Clear Creek Financial Management LLC Invests $273,000 in Symbotic Inc. (NASDAQ:SYM)

Clear Creek Financial Management LLC bought a new position in shares of Symbotic Inc. (NASDAQ:SYM) during the third quarter, Holdings Channel.com reports. The firm bought 11,200 shares of the company’s stock, valued at approximately $273,000.

Other large investors also recently modified their holdings of the company. RiverPark Advisors LLC acquired a new position in Symbotic in the first quarter valued at approximately $37,000. Castleview Partners LLC lifted its holdings in Symbotic by 50.0% in the third quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock valued at $37,000 after buying an additional 500 shares during the period. RFP Financial Group LLC lifted its holdings in Symbotic by 22.4% in the second quarter. RFP Financial Group LLC now owns 1,692 shares of the company’s stock valued at $59,000 after buying an additional 310 shares during the period. Quarry LP acquired a new position in Symbotic in the second quarter valued at approximately $65,000. Finally, Natixis Investment Managers International acquired a new position in Symbotic in the first quarter valued at approximately $90,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SYM. The Goldman Sachs Group cut their price objective on shares of Symbotic from $40.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. TD Cowen lowered their target price on shares of Symbotic from $55.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. Vertical Research began coverage on shares of Symbotic in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $45.00 target price for the company. Northland Securities lowered their target price on shares of Symbotic from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Symbotic from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.23.

Symbotic Trading Up 0.3 %

Shares of SYM opened at $28.53 on Tuesday. Symbotic Inc. has a 12 month low of $17.11 and a 12 month high of $59.82. The firm has a fifty day simple moving average of $24.43 and a 200 day simple moving average of $31.65. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of -150.16 and a beta of 1.81.

Insider Buying and Selling

In related news, Director Todd Krasnow sold 2,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.75, for a total transaction of $37,500.00. Following the completion of the transaction, the director now owns 214,036 shares in the company, valued at approximately $4,013,175. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Symbotic news, insider Michael David Dunn sold 5,266 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $23.81, for a total value of $125,383.46. Following the completion of the sale, the insider now owns 85,224 shares in the company, valued at $2,029,183.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Todd Krasnow sold 2,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.75, for a total transaction of $37,500.00. Following the completion of the sale, the director now owns 214,036 shares of the company’s stock, valued at approximately $4,013,175. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,057 shares of company stock worth $660,860. 38.30% of the stock is owned by insiders.

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.