Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Reduces Stake in Symbotic Inc. $SYM

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna reduced its stake in Symbotic Inc. (NASDAQ:SYM) by 43.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,175 shares of the company’s stock after selling 34,050 shares during the quarter. Symbotic makes up approximately 1.0% of Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s investment portfolio, making the stock its 25th largest position. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Symbotic were worth $2,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in SYM. Havemeyer Place LP purchased a new position in Symbotic in the fourth quarter worth approximately $556,000. Parallel Advisors LLC grew its position in Symbotic by 67.3% in the fourth quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock worth $37,000 after acquiring an additional 249 shares during the period. Verus Capital Partners LLC purchased a new position in Symbotic in the fourth quarter worth approximately $220,000. CIBC Asset Management Inc acquired a new position in shares of Symbotic in the 4th quarter valued at $260,000. Finally, Black Swift Group LLC acquired a new position in shares of Symbotic in the 4th quarter valued at $1,971,000.

Insider Activity

In related news, SVP Brian Daniel Alexander sold 37,860 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $59.97, for a total transaction of $2,270,464.20. Following the transaction, the senior vice president owned 44,229 shares of the company’s stock, valued at approximately $2,652,413.13. This represents a 46.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO James Kuffner sold 19,729 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $59.82, for a total value of $1,180,188.78. Following the transaction, the chief technology officer directly owned 179,255 shares in the company, valued at approximately $10,723,034.10. The trade was a 9.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 153,845 shares of company stock worth $8,601,544 in the last quarter. Insiders own 8.16% of the company’s stock.

Symbotic Trading Down 7.2%

SYM opened at $44.02 on Friday. The stock’s 50-day moving average price is $53.78 and its 200 day moving average price is $57.67. Symbotic Inc. has a 12-month low of $27.26 and a 12-month high of $87.88. The firm has a market cap of $26.53 billion, a price-to-earnings ratio of -880.22, a PEG ratio of 6.49 and a beta of 1.91.

Symbotic (NASDAQ:SYM) last posted its 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 return on equity of 0.68% and a negative net margin of 0.20%.The firm had revenue of $676.48 million for the quarter, compared to analyst estimates of $662.66 million. During the same period in the previous year, the company posted ($0.04) EPS. Symbotic’s revenue was up 23.1% on a year-over-year basis. On average, research analysts forecast that Symbotic Inc. will post 0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays upped their price target on Symbotic from $42.00 to $44.00 and gave the company an “underweight” rating in a research note on Monday, March 16th. Wall Street Zen lowered Symbotic from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. UBS Group set a $70.00 price target on Symbotic in a research note on Wednesday, February 18th. Zacks Research raised Symbotic from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group decreased their price target on Symbotic from $54.00 to $45.00 and set a “sell” rating on the stock in a research note on Tuesday, May 26th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $65.23.

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.