Todd Krasnow Sells 3,367 Shares of Symbotic (NASDAQ:SYM) Stock

Symbotic Inc. (NASDAQ:SYM) Director Todd Krasnow sold 3,367 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $51.00, for a total transaction of $171,717.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 6th, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $43.92, for a total transaction of $87,840.00.
• On Monday, June 1st, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $47.30, for a total value of $94,600.00.
• On Friday, May 22nd, Todd Krasnow sold 19,655 shares of Symbotic stock. The stock was 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 shares were 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 shares were sold at an average price of $57.61, for a total value of $115,220.00.

Symbotic Price Performance

Shares of SYM traded up $0.37 during midday trading on Wednesday, reaching $41.69. The stock had a trading volume of 2,055,984 shares, compared to its average volume of 1,926,618. Symbotic Inc. has a 52 week low of $38.19 and a 52 week high of $87.88. The firm’s 50 day moving average price is $47.48 and its 200-day moving average price is $54.04. The company has a market capitalization of $25.13 billion, a P/E ratio of -833.63, a P/E/G ratio of 6.56 and a beta of 1.93.

Symbotic (NASDAQ:SYM) last announced its earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.11). The firm had revenue of $676.48 million for the quarter, compared to the consensus estimate of $662.65 million. Symbotic had a negative net margin of 0.20% and a negative return on equity of 0.68%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) EPS. On average, equities analysts forecast that Symbotic Inc. will post 0.23 earnings per share for the current year.

Hedge Funds Weigh In On Symbotic

A number of hedge funds and other institutional investors have recently modified their holdings of SYM. 180 Wealth Advisors LLC raised its holdings in Symbotic by 3.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 61,717 shares of the company’s stock worth $2,774,000 after buying an additional 2,116 shares during the period. Western Wealth Management LLC acquired a new position in shares of Symbotic in the first quarter worth about $113,000. Centaurus Financial Inc. boosted its holdings in shares of Symbotic by 62.1% in the first quarter. Centaurus Financial Inc. now owns 2,814 shares of the company’s stock worth $150,000 after buying an additional 1,078 shares during the period. Amundi increased its position in shares of Symbotic by 68.5% in the first quarter. Amundi now owns 108,553 shares of the company’s stock worth $5,775,000 after acquiring an additional 44,132 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Symbotic by 25.2% in the first quarter. California State Teachers Retirement System now owns 55,871 shares of the company’s stock worth $2,972,000 after acquiring an additional 11,260 shares in the last quarter.

Key Symbotic News

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Symbotic from $42.00 to $44.00 and gave the stock an “underweight” rating in a research note on Monday, March 16th. Weiss Ratings lowered shares of Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. 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. Finally, DA Davidson restated a “buy” rating and issued a $70.00 price target on shares of Symbotic in a research report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.