Arcadia Investment Management Corp MI purchased a new position in Symbotic Inc. (NASDAQ:SYM – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,000 shares of the company’s stock, valued at approximately $49,000.
A number of other large investors also recently added to or reduced their stakes in the stock. RiverPark Advisors LLC purchased a new stake in shares of Symbotic during the first quarter worth about $37,000. Castleview Partners LLC increased its stake in Symbotic by 50.0% during the 3rd quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock worth $37,000 after buying an additional 500 shares in the last quarter. RFP Financial Group LLC increased its stake in Symbotic by 22.4% during the 2nd quarter. RFP Financial Group LLC now owns 1,692 shares of the company’s stock worth $59,000 after buying an additional 310 shares in the last quarter. Quarry LP acquired a new position in shares of Symbotic during the second quarter valued at approximately $65,000. Finally, Natixis Investment Managers International purchased a new position in shares of Symbotic in the first quarter valued at approximately $90,000.
Insider Buying and Selling at Symbotic
In other news, insider Michael David Dunn sold 1,715 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $28.77, for a total value of $49,340.55. Following the transaction, the insider now directly owns 87,922 shares in the company, valued at approximately $2,529,515.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Merline Saintil sold 5,250 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $28.70, for a total value of $150,675.00. Following the completion of the transaction, the director now owns 74,562 shares of the company’s stock, valued at approximately $2,139,929.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael David Dunn sold 1,715 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $28.77, for a total transaction of $49,340.55. Following the sale, the insider now directly owns 87,922 shares in the company, valued at approximately $2,529,515.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,057 shares of company stock valued at $1,025,680 over the last 90 days. 38.30% of the stock is owned by insiders.
Symbotic Trading Up 2.3 %
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. Robert W. Baird reduced their price objective on Symbotic from $53.00 to $41.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. TD Cowen decreased their price target on shares of Symbotic from $55.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Vertical Research assumed coverage on shares of Symbotic in a research note on Tuesday, July 23rd. They set a “hold” rating and a $45.00 price objective for the company. BWS Financial reissued a “sell” rating and issued a $10.00 target price on shares of Symbotic in a research note on Friday, October 11th. Finally, Northland Securities lowered their target price on Symbotic from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Symbotic currently has a consensus rating of “Moderate Buy” and an average price target of $43.23.
Check Out Our Latest Stock Analysis on SYM
Symbotic 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.
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