Symbotic Inc. (NASDAQ:SYM – Get Free Report) CTO James Kuffner sold 3,952 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $40.59, for a total value of $160,411.68. Following the sale, the chief technology officer directly owned 219,858 shares in the company, valued at $8,924,036.22. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
James Kuffner also recently made the following trade(s):
- On Friday, July 24th, James Kuffner sold 18,987 shares of Symbotic stock. The shares were sold at an average price of $40.38, for a total value of $766,695.06.
Symbotic Price Performance
NASDAQ:SYM opened at $40.61 on Thursday. The firm has a market capitalization of $24.56 billion, a price-to-earnings ratio of 451.22, a PEG ratio of 5.43 and a beta of 1.94. The business has a 50 day simple moving average of $42.01 and a 200-day simple moving average of $49.00. Symbotic Inc. has a 1 year low of $38.19 and a 1 year high of $87.88.
Institutional Trading of Symbotic
A number of large investors have recently made changes to their positions in SYM. Vanguard Group Inc. raised its stake in shares of Symbotic by 47.6% during the fourth quarter. Vanguard Group Inc. now owns 6,932,158 shares of the company’s stock valued at $412,463,000 after acquiring an additional 2,237,137 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in Symbotic by 54.3% during the 4th quarter. Handelsbanken Fonder AB now owns 423,020 shares of the company’s stock worth $25,170,000 after purchasing an additional 148,842 shares during the period. Wealthfront Advisers LLC bought a new stake in Symbotic during the 4th quarter valued at $1,581,000. Polianta Ltd bought a new stake in Symbotic during the 1st quarter valued at $1,596,000. Finally, Seven Grand Managers LLC purchased a new stake in shares of Symbotic in the 4th quarter worth $4,462,000.
Wall Street Analysts Forecast Growth
SYM has been the subject of several analyst reports. The Goldman Sachs Group lowered their target price on shares of Symbotic from $54.00 to $45.00 and set a “sell” rating for the company in a report on Tuesday, May 26th. Robert W. Baird set a $51.00 price objective on shares of Symbotic in a research report on Thursday, August 6th. Zacks Research raised shares of Symbotic from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 5th. DA Davidson reissued a “buy” rating and issued a $70.00 price objective on shares of Symbotic in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded Symbotic from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 21st. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $65.92.
Read Our Latest Analysis on SYM
Key Stories Impacting Symbotic
Here are the key news stories impacting Symbotic this week:
- Positive Sentiment: An optimistic Seeking Alpha analysis argued that Symbotic’s fiscal 2027 could mark a major inflection point. The planned rollout of Exol and SymMicro systems could broaden the customer base, increase recurring revenue and improve operating leverage. The company’s reported $1.75 billion cash balance and lack of debt also provide flexibility for acquisitions and further investment. Symbotic: The eFY 2027 Inflection Is Coming Into View – Strong Buy
- Positive Sentiment: Symbotic joined Stanford University’s Robotics Center Industrial Affiliates Program. The relationship could strengthen the company’s access to robotics and artificial-intelligence research, supporting future product development and hiring. Symbotic Joins Stanford Robotics Center Industrial Affiliates Program
- Neutral Sentiment: CTO James Kuffner sold 3,952 shares for approximately $160,000, reducing his stake by about 1.77% to roughly 219,858 shares. The filing said the transaction covered tax withholding tied to vested equity awards, making it a less significant bearish signal than a discretionary sale. Symbotic CTO James Kuffner Sells 3,952 Shares
- Neutral Sentiment: A valuation comparison between Symbotic and Vontier highlighted the question of whether SYM offers sufficient value after its substantial decline. Symbotic remains priced at a very high earnings multiple, so investors appear focused on whether future growth can justify the premium. VNT vs. SYM: Which Stock Is the Better Value Option?
- Negative Sentiment: Law firms are investigating potential claims on behalf of shareholders after a related securities class action survived a motion to dismiss. Although no wrongdoing has been established, the headlines add legal and reputational uncertainty for SYM investors. Shareholder Claims Investigation
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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