Todd Krasnow Sells 4,000 Shares of Symbotic (NASDAQ:SYM) Stock

by · The Markets Daily

Symbotic Inc. (NASDAQ:SYM – Get Free Report) Director Todd Krasnow sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $68.63, for a total value of $274,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, December 3rd, Todd Krasnow sold 4,000 shares of Symbotic stock. The stock was sold at an average price of $71.00, for a total value of $284,000.00.
  • On Tuesday, November 4th, Todd Krasnow sold 4,000 shares of Symbotic stock. The stock was sold at an average price of $76.75, for a total value of $307,000.00.

Symbotic Stock Down 0.8%

Shares of NASDAQ SYM opened at $69.90 on Thursday. The stock has a market cap of $41.35 billion, a P/E ratio of -465.99, a P/E/G ratio of 19.99 and a beta of 2.13. Symbotic Inc. has a fifty-two week low of $16.32 and a fifty-two week high of $87.88. The firm’s 50-day simple moving average is $65.40 and its 200 day simple moving average is $57.68.

Symbotic (NASDAQ:SYM – Get Free Report) last announced its quarterly earnings data on Monday, November 24th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). Symbotic had a negative net margin of 0.75% and a negative return on equity of 3.89%. The firm had revenue of $618.46 million for the quarter, compared to the consensus estimate of $604.00 million. During the same period last year, the company posted $0.47 earnings per share. Symbotic’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Symbotic

Institutional investors and hedge funds have recently bought and sold shares of the company. MAI Capital Management grew its position in Symbotic by 833.3% during the 3rd quarter. MAI Capital Management now owns 560 shares of the company’s stock worth $30,000 after purchasing an additional 500 shares during the period. AdvisorNet Financial Inc acquired a new position in Symbotic in the second quarter valued at approximately $32,000. IAG Wealth Partners LLC purchased a new stake in Symbotic in the 2nd quarter worth approximately $32,000. Ameriflex Group Inc. grew its stake in shares of Symbotic by 1,500.0% during the 3rd quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock worth $38,000 after purchasing an additional 660 shares during the period. Finally, Gables Capital Management Inc. purchased a new position in shares of Symbotic during the 2nd quarter valued at approximately $39,000.

Analysts Set New Price Targets

A number of research firms have recently commented on SYM. Zacks Research upgraded shares of Symbotic from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 1st. Needham & Company LLC upped their price objective on Symbotic from $57.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Cowen reissued a “buy” rating on shares of Symbotic in a research note on Wednesday, December 3rd. Cantor Fitzgerald raised their price target on Symbotic from $60.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Finally, Northcoast Research lowered Symbotic from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 25th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $56.50.

View Our Latest Research Report on Symbotic

Symbotic Company Profile

(Get Free Report)

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.

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