Symbotic Inc. (NASDAQ:SYM – Get Free Report) insider William Boyd III sold 5,115 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $45.15, for a total value of $230,942.25. Following the transaction, the insider owned 57,112 shares in the company, valued at $2,578,606.80. This trade represents a 8.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Symbotic Price Performance
Shares of SYM opened at $41.32 on Wednesday. Symbotic Inc. has a 1 year low of $38.19 and a 1 year high of $87.88. The stock has a 50 day simple moving average of $47.48 and a two-hundred day simple moving average of $54.04. The firm has a market cap of $24.90 billion, a P/E ratio of -826.23, a P/E/G ratio of 6.56 and a beta of 1.93.
Symbotic (NASDAQ:SYM – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 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 business had revenue of $676.48 million for the quarter, compared to analysts’ expectations of $662.65 million. During the same period last year, the business posted ($0.04) earnings per share. The company’s revenue was up 23.1% compared to the same quarter last year. On average, equities analysts anticipate that Symbotic Inc. will post 0.23 earnings per share for the current year.
Institutional Investors Weigh In On Symbotic
Trending Headlines about Symbotic
Here are the key news stories impacting Symbotic this week:
- Positive Sentiment: One recent note argued that Symbotic (SYM) could be meaningfully undervalued based on its warehouse automation growth story, with Zacks keeping a Hold rating and some analysts still seeing long-term upside. Article: Symbotic (SYM) Could Be 32% Undervalued On Its Warehouse Automation Narrative
- Neutral Sentiment: Analysts remain divided on Symbotic: the stock has Buy, Hold, and Sell ratings across Wall Street, with an average target price above the current share price, suggesting expectations remain mixed rather than clearly bearish. Source: Symbotic insider trades and analyst data
- Negative Sentiment: Two insiders, including Director Charles Kane and insider William M. Boyd III, sold shares in pre-arranged transactions, which can weigh on sentiment even if the sales were part of Rule 10b5-1 plans. Article: Symbotic (NASDAQ:SYM) Director Sells 2,000 Shares
- Negative Sentiment: The stock also fell sharply after a recent session of broader weakness, reflecting renewed concern that SYM remains well below key moving averages and far off its highs. Article: Symbotic Inc. (SYM) Dips More Than Broader Market: What You Should Know
Analyst Ratings Changes
SYM has been the subject of several analyst reports. Weiss Ratings lowered shares of Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. DA Davidson reiterated a “buy” rating and issued a $70.00 price objective on shares of Symbotic in a report on Monday, May 11th. Barclays boosted their target price on Symbotic from $42.00 to $44.00 and gave the company an “underweight” rating in a research note on Monday, March 16th. Finally, The Goldman Sachs Group dropped their target price on Symbotic from $54.00 to $45.00 and set a “sell” rating for the company in a report on Tuesday, May 26th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.23.
View Our Latest Analysis on Symbotic
About Symbotic
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.
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