Symbotic Inc. (NASDAQ:SYM – Get Free Report) insider William Boyd III sold 9,194 shares of Symbotic stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $41.04, for a total transaction of $377,321.76. Following the completion of the transaction, the insider owned 57,112 shares of the company’s stock, valued at $2,343,876.48. This trade represents a 13.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Symbotic Price Performance
NASDAQ SYM opened at $40.34 on Thursday. The firm has a market cap of $24.31 billion, a PE ratio of -806.64, a price-to-earnings-growth ratio of 6.24 and a beta of 1.93. Symbotic Inc. has a one year low of $38.19 and a one year high of $87.88. The stock’s 50 day simple moving average is $43.81 and its 200 day simple moving average is $51.77.
Symbotic (NASDAQ:SYM – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). Symbotic had a negative net margin of 0.20% and a negative return on equity of 0.68%. The business had revenue of $676.48 million for the quarter, compared to analyst estimates of $662.65 million. During the same period in the prior year, the business earned ($0.04) earnings per share. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, equities analysts expect that Symbotic Inc. will post 0.23 earnings per share for the current year.
Hedge Funds Weigh In On Symbotic
Trending Headlines about Symbotic
Here are the key news stories impacting Symbotic this week:
- Positive Sentiment: Symbotic’s latest quarterly revenue rose 23.1% year over year to approximately $676.5 million, exceeding analyst expectations of about $662.7 million. Several analysts still maintain Buy ratings, with the consensus price target substantially above the current trading level. Symbotic’s Earnings Beat Reignites Upside Talk
- Positive Sentiment: Large institutional investors, including Vanguard, JPMorgan Chase and Morgan Stanley, increased their Symbotic positions in the latest reported quarter, suggesting continued long-term institutional interest.
- Neutral Sentiment: Maria Freve sold 2,244 shares for roughly $90,000, while CTO James Kuffner and SVP Brian Alexander also reported sales. The filings said the transactions were intended to cover tax withholding obligations related to vested equity awards, reducing their significance as a signal of deteriorating business confidence. Symbotic Insider Transaction
- Negative Sentiment: The company’s latest earnings per share came in at $0.01, below the $0.12 consensus estimate. Symbotic also reported a slightly negative net margin and return on equity, reinforcing concerns that strong revenue growth has not yet translated into consistent profitability.
- Negative Sentiment: Recent research actions have become more cautious: Goldman Sachs lowered its price target and retained a Sell rating, while Zacks Research downgraded the stock to Strong Sell. The consensus rating remains Hold despite several Buy recommendations.
- Negative Sentiment: Multiple insider sales disclosed over the past several days added to selling pressure, even though most were linked to tax obligations. The stock’s elevated valuation relative to current earnings and high volatility may also be prompting investors to reduce exposure.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on SYM shares. Zacks Research downgraded shares of Symbotic from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. DA Davidson restated a “buy” rating and issued a $70.00 price objective on shares of Symbotic in a research report on Monday, May 11th. The Goldman Sachs Group dropped their target price on shares of Symbotic from $54.00 to $45.00 and set a “sell” rating for the company in a research note on Tuesday, May 26th. Finally, Weiss Ratings lowered shares of Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Symbotic has an average rating of “Hold” and a consensus target price of $66.50.
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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