP margins remain slim and the shares trade at a high multiple — the stock is sensitive to execution and margin improvement expectations. Some headlines framed EPS as a miss vs. consensus, which likely drove selling. Earnings Coverage and Analysis (Yahoo)

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays increased their price objective on shares of Symbotic from $42.00 to $44.00 and gave the company an “underweight” rating in a research report on Monday, March 16th. DA Davidson raised shares of Symbotic from a “neutral” rating to a “buy” rating and raised their price target for the company from $57.00 to $70.00 in a report on Wednesday, April 15th. Zacks Research raised shares of Symbotic from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. UBS Group set a $70.00 price target on shares of Symbotic in a report on Wednesday, February 18th. Finally, Wall Street Zen downgraded shares of Symbotic from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Symbotic presently has a consensus rating of “Hold” and an average price target of $65.62.

About Symbotic

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.