Symbotic (NASDAQ:SYM) Shares Gap Down After Insider Selling

Posted by Brian Himes on May 28th, 2026

Symbotic Inc. (NASDAQ:SYM – Get Free Report) gapped down prior to trading on Thursday following insider selling activity. The stock had previously closed at $53.63, but opened at $49.00. Symbotic shares last traded at $49.0780, with a volume of 1,875,654 shares changing hands.

Specifically, Director Todd Krasnow sold 19,655 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $53.73, for a total transaction of $1,056,063.15. Following the completion of the transaction, the director owned 177,036 shares in the company, valued at $9,512,144.28. This trade represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Todd Krasnow sold 6,978 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $52.12, for a total value of $363,693.36. Following the completion of the sale, the director owned 3,367 shares in the company, valued at $175,488.04. This represents a 67.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In other Symbotic news, CTO James Kuffner sold 3,878 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $53.51, for a total transaction of $207,511.78. Following the completion of the transaction, the chief technology officer owned 185,126 shares in the company, valued at $9,906,092.26. This trade represents a 2.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen downgraded Symbotic from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. DA Davidson restated a “buy” rating and set a $70.00 price target on shares of Symbotic in a report on Monday, May 11th. Barclays raised their price target on Symbotic from $42.00 to $44.00 and gave the stock an “underweight” rating in a research report on Monday, March 16th. UBS Group set a $70.00 price objective on shares of Symbotic in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group cut their price objective on shares of Symbotic from $54.00 to $45.00 and set a “sell” rating on the stock in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Symbotic presently has a consensus rating of “Hold” and an average target price of $65.23.

Check Out Our Latest Stock Analysis on Symbotic

Symbotic Price Performance

The firm has a market capitalization of $29.80 billion, a PE ratio of -986.60, a price-to-earnings-growth ratio of 7.80 and a beta of 2.03. The stock’s 50-day moving average price is $54.41 and its 200 day moving average price is $58.47.

Symbotic (NASDAQ:SYM – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) 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 firm had revenue of $676.48 million during the quarter, compared to analysts’ expectations of $662.66 million. During the same quarter in the previous year, the firm posted ($0.04) EPS. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities research analysts forecast that Symbotic Inc. will post 0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Symbotic

A number of institutional investors and hedge funds have recently bought and sold shares of SYM. Vanguard Group Inc. raised its position 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 worth $412,463,000 after acquiring an additional 2,237,137 shares in the last quarter. Mutual Advisors LLC bought a new stake in Symbotic during the third quarter valued at about $1,919,000. ARK Investment Management LLC boosted its position in Symbotic by 32.4% during the third quarter. ARK Investment Management LLC now owns 589,887 shares of the company’s stock valued at $31,795,000 after purchasing an additional 144,389 shares in the last quarter. Handelsbanken Fonder AB grew its stake in Symbotic by 54.3% in the fourth quarter. Handelsbanken Fonder AB now owns 423,020 shares of the company’s stock valued at $25,170,000 after purchasing an additional 148,842 shares during the last quarter. Finally, M&T Bank Corp grew its stake in Symbotic by 1,108.8% in the fourth quarter. M&T Bank Corp now owns 330,882 shares of the company’s stock valued at $19,687,000 after purchasing an additional 303,510 shares during 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.