Symbotic Inc. (NASDAQ:SYM – Get Free Report) SVP Brian Alexander sold 9,225 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $38.26, for a total transaction of $352,948.50. Following the completion of the transaction, the senior vice president owned 66,959 shares in the company, valued at $2,561,851.34. This represents a 12.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Brian Daniel Alexander also recently made the following trade(s):
- On Tuesday, October 27th, Brian Alexander sold 89 shares of Symbotic stock. The shares were sold at an average price of $38.28, for a total transaction of $3,406.92.
Symbotic Stock Up 1.4%
SYM opened at $37.93 on Friday. Symbotic Inc. has a 12 month low of $36.02 and a 12 month high of $87.88. The stock has a market cap of $22.94 billion, a P/E ratio of 415.56, a P/E/G ratio of 3.54 and a beta of 1.97. The company has a fifty day simple moving average of $41.32 and a 200 day simple moving average of $48.19.
Symbotic (NASDAQ:SYM – Get Free Report) last released 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 business had revenue of $720.84 million for the quarter, compared to the consensus estimate of $715.03 million. Symbotic had a net margin of 0.48% and a return on equity of 1.40%. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. On average, equities research analysts expect that Symbotic Inc. will post 0.21 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently commented on SYM. Zacks Research raised shares of Symbotic from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 5th. Needham & Company LLC decreased their target price on 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 lowered their target price on Symbotic from $44.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 8th. Robert W. Baird set a $51.00 price target on Symbotic in a report on Thursday, August 6th. Finally, TD Cowen dropped their price target on Symbotic from $75.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Symbotic has an average rating of “Hold” and a consensus price target of $65.83.
Check Out Our Latest Stock Report on SYM
More Symbotic News
Here are the key news stories impacting Symbotic this week:
- Positive Sentiment: Walmart expanded its automation relationship with Symbotic, committing approximately $6 billion initially to deploy the company’s systems across 25 U.S. regional distribution centers. The agreement also creates opportunities for broader automation throughout Walmart’s global supply chain, strengthening Symbotic’s revenue visibility and demonstrating the value of its major anchor customer. Walmart and Symbotic Expand Commercial Agreement
- Positive Sentiment: The Walmart announcement reinforces Symbotic’s long-term growth narrative in warehouse automation. A multiyear rollout with a large, established customer could support higher sales, recurring expansion opportunities and improved operating leverage if deployments proceed successfully. Symbotic and Walmart Expand Agreement
- Neutral Sentiment: Symbotic will report fourth-quarter and full-year fiscal 2026 results after the market close on November 23, 2026, followed by a 5:00 p.m. ET webcast. Investors may use the results and outlook to assess whether the Walmart expansion is translating into profitable growth. Symbotic Fiscal 2026 Results Date
- Negative Sentiment: Valuation remains a risk: Symbotic trades at a very high earnings multiple while its shares remain below their 50-day and 200-day moving averages. Recent sales by the CFO, CTO, SVPs and other insiders could weigh on sentiment, although the filings indicate the transactions were primarily made to cover tax withholding on vested equity awards.
Hedge Funds Weigh In On Symbotic
A number of institutional investors have recently modified their holdings of SYM. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Symbotic in the 1st quarter valued at approximately $788,000. Amundi grew its holdings in shares of Symbotic by 68.5% during the 1st quarter. Amundi now owns 108,553 shares of the company’s stock valued at $5,775,000 after purchasing an additional 44,132 shares during the last quarter. Wealthfront Advisers LLC increased its position in Symbotic by 168.1% during the 1st quarter. Wealthfront Advisers LLC now owns 71,248 shares of the company’s stock worth $3,790,000 after purchasing an additional 44,676 shares in the last quarter. Royal Bank of Canada increased its position in Symbotic by 41.1% during the 1st quarter. Royal Bank of Canada now owns 100,018 shares of the company’s stock worth $5,321,000 after purchasing an additional 29,152 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. acquired a new position in Symbotic during the 1st quarter worth approximately $2,379,000.
About Symbotic
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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