Symbotic Inc. (NASDAQ:SYM - Get Free Report) insider Michael David Dunn sold 2,040 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $22.24, for a total transaction of $45,369.60. Following the sale, the insider now owns 23,822 shares in the company, valued at approximately $529,801.28. This trade represents a 7.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Michael David Dunn also recently made the following trade(s):
- On Thursday, January 30th, Michael David Dunn sold 1,971 shares of Symbotic stock. The shares were sold at an average price of $30.00, for a total value of $59,130.00.
- 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 value of $131,979.00.
Symbotic Trading Down 3.7 %
Shares of NASDAQ:SYM traded down $0.68 during midday trading on Tuesday, reaching $17.88. 2,132,682 shares of the company were exchanged, compared to its average volume of 1,923,740. Symbotic Inc. has a one year low of $16.32 and a one year high of $48.98. The business's fifty day moving average is $23.64 and its two-hundred day moving average is $26.47. The stock has a market cap of $10.52 billion, a PE ratio of -255.39, a price-to-earnings-growth ratio of 6.48 and a beta of 1.86.
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, beating analysts' consensus estimates of ($0.04) by $0.01. Symbotic had a negative net margin of 0.38% and a positive return on equity of 5.11%. As a group, sell-side analysts expect that Symbotic Inc. will post 0.13 EPS for the current year.
Institutional Investors Weigh In On Symbotic
Several hedge funds and other institutional investors have recently modified their holdings of SYM. IFP Advisors Inc lifted its stake in Symbotic by 58.2% in the fourth quarter. IFP Advisors Inc now owns 1,368 shares of the company's stock worth $32,000 after acquiring an additional 503 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Symbotic by 1.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 48,672 shares of the company's stock valued at $1,154,000 after purchasing an additional 619 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Symbotic by 36.8% in the 3rd 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 period. Tower Research Capital LLC TRC boosted its position in Symbotic by 40.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,566 shares of the company's stock valued at $85,000 after acquiring an additional 1,018 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Symbotic by 5.7% during the fourth quarter. Cetera Investment Advisers now owns 24,621 shares of the company's stock valued at $584,000 after purchasing an additional 1,332 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on SYM shares. Oppenheimer assumed coverage on shares of Symbotic in a report on Wednesday, January 15th. They set an "outperform" rating and a $35.00 price target for the company. UBS Group decreased their price target on shares of Symbotic from $32.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. DA Davidson raised shares of Symbotic from a "neutral" rating to a "buy" rating and set a $35.00 price objective for the company in a research report on Wednesday, January 8th. Citigroup reaffirmed a "buy" rating and issued a $37.00 target price on shares of Symbotic in a report on Monday, January 13th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $60.00 price target on shares of Symbotic in a report on Thursday, February 6th. One research 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. According to data from MarketBeat, Symbotic currently has an average rating of "Hold" and an average target price of $38.20.
Check Out Our Latest Research Report on SYM
About Symbotic
(
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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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