Symbotic (NASDAQ:SYM) Director Todd Krasnow Sells 2,000 Shares of Stock

Symbotic Inc. (NASDAQ:SYM) Director Todd Krasnow sold 2,000 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $43.92, for a total transaction of $87,840.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 21st, Todd Krasnow sold 3,367 shares of Symbotic stock. The shares were sold at an average price of $51.00, for a total transaction of $171,717.00.
• On Monday, June 1st, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $47.30, for a total transaction of $94,600.00.
• On Friday, May 22nd, Todd Krasnow sold 19,655 shares of Symbotic stock. The shares were sold at an average price of $53.73, for a total value of $1,056,063.15.
• On Friday, May 22nd, Todd Krasnow sold 6,978 shares of Symbotic stock. The shares were sold at an average price of $52.12, for a total value of $363,693.36.
• On Monday, May 11th, Todd Krasnow sold 25,422 shares of Symbotic stock. The stock was sold at an average price of $52.45, for a total value of $1,333,383.90.
• On Monday, May 4th, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $57.61, for a total value of $115,220.00.

Symbotic Stock Up 0.9%

Shares of SYM stock traded up $0.37 during trading on Wednesday, reaching $41.69. 2,055,984 shares of the company’s stock were exchanged, compared to its average volume of 1,926,618. Symbotic Inc. has a twelve month low of $38.19 and a twelve month high of $87.88. The firm’s fifty day moving average price is $47.48 and its 200-day moving average price is $54.04. The stock has a market capitalization of $25.13 billion, a PE ratio of -833.63, a PEG ratio of 6.56 and a beta of 1.93.

Symbotic (NASDAQ:SYM) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (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 0.68%. The business had revenue of $676.48 million for the quarter, compared to analyst estimates of $662.65 million. During the same period in the prior year, the business earned ($0.04) EPS. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, analysts anticipate that Symbotic Inc. will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Symbotic

A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Symbotic by 28.8% in the first quarter. Royal Bank of Canada now owns 84,856 shares of the company’s stock valued at $1,714,000 after acquiring an additional 18,967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Symbotic by 15.0% in the 1st 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 purchasing an additional 11,098 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Symbotic during the 2nd quarter worth approximately $804,000. Invesco Ltd. grew its position in shares of Symbotic by 33.2% during the 2nd quarter. Invesco Ltd. now owns 304,207 shares of the company’s stock worth $11,818,000 after purchasing an additional 75,828 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new position in shares of Symbotic during the second quarter worth approximately $267,000.

Wall Street Analyst Weigh In

Several analysts recently commented on SYM shares. The Goldman Sachs Group reduced their target price on shares of Symbotic from $54.00 to $45.00 and set a “sell” rating for the company in a report on Tuesday, May 26th. DA Davidson restated a “buy” rating and set a $70.00 price objective on shares of Symbotic in a research report on Monday, May 11th. Barclays boosted their price objective on Symbotic from $42.00 to $44.00 and gave the stock an “underweight” rating in a report on Monday, March 16th. Finally, Weiss Ratings downgraded Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, Symbotic has a consensus rating of “Hold” and a consensus price target of $65.23.

Trending Headlines about Symbotic

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Analysts and recent commentary continue to argue that Symbotic could be undervalued relative to its warehouse automation growth narrative, with some articles saying the stock still looks cheap after a long run. Symbotic (SYM) Stock Still Looks Cheap Following Its 315% Run
• Neutral Sentiment: Research notes highlight mixed views on the stock, including a Hold-style rating from Zacks and a broader analyst consensus that remains around Hold despite several buy ratings. Symbotic (SYM) Could Be 32% Undervalued On Its Warehouse Automation Narrative
• Negative Sentiment: Recent insider sales from multiple directors may be read as a lack of near-term confidence, adding to pressure on the shares. Symbotic (NASDAQ:SYM) Director Sells 2,000 Shares

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.