Symbotic Inc. (NASDAQ:SYM) Director Daniela L. Rus Sells 1,000 Shares of Stock

Symbotic Inc. (NASDAQ:SYM) Director Daniela L. Rus sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $48.33, for a total transaction of $48,330.00. Following the transaction, the director owned 22,729 shares of the company’s stock, valued at approximately $1,098,492.57. This represents a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Symbotic Price Performance

Symbotic stock traded up $0.18 during mid-day trading on Friday, hitting $54.36. The company’s stock had a trading volume of 366,876 shares, compared to its average volume of 2,079,011. The stock has a market cap of $32.05 billion, a price-to-earnings ratio of -1,365.05, a price-to-earnings-growth ratio of 54.96 and a beta of 2.03. The business has a 50 day moving average price of $34.74 and a 200-day moving average price of $27.77. Symbotic Inc. has a 12 month low of $16.32 and a 12 month high of $54.93.

Symbotic (NASDAQ:SYM) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.09). Symbotic had a negative net margin of 0.23% and a negative return on equity of 1.26%. The firm had revenue of $549.65 million for the quarter, compared to the consensus estimate of $522.36 million. During the same period last year, the company posted ($0.07) earnings per share. The business’s revenue was up 39.7% on a year-over-year basis. On average, equities research analysts expect that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Symbotic

A number of hedge funds and other institutional investors have recently bought and sold shares of SYM. GAMMA Investing LLC grew its holdings in Symbotic by 1,812.2% in the first quarter. GAMMA Investing LLC now owns 1,415 shares of the company’s stock worth $29,000 after purchasing an additional 1,341 shares during the period. Ulland Investment Advisors LLC purchased a new stake in shares of Symbotic during the first quarter valued at approximately $31,000. AdvisorNet Financial Inc purchased a new stake in shares of Symbotic during the second quarter valued at approximately $32,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Symbotic during the fourth quarter valued at approximately $47,000. Finally, CWM LLC grew its holdings in shares of Symbotic by 408.2% during the first quarter. CWM LLC now owns 2,602 shares of the company’s stock valued at $53,000 after buying an additional 2,090 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Symbotic from a “buy” rating to a “hold” rating and set a $51.00 price objective for the company. in a report on Friday. The Goldman Sachs Group reduced their target price on Symbotic from $25.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Arete Research raised Symbotic to a “strong-buy” rating and set a $50.00 price target for the company in a research report on Wednesday, June 25th. Arete started coverage on shares of Symbotic in a report on Wednesday, June 25th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Citigroup reissued a “buy” rating on shares of Symbotic in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.24.

Symbotic Company 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.