Symbotic Inc. (NASDAQ:SYM - Get Free Report) insider Michael David Dunn sold 1,971 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $30.00, for a total transaction of $59,130.00. Following the sale, the insider now directly owns 22,301 shares in the company, valued at $669,030. The trade was a 8.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Michael David Dunn also recently made the following trade(s):
- On Friday, January 24th, Michael David Dunn sold 3,635 shares of Symbotic stock. The stock was sold at an average price of $33.28, for a total value of $120,972.80.
- On Thursday, January 16th, Michael David Dunn sold 13,114 shares of Symbotic stock. The shares were sold at an average price of $32.19, for a total transaction of $422,139.66.
- On Friday, January 3rd, Michael David Dunn sold 5,365 shares of Symbotic stock. The shares were sold at an average price of $24.60, for a total transaction of $131,979.00.
- On Monday, December 9th, Michael David Dunn sold 63,867 shares of Symbotic stock. The shares were sold at an average price of $30.08, for a total transaction of $1,921,119.36.
Symbotic Stock Up 1.5 %
SYM stock traded up $0.38 during midday trading on Friday, hitting $26.37. The company's stock had a trading volume of 2,791,897 shares, compared to its average volume of 2,657,398. Symbotic Inc. has a 1 year low of $17.11 and a 1 year high of $50.40. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of -439.50, a PEG ratio of 7.29 and a beta of 1.79. The stock's 50-day moving average price is $27.15 and its 200 day moving average price is $26.82.
Symbotic (NASDAQ:SYM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. Symbotic had a negative net margin of 0.32% and a positive return on equity of 6.49%. As a group, equities analysts forecast that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on SYM shares. Craig Hallum downgraded Symbotic from a "buy" rating to a "hold" rating and set a $25.00 target price for the company. in a report on Wednesday, November 27th. Raymond James lowered shares of Symbotic from an "outperform" rating to a "market perform" rating in a research note on Thursday. Cantor Fitzgerald restated an "overweight" rating and issued a $60.00 price target on shares of Symbotic in a report on Thursday. KeyCorp reiterated a "sector weight" rating on shares of Symbotic in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group reduced their target price on Symbotic from $28.00 to $25.00 and set a "neutral" rating for the company in a research note on Thursday. One equities 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $38.33.
Get Our Latest Research Report on Symbotic
Institutional Investors Weigh In On Symbotic
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Castleview Partners LLC raised its stake in shares of Symbotic by 50.0% during 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. IFP Advisors Inc increased its position in shares of 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 buying an additional 503 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Symbotic by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 8,655 shares of the company's stock worth $304,000 after buying an additional 679 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Symbotic by 28.4% in the third quarter. Van ECK Associates Corp now owns 3,497 shares of the company's stock valued at $85,000 after acquiring an additional 774 shares during the period. Finally, National Bank of Canada FI grew its stake in Symbotic by 36.8% during the third quarter. National Bank of Canada FI now owns 3,557 shares of the company's stock valued at $87,000 after acquiring an additional 957 shares in the last quarter.
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.
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