Symbotic Inc. (NASDAQ:SYM) Director Todd Krasnow Sells 10,447 Shares

Symbotic Inc. (NASDAQ:SYM) Director Todd Krasnow sold 10,447 shares of Symbotic stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $27.05, for a total transaction of $282,591.35. Following the transaction, the director now directly owns 194,036 shares of the company’s stock, valued at approximately $5,248,673.80. This represents a 5.11 % 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.

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

• On Thursday, January 2nd, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $24.04, for a total transaction of $48,080.00.

Symbotic Stock Down 0.1 %

Shares of NASDAQ SYM opened at $29.11 on Thursday. Symbotic Inc. has a 12-month low of $17.11 and a 12-month high of $50.40. The stock’s fifty day simple moving average is $27.26 and its two-hundred day simple moving average is $26.44.

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

Institutional Trading of Symbotic

A number of institutional investors have recently modified their holdings of the company. IFP Advisors Inc lifted its position in Symbotic by 58.2% during the fourth quarter. IFP Advisors Inc now owns 1,368 shares of the company’s stock valued at $32,000 after acquiring an additional 503 shares during the last quarter. Castleview Partners LLC grew its holdings in Symbotic by 50.0% in the third quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Symbotic during the third quarter worth $49,000. Private Trust Co. NA purchased a new stake in shares of Symbotic during the 4th quarter valued at $47,000. Finally, RiverPark Advisors LLC boosted its position in shares of Symbotic by 147.1% in the 3rd quarter. RiverPark Advisors LLC now owns 2,034 shares of the company’s stock worth $50,000 after purchasing an additional 1,211 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SYM. Raymond James downgraded Symbotic from an “outperform” rating to a “market perform” rating in a report on Thursday, February 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $60.00 target price on shares of Symbotic in a research note on Thursday, February 6th. The Goldman Sachs Group decreased their target price on Symbotic from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, February 6th. KeyCorp restated a “sector weight” rating on shares of Symbotic in a report on Wednesday, November 27th. Finally, William Blair reiterated a “market perform” rating on shares of Symbotic in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.33.

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.