33,067 Shares in Symbotic Inc. (NASDAQ:SYM) Purchased by Littlejohn Financial Services Inc.

Littlejohn Financial Services Inc. bought a new stake in Symbotic Inc. (NASDAQ:SYM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 33,067 shares of the company's stock, valued at approximately $784,000.

Several other hedge funds have also modified their holdings of the business. Castleview Partners LLC lifted its holdings in shares of 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 buying an additional 500 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Symbotic by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,655 shares of the company's stock valued at $304,000 after buying an additional 679 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Symbotic by 28.4% in the 3rd quarter. Van ECK Associates Corp now owns 3,497 shares of the company's stock valued at $85,000 after buying an additional 774 shares during the period. National Bank of Canada FI raised its holdings in 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 during the last quarter. Finally, RiverPark Advisors LLC raised its holdings in Symbotic by 147.1% during the third quarter. RiverPark Advisors LLC now owns 2,034 shares of the company's stock worth $50,000 after purchasing an additional 1,211 shares during the last quarter.

Analyst Upgrades and Downgrades

SYM has been the subject of several research reports. William Blair reaffirmed a "market perform" rating on shares of Symbotic in a report on Thursday, December 5th. DA Davidson raised Symbotic from a "neutral" rating to a "buy" rating and set a $35.00 price objective for the company in a report on Wednesday, January 8th. Craig Hallum cut Symbotic from a "buy" rating to a "hold" rating and set a $25.00 price objective for the company. in a report on Wednesday, November 27th. Raymond James cut Symbotic from an "outperform" rating to a "market perform" rating in a report on Thursday, February 6th. Finally, Citigroup reaffirmed a "buy" rating and set a $37.00 price objective on shares of Symbotic in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $38.33.

Insider Buying and Selling at Symbotic

In other Symbotic news, CFO Carol J. Hibbard sold 4,055 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $30.70, for a total transaction of $124,488.50. Following the transaction, the chief financial officer now owns 44,386 shares in the company, valued at $1,362,650.20. The trade was a 8.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Todd Krasnow sold 2,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $24.04, for a total value of $48,080.00. Following the transaction, the director now owns 214,036 shares in the company, valued at approximately $5,145,425.44. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,454 shares of company stock valued at $3,110,501. Company insiders own 0.60% of the company's stock.

Symbotic Stock Up 2.8 %

Shares of NASDAQ:SYM traded up $0.75 during midday trading on Tuesday, reaching $27.81. The company's stock had a trading volume of 1,306,007 shares, compared to its average volume of 2,529,869. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of -397.23, a price-to-earnings-growth ratio of 6.45 and a beta of 1.79. Symbotic Inc. has a 1 year low of $17.11 and a 1 year high of $50.40. The business has a 50 day moving average price of $27.27 and a 200 day moving average price of $26.41.

Symbotic (NASDAQ:SYM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, beating 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%. Sell-side analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Symbotic 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.