Symbotic Inc. (NASDAQ:SYM - Get Free Report) CFO Carol J. Hibbard sold 4,055 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $30.70, for a total transaction of $124,488.50. Following the sale, the chief financial officer now directly owns 44,386 shares in the company, valued at approximately $1,362,650.20. This trade represents a 8.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Symbotic Trading Up 1.5 %
SYM stock traded up $0.38 during trading on Friday, hitting $26.37. The company had a trading volume of 2,795,304 shares, compared to its average volume of 2,745,813. The company has a fifty day moving average price of $27.13 and a two-hundred day moving average price of $26.64. Symbotic Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $50.40. The company has a market cap of $15.49 billion, a P/E ratio of -376.66, a P/E/G ratio of 6.45 and a beta of 1.79.
Symbotic (NASDAQ:SYM - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share for the quarter, topping 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%. On average, analysts expect that Symbotic Inc. will post 0.13 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Castleview Partners LLC lifted its holdings in Symbotic by 50.0% in the third quarter. Castleview Partners LLC now owns 1,500 shares of the company's stock valued at $37,000 after buying an additional 500 shares during the period. IFP Advisors Inc grew its holdings in Symbotic by 58.2% during the fourth quarter. IFP Advisors Inc now owns 1,368 shares of the company's stock valued at $32,000 after purchasing an additional 503 shares during the period. The Manufacturers Life Insurance Company increased its stake in Symbotic by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 8,655 shares of the company's stock valued at $304,000 after purchasing an additional 679 shares in the last quarter. Van ECK Associates Corp raised its holdings in Symbotic by 28.4% in the third quarter. Van ECK Associates Corp now owns 3,497 shares of the company's stock worth $85,000 after purchasing an additional 774 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Symbotic by 36.8% during the third quarter. National Bank of Canada FI now owns 3,557 shares of the company's stock worth $87,000 after purchasing an additional 957 shares in the last quarter.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of Symbotic from $28.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday. William Blair restated a "market perform" rating on shares of Symbotic in a report on Thursday, December 5th. Craig Hallum downgraded Symbotic from a "buy" rating to a "hold" rating and set a $25.00 price target for the company. in a research note on Wednesday, November 27th. BWS Financial reaffirmed a "sell" rating and set a $10.00 target price on shares of Symbotic in a research report on Tuesday, January 21st. Finally, Needham & Company LLC dropped their price target on shares of Symbotic from $35.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $38.33.
Read Our Latest Stock Report on Symbotic
About Symbotic
(
Get Free Report)
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.
Featured Stories
Before you consider Symbotic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Symbotic wasn't on the list.
While Symbotic currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
