Symbotic Inc. (NASDAQ:SYM) Director Sells $282,591.35 in Stock

Symbotic Inc. (NASDAQ:SYM) Director Todd Krasnow sold 10,447 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $27.05, for a total transaction of $282,591.35. Following the sale, the director now owns 194,036 shares of the company’s stock, valued at $5,248,673.80. The trade was a 5.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Todd Krasnow also recently made the following trade(s):

• On Thursday, January 2nd, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $24.04, for a total transaction of $48,080.00.

Symbotic Price Performance

NASDAQ SYM traded down $0.03 on Wednesday, hitting $29.11. 1,436,370 shares of the stock were exchanged, compared to its average volume of 2,632,215. The business’s fifty day moving average is $27.26 and its 200 day moving average is $26.44. Symbotic Inc. has a 52 week low of $17.11 and a 52 week high of $50.40. The company has a market capitalization of $17.10 billion, a PE ratio of -415.80, a P/E/G ratio of 6.45 and a beta of 1.79.

Symbotic (NASDAQ:SYM) last posted its earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%. Analysts predict that Symbotic Inc. will post 0.13 EPS for the current fiscal year.

Institutional Trading of Symbotic

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc grew its stake in shares of Symbotic by 58.2% in the fourth quarter. IFP Advisors Inc now owns 1,368 shares of the company’s stock valued at $32,000 after acquiring an additional 503 shares in the last quarter. Castleview Partners LLC boosted its holdings in Symbotic by 50.0% in the 3rd quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. Private Trust Co. NA acquired a new position in shares of Symbotic during the 4th quarter worth approximately $47,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Symbotic in the third quarter valued at approximately $49,000. Finally, RiverPark Advisors LLC raised its position in shares of Symbotic by 147.1% in the third quarter. RiverPark Advisors LLC now owns 2,034 shares of the company’s stock valued at $50,000 after buying an additional 1,211 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Northland Securities upped their price objective on shares of Symbotic from $35.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. KeyCorp restated a “sector weight” rating on shares of Symbotic in a research report on Wednesday, November 27th. William Blair restated a “market perform” rating on shares of Symbotic in a research report on Thursday, December 5th. Citigroup restated a “buy” rating and issued a $37.00 price objective on shares of Symbotic in a research report on Monday, January 13th. Finally, Oppenheimer assumed coverage on shares of Symbotic in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Symbotic has an average rating of “Hold” and an average target price of $38.33.

About Symbotic

Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.