Capital Fund Management S.A. Buys 103,216 Shares of Symbotic Inc. (NASDAQ:SYM)

Capital Fund Management S.A. increased its stake in shares of Symbotic Inc. (NASDAQ:SYM - Free Report) by 72.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,572 shares of the company's stock after acquiring an additional 103,216 shares during the quarter. Capital Fund Management S.A.'s holdings in Symbotic were worth $5,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc grew 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 worth $32,000 after buying an additional 503 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Symbotic by 1.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 48,672 shares of the company's stock worth $1,154,000 after purchasing an additional 619 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Symbotic by 36.8% during the 3rd quarter. National Bank of Canada FI now owns 3,557 shares of the company's stock valued at $87,000 after buying an additional 957 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Symbotic by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 505,114 shares of the company's stock worth $11,981,000 after buying an additional 1,356 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake 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 acquiring an additional 1,490 shares in the last quarter.

Symbotic Price Performance

Shares of SYM traded up $0.16 on Friday, reaching $20.41. The company's stock had a trading volume of 633,784 shares, compared to its average volume of 1,931,219. Symbotic Inc. has a 12-month low of $16.32 and a 12-month high of $48.98. The stock has a market capitalization of $12.01 billion, a P/E ratio of -291.53, a PEG ratio of 6.48 and a beta of 1.86. The stock's 50 day simple moving average is $22.34 and its two-hundred day simple moving average is $26.24.

Symbotic (NASDAQ:SYM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate 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 expect that Symbotic Inc. will post 0.13 earnings per share for the current year.

Insider Activity

In other news, Director Rollin L. Ford sold 28,740 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.02, for a total value of $747,814.80. Following the transaction, the director now directly owns 10,447 shares in the company, valued at $271,830.94. The trade was a 73.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael David Dunn sold 1,971 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $30.00, for a total value of $59,130.00. Following the sale, the insider now owns 22,301 shares of the company's stock, valued at $669,030. This represents a 8.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,663 shares of company stock valued at $1,653,063 in the last ninety days. Corporate insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

SYM has been the subject of several recent research reports. The Goldman Sachs Group lowered their target price on shares of Symbotic from $25.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. DA Davidson raised Symbotic from a "neutral" rating to a "buy" rating and set a $35.00 price target for the company in a research report on Wednesday, January 8th. Northland Securities increased 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. Needham & Company LLC decreased their target price on shares of Symbotic from $35.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Finally, BWS Financial reiterated a "sell" rating and set a $10.00 price target on shares of Symbotic in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Symbotic currently has a consensus rating of "Hold" and an average target price of $37.20.

Symbotic Company Profile

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.