Symbotic Inc. (NASDAQ:SYM – Get Free Report) Director Todd Krasnow sold 25,422 shares of Symbotic stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $52.45, for a total value of $1,333,383.90. Following the completion of the transaction, the director directly owned 182,036 shares in the company, valued at $9,547,788.20. This represents a 12.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Todd Krasnow also recently made the following trade(s):
- 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 transaction of $115,220.00.
- On Monday, April 6th, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $53.27, for a total transaction of $106,540.00.
- On Monday, March 9th, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $47.70, for a total transaction of $95,400.00.
Symbotic Stock Down 3.1%
Shares of SYM stock traded down $1.59 during trading hours on Wednesday, reaching $49.73. 2,203,241 shares of the stock traded hands, compared to its average volume of 1,693,412. The firm has a market capitalization of $29.95 billion, a PE ratio of -994.40, a PEG ratio of 5.18 and a beta of 2.03. Symbotic Inc. has a 1-year low of $26.03 and a 1-year high of $87.88. The business has a fifty day moving average price of $54.58 and a 200 day moving average price of $60.28.
Wall Street Analysts Forecast Growth
SYM has been the subject of several recent analyst reports. Citigroup reaffirmed an “outperform” rating on shares of Symbotic in a research report on Thursday, February 5th. UBS Group set a $70.00 price target on Symbotic in a research report on Wednesday, February 18th. Wall Street Zen lowered Symbotic from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Northland Securities set a $73.00 target price on Symbotic in a research note on Thursday, February 5th. Finally, Barclays upped their target price on Symbotic from $42.00 to $44.00 and gave the company an “underweight” rating in a report on Monday, March 16th. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.62.
Check Out Our Latest Stock Analysis on SYM
Hedge Funds Weigh In On Symbotic
A number of hedge funds have recently modified their holdings of the stock. Grove Street Fiduciary LLC raised its stake in shares of Symbotic by 314.4% during the 3rd quarter. Grove Street Fiduciary LLC now owns 35,000 shares of the company’s stock worth $1,886,000 after purchasing an additional 26,555 shares in the last quarter. Mutual Advisors LLC bought a new stake in shares of Symbotic in the 3rd quarter valued at approximately $1,919,000. Vanguard Group Inc. grew its stake in shares of Symbotic by 47.6% in the 4th quarter. Vanguard Group Inc. now owns 6,932,158 shares of the company’s stock valued at $412,463,000 after buying an additional 2,237,137 shares in the last quarter. ARK Investment Management LLC increased its holdings in Symbotic by 32.4% in the third quarter. ARK Investment Management LLC now owns 589,887 shares of the company’s stock worth $31,795,000 after buying an additional 144,389 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in Symbotic by 1,108.8% in the fourth quarter. M&T Bank Corp now owns 330,882 shares of the company’s stock worth $19,687,000 after buying an additional 303,510 shares during the last quarter.
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.
Further Reading
- Five stocks we like better than Symbotic
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
Receive News & Ratings for Symbotic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symbotic and related companies with MarketBeat.com's FREE daily email newsletter.
