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

Symbotic Inc. (NASDAQ:SYMGet Free Report) Director Todd Krasnow sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $47.30, for a total transaction of $94,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 transaction 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 transaction 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 transaction 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 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 Price Performance

NASDAQ SYM opened at $47.41 on Friday. Symbotic Inc. has a 1 year low of $27.26 and a 1 year high of $87.88. The firm has a market cap of $28.57 billion, a price-to-earnings ratio of -948.01, a PEG ratio of 6.96 and a beta of 1.91. The company has a fifty day moving average price of $53.96 and a 200-day moving average price of $57.76.

Symbotic (NASDAQ:SYMGet Free Report) 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 during the quarter, compared to the consensus estimate of $662.66 million. During the same quarter in the previous year, the company earned ($0.04) EPS. The business’s revenue was up 23.1% compared to the same quarter last year. On average, research analysts anticipate that Symbotic Inc. will post 0.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group set a $70.00 price objective on shares of Symbotic in a report on Wednesday, February 18th. DA Davidson reaffirmed a “buy” rating and set a $70.00 price objective on shares of Symbotic in a report on Monday, May 11th. Weiss Ratings downgraded shares of Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Northland Securities set a $73.00 price objective on shares of Symbotic in a report on Thursday, February 5th. Finally, The Goldman Sachs Group dropped their price objective on shares of Symbotic from $54.00 to $45.00 and set a “sell” rating on the stock in a report on Tuesday, May 26th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $65.23.

View Our Latest Report on Symbotic

Institutional Investors Weigh In On Symbotic

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its stake in shares of Symbotic by 100.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 536 shares of the company’s stock worth $32,000 after acquiring an additional 268 shares in the last quarter. MAI Capital Management raised its stake in shares of Symbotic by 833.3% during the third quarter. MAI Capital Management now owns 560 shares of the company’s stock worth $30,000 after acquiring an additional 500 shares in the last quarter. Quarry LP purchased a new position in shares of Symbotic during the fourth quarter worth approximately $36,000. Parallel Advisors LLC raised its stake 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 acquiring an additional 249 shares in the last quarter. Finally, Ameriflex Group Inc. raised its stake in shares of Symbotic by 1,500.0% during the third quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock worth $38,000 after acquiring an additional 660 shares in the last quarter.

About Symbotic

(Get Free Report)

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

Insider Buying and Selling by Quarter for Symbotic (NASDAQ:SYM)

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