Symbotic Inc. (NASDAQ:SYM – Get Free Report) CFO Izilda Martins sold 7,224 shares of the firm’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $38.93, for a total value of $281,230.32. Following the completion of the transaction, the chief financial officer owned 42,732 shares in the company, valued at $1,663,556.76. The trade was a 14.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Symbotic Stock Down 4.0%
SYM stock opened at $37.40 on Friday. The company has a market cap of $22.62 billion, a PE ratio of 433.00, a price-to-earnings-growth ratio of 3.69 and a beta of 1.97. The business has a 50-day simple moving average of $41.39 and a 200 day simple moving average of $48.37. Symbotic Inc. has a 52 week low of $36.47 and a 52 week high of $87.88.
Symbotic (NASDAQ:SYM – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $720.84 million for the quarter, compared to the consensus estimate of $715.03 million. Symbotic had a return on equity of 1.40% and a net margin of 0.48%. The company’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 company earned ($0.05) EPS. On average, analysts anticipate that Symbotic Inc. will post 0.21 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Robert W. Baird set a $51.00 price target on shares of Symbotic in a report on Thursday, August 6th. Needham & Company LLC reduced their price target on shares of Symbotic from C$75.00 to C$60.00 and set a “buy” rating on the stock in a research report on Tuesday, September 15th. Barclays decreased their price objective on shares of Symbotic from $44.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 8th. TD Cowen lowered their price objective on shares of Symbotic from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Finally, Weiss Ratings upgraded shares of Symbotic from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, September 21st. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Symbotic currently has a consensus rating of “Hold” and a consensus target price of $65.83.
More Symbotic News
Here are the key news stories impacting Symbotic this week:
- Positive Sentiment: Walmart and Symbotic will expand automation across 25 U.S. regional distribution centers and explore additional opportunities across Walmart’s global supply chain. The agreement strengthens Symbotic’s relationship with a major anchor customer and could support future revenue, backlog and recurring expansion opportunities. Walmart and Symbotic Expand Commercial Agreement
- Positive Sentiment: Recent commentary argues that warehouse-automation demand and Symbotic’s Walmart-driven growth may be undervalued after the stock’s roughly 40% year-to-date decline. This could encourage bargain hunting, although the thesis depends on continued execution and improving profitability. Symbotic Could Be Undervalued on Warehouse Automation Demand
- Neutral Sentiment: Symbotic will report fourth-quarter and fiscal-year 2026 results after the market close on November 23, followed by a 5:00 p.m. ET webcast. Investors may remain cautious ahead of the report, which should provide updates on growth, margins and the Walmart expansion. Symbotic Announces Fiscal 2026 Results Date
- Negative Sentiment: Multiple executives and insiders, including the CFO, CTO, SVPs and William Boyd III, disclosed stock sales. The filings indicate the transactions were primarily intended to cover tax withholding on vested equity awards, reducing their significance as a confidence signal, but the cluster of sales may weigh on sentiment.
- Negative Sentiment: SYM remains below its 50-day and 200-day moving averages and trades at a very high earnings multiple. Investors are also focused on the company’s previous quarterly EPS miss despite revenue exceeding estimates, increasing sensitivity to execution and profitability risks.
Institutional Trading of Symbotic
Several large investors have recently bought and sold shares of SYM. Mirae Asset Global Investments Co. Ltd. bought a new position in Symbotic in the third quarter valued at about $847,000. Vise Technologies Inc. acquired a new position in Symbotic during the third quarter worth about $270,000. State of Wyoming raised its stake in Symbotic by 15.3% during the third quarter. State of Wyoming now owns 23,533 shares of the company’s stock worth $990,000 after acquiring an additional 3,125 shares in the last quarter. Arta Finance Wealth Management LLC lifted its holdings in shares of Symbotic by 7.4% in the third quarter. Arta Finance Wealth Management LLC now owns 31,382 shares of the company’s stock worth $1,320,000 after acquiring an additional 2,163 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Symbotic by 554.2% in the third quarter. International Assets Investment Management LLC now owns 40,000 shares of the company’s stock worth $1,683,000 after acquiring an additional 33,886 shares during the last quarter.
Symbotic Company Profile
Symbotic Inc is an automation technology company that develops artificial intelligence-enabled robotics and software for supply chain and warehouse operations. Its systems are designed to automate the movement, storage, retrieval and replenishment of pallets and cases within large distribution centers, helping customers manage inventory and fulfill orders more efficiently.
The company’s platform combines mobile robots, automated storage and retrieval systems, robotic palletizing and depalletizing equipment, and warehouse-control software.
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