Todd Krasnow Sells 2,000 Shares of Symbotic Inc. (NASDAQ:SYM) Stock

Symbotic Inc. (NASDAQ:SYM) Director Todd Krasnow sold 2,000 shares of the business’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $17.51, for a total value of $35,020.00. Following the completion of the sale, the director now owns 194,036 shares in the company, valued at $3,397,570.36. This represents a 1.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, February 18th, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $27.32, for a total value of $54,640.00.
• On Monday, February 10th, Todd Krasnow sold 10,447 shares of Symbotic stock. The stock was sold at an average price of $27.05, for a total value of $282,591.35.

Symbotic Price Performance

Shares of SYM traded down $0.68 during mid-day trading on Tuesday, reaching $17.88. The company had a trading volume of 2,132,682 shares, compared to its average volume of 1,918,781. The company’s 50-day moving average is $24.10 and its 200-day moving average is $26.58. The company has a market capitalization of $10.52 billion, a P/E ratio of -255.39, a P/E/G ratio of 6.48 and a beta of 1.86. Symbotic Inc. has a twelve month low of $16.32 and a twelve month high of $48.98.

Symbotic (NASDAQ:SYM) last issued its earnings results on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. Symbotic had a negative net margin of 0.38% and a positive return on equity of 5.11%. As a group, equities analysts expect that Symbotic Inc. will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SYM has been the subject of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $60.00 target price on shares of Symbotic in a research note on Thursday, February 6th. Needham & Company LLC dropped their price objective on shares of Symbotic from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Oppenheimer initiated coverage on shares of Symbotic in a research note on Wednesday, January 15th. They set an “outperform” rating and a $35.00 price target on the stock. BWS Financial reiterated a “sell” rating and issued a $10.00 target price on shares of Symbotic in a research note on Wednesday, April 2nd. Finally, Citigroup reissued a “buy” rating and set a $37.00 price objective on shares of Symbotic in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Symbotic currently has an average rating of “Hold” and a consensus price target of $38.20.

Institutional Investors Weigh In On Symbotic

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc raised its position in shares of Symbotic by 58.2% in the 4th quarter. IFP Advisors Inc now owns 1,368 shares of the company’s stock valued at $32,000 after acquiring an additional 503 shares during the period. GAMMA Investing LLC grew its stake in shares of Symbotic by 1,812.2% in the first quarter. GAMMA Investing LLC now owns 1,415 shares of the company’s stock valued at $29,000 after buying an additional 1,341 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Symbotic in the 4th quarter valued at about $47,000. Private Trust Co. NA acquired a new stake in shares of Symbotic in the fourth quarter valued at approximately $47,000. Finally, Jones Financial Companies Lllp boosted its position in Symbotic by 154.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company’s stock worth $58,000 after purchasing an additional 1,490 shares during the period.

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.