Charles Kane Sells 2,000 Shares of Symbotic (NASDAQ:SYM) Stock

Symbotic Inc. (NASDAQ:SYM) Director Charles Kane sold 2,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $43.21, for a total transaction of $86,420.00. Following the sale, the director directly owned 89,852 shares of the company’s stock, valued at $3,882,504.92. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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, July 1st, Charles Kane sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $44.90, for a total transaction of $89,800.00.
• On Monday, June 1st, Charles Kane sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $45.99, for a total transaction of $91,980.00.

Symbotic Trading Down 14.9%

Shares of NASDAQ SYM opened at $39.60 on Friday. The company has a fifty day moving average price of $42.83 and a 200 day moving average price of $50.71. The firm has a market cap of $23.87 billion, a PE ratio of 440.00, a PEG ratio of 6.86 and a beta of 1.94. Symbotic Inc. has a 1-year low of $38.19 and a 1-year high of $87.88.

Symbotic (NASDAQ:SYM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $720.84 million during the quarter, compared to analyst estimates of $715.03 million. Symbotic had a net margin of 0.48% and a return on equity of 1.53%. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) EPS. Equities research analysts forecast that Symbotic Inc. will post 0.23 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on SYM. Weiss Ratings lowered Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. DA Davidson reaffirmed a “buy” rating and set a $70.00 price target on shares of Symbotic in a research note on Monday, May 11th. Robert W. Baird set a $51.00 price target on shares of Symbotic in a research note on Thursday. Zacks Research downgraded shares of Symbotic from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $75.00 price objective on shares of Symbotic in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $65.92.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Federation des caisses Desjardins du Quebec boosted its stake in Symbotic by 5.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,493 shares of the company’s stock valued at $267,000 after purchasing an additional 224 shares during the period. Barton Investment Management increased its position in 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 buying an additional 233 shares during the period. The Manufacturers Life Insurance Company increased its position in Symbotic by 2.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,375 shares of the company’s stock worth $677,000 after buying an additional 236 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Symbotic by 67.3% during the fourth quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock worth $37,000 after buying an additional 249 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Symbotic by 4.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,753 shares of the company’s stock worth $342,000 after buying an additional 266 shares in the last quarter.

Trending Headlines about Symbotic

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Fiscal third-quarter revenue increased 21.7% year over year to approximately $720.8 million, exceeding the $715.0 million analyst consensus. Adjusted EBITDA more than doubled, while the company returned to profitability compared with a loss in the year-ago quarter. Symbotic Q3 Earnings Miss Estimates, Revenues Increase Y/Y
• Positive Sentiment: Symbotic issued fourth-quarter revenue guidance of $760 million to $780 million, broadly in line with the $770.7 million consensus estimate and implying continued sequential growth. Management also highlighted margin gains, product expansion and potential growth inflections in fiscal 2027 and early 2028. SYM Q3 Earnings Call Puts Margin Gains and Expansion in Focus
• Positive Sentiment: Needham reaffirmed its “Buy” rating and assigned a $75 price target, substantially above the referenced trading level, signaling that the firm views the earnings-driven weakness as an opportunity.
• Positive Sentiment: Former Bain Capital co-chair Steve Pagliuca joined Symbotic’s board, potentially adding financial and strategic expertise as the company scales its robotics business. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Several directors sold small amounts of stock through pre-arranged Rule 10b5-1 plans. The transactions have limited signaling value but may modestly affect sentiment.
• Negative Sentiment: Quarterly EPS was $0.09, below the $0.13 consensus estimate. The miss, along with still-thin or inconsistent net margins, likely outweighed the revenue beat and renewed concerns about Symbotic’s ability to convert rapid growth into durable earnings. Symbotic Inc. Misses Q3 Earnings Estimates

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.