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

Symbotic Inc. (NASDAQ:SYM) Director Todd Krasnow sold 2,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $27.32, for a total value of $54,640.00. Following the completion of the transaction, the director now directly owns 194,036 shares of the company’s stock, valued at approximately $5,301,063.52. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, February 10th, Todd Krasnow sold 10,447 shares of Symbotic stock. The shares were sold at an average price of $27.05, for a total transaction of $282,591.35.
• On Thursday, January 2nd, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $24.04, for a total transaction of $48,080.00.

Symbotic Stock Performance

NASDAQ SYM opened at $24.47 on Friday. Symbotic Inc. has a 1 year low of $17.11 and a 1 year high of $50.40. The stock’s 50-day moving average price is $27.27 and its two-hundred day moving average price is $26.44.

Symbotic (NASDAQ:SYM) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. Symbotic had a negative net margin of 0.38% and a positive return on equity of 5.11%. As a group, equities analysts expect that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group reduced their price target on shares of Symbotic from $40.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. BWS Financial restated a “sell” rating and issued a $10.00 target price on shares of Symbotic in a research report on Tuesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $60.00 price target on shares of Symbotic in a research report on Thursday, February 6th. Craig Hallum downgraded Symbotic from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research note on Wednesday, November 27th. Finally, DA Davidson raised Symbotic from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.33.

Institutional Trading of Symbotic

Several large investors have recently added to or reduced their stakes in SYM. International Assets Investment Management LLC grew its stake in Symbotic by 1,273,060.0% during the 3rd quarter. International Assets Investment Management LLC now owns 63,658 shares of the company’s stock valued at $1,553,000 after acquiring an additional 63,653 shares in the last quarter. Taylor Frigon Capital Management LLC grew its position in Symbotic by 4.9% during the third quarter. Taylor Frigon Capital Management LLC now owns 70,129 shares of the company’s stock valued at $1,699,000 after purchasing an additional 3,255 shares in the last quarter. Hunter Associates Investment Management LLC grew its position in Symbotic by 29.8% during the third quarter. Hunter Associates Investment Management LLC now owns 63,093 shares of the company’s stock valued at $1,528,000 after purchasing an additional 14,487 shares in the last quarter. Clear Creek Financial Management LLC acquired a new position in Symbotic in the 3rd quarter valued at approximately $273,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in Symbotic in the 3rd quarter worth approximately $49,000.

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.