Symbotic Inc. (NASDAQ:SYM) Director Sells $282,591.35 in Stock

Symbotic Inc. (NASDAQ:SYM - Get Free Report) Director Todd Krasnow sold 10,447 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $27.05, for a total transaction of $282,591.35. Following the completion of the transaction, the director now owns 194,036 shares of the company's stock, valued at approximately $5,248,673.80. This trade represents a 5.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, January 2nd, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $24.04, for a total transaction of $48,080.00.

Symbotic Stock Performance

Shares of NASDAQ SYM traded down $0.66 during midday trading on Friday, hitting $27.06. 1,292,241 shares of the stock traded hands, compared to its average volume of 2,745,813. The company has a market cap of $15.90 billion, a PE ratio of -386.52, a P/E/G ratio of 6.45 and a beta of 1.79. Symbotic Inc. has a one year low of $17.11 and a one year high of $50.40. The business has a 50 day moving average price of $27.30 and a two-hundred day moving average price of $26.40.

Symbotic (NASDAQ:SYM - Get Free Report) last issued its quarterly earnings results 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%. As a group, equities research analysts forecast that Symbotic Inc. will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Walmart Inc. bought a new stake in Symbotic during the fourth quarter valued at about $355,650,000. Baillie Gifford & Co. raised its stake in Symbotic by 32.0% in the 3rd quarter. Baillie Gifford & Co. now owns 14,070,999 shares of the company's stock worth $343,192,000 after acquiring an additional 3,410,050 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Symbotic by 41.3% during the 4th quarter. Vanguard Group Inc. now owns 4,970,292 shares of the company's stock valued at $117,846,000 after buying an additional 1,452,627 shares during the last quarter. Thematics Asset Management grew its position in shares of Symbotic by 30.1% during the 3rd quarter. Thematics Asset Management now owns 1,048,170 shares of the company's stock valued at $25,565,000 after acquiring an additional 242,661 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Symbotic in the 4th quarter worth about $20,754,000.

Analyst Ratings Changes

SYM has been the topic of several analyst reports. BWS Financial reaffirmed a "sell" rating and issued a $10.00 target price on shares of Symbotic in a report on Tuesday, January 21st. UBS Group cut their target price on shares of Symbotic from $40.00 to $32.00 and set a "neutral" rating for the company in a research report on Friday, January 3rd. William Blair reiterated a "market perform" rating on shares of Symbotic in a report on Thursday, December 5th. KeyCorp reiterated a "sector weight" rating on shares of Symbotic in a report on Wednesday, November 27th. Finally, Needham & Company LLC lowered 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. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $38.33.

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.