Todd Krasnow Sells 2,000 Shares of Symbotic Inc. (NASDAQ:SYM) Stock

Symbotic Inc. (NASDAQ:SYMGet Free Report) Director Todd Krasnow sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $51.50, for a total value of $103,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Tuesday, January 2nd, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $50.49, for a total transaction of $100,980.00.
  • On Thursday, December 14th, Todd Krasnow sold 4,000 shares of Symbotic stock. The shares were sold at an average price of $52.19, for a total value of $208,760.00.
  • On Monday, November 27th, Todd Krasnow sold 18,894 shares of Symbotic stock. The stock was sold at an average price of $51.21, for a total value of $967,561.74.
  • On Friday, November 24th, Todd Krasnow sold 51,106 shares of Symbotic stock. The stock was sold at an average price of $52.72, for a total value of $2,694,308.32.

Symbotic Stock Performance

Shares of NASDAQ SYM opened at $42.99 on Friday. The stock’s 50-day moving average is $47.64 and its two-hundred day moving average is $42.67. Symbotic Inc. has a 1-year low of $14.14 and a 1-year high of $64.14.

Symbotic (NASDAQ:SYMGet Free Report) last issued its quarterly earnings results on Monday, November 20th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Symbotic had a negative return on equity of 138.28% and a negative net margin of 1.39%. The firm had revenue of $391.89 million during the quarter, compared to analysts’ expectations of $306.89 million. During the same quarter in the prior year, the firm earned ($0.10) EPS. The firm’s revenue was up 60.3% compared to the same quarter last year. Sell-side analysts expect that Symbotic Inc. will post -0.01 EPS for the current fiscal year.

Institutional Trading of Symbotic

A number of hedge funds and other institutional investors have recently bought and sold shares of SYM. JPMorgan Chase & Co. purchased a new position in Symbotic in the second quarter valued at approximately $534,000. UBS Group AG acquired a new stake in Symbotic during the 3rd quarter worth $224,000. BlackRock Inc. lifted its position in Symbotic by 325.5% in the third quarter. BlackRock Inc. now owns 170,213 shares of the company’s stock valued at $1,958,000 after acquiring an additional 130,213 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Symbotic in the third quarter valued at $181,000. Finally, Vanguard Group Inc. purchased a new position in shares of Symbotic during the third quarter worth about $1,523,000.

Analysts Set New Price Targets

Several research firms have recently commented on SYM. Robert W. Baird reduced their price target on shares of Symbotic from $54.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday. William Blair reiterated a “market perform” rating on shares of Symbotic in a report on Tuesday. DA Davidson raised Symbotic from a “neutral” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Wednesday. Needham & Company LLC decreased their target price on shares of Symbotic from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group dropped their price target on shares of Symbotic from $51.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Symbotic presently has a consensus rating of “Moderate Buy” and an average target price of $52.85.

View Our Latest Analysis on Symbotic

Symbotic Company Profile

(Get Free Report)

Symbotic Inc, an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. The company offers Symbotic system, an end-to-end warehouse automation system for product distribution. It also designs, assemblies, and installs modular inventory management systems and performs configuration of embedded software.

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Insider Buying and Selling by Quarter for Symbotic (NASDAQ:SYM)

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