William Boyd III Sells 5,115 Shares of Symbotic (NASDAQ:SYM) Stock

Symbotic Inc. (NASDAQ:SYM) insider William Boyd III sold 5,115 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $63.89, for a total value of $326,797.35. Following the sale, the insider owned 19,199 shares of the company’s stock, valued at approximately $1,226,624.11. This represents a 21.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Symbotic Stock Down 1.2%

Symbotic stock opened at $69.62 on Thursday. The stock has a market cap of $41.18 billion, a PE ratio of -464.13, a P/E/G ratio of 19.99 and a beta of 2.13. Symbotic Inc. has a 12-month low of $16.32 and a 12-month high of $87.88. The business’s 50-day moving average price is $65.40 and its two-hundred day moving average price is $57.68.

Symbotic (NASDAQ:SYM) last posted its quarterly earnings results on Monday, November 24th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The company had revenue of $618.46 million during the quarter, compared to analyst estimates of $604.00 million. Symbotic had a negative net margin of 0.75% and a negative return on equity of 3.89%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 earnings per share. As a group, analysts expect that Symbotic Inc. will post 0.13 earnings per share for the current year.

Hedge Funds Weigh In On Symbotic

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Symbotic by 2.1% in the third quarter. Vanguard Group Inc. now owns 4,695,021 shares of the company’s stock valued at $253,062,000 after acquiring an additional 98,384 shares during the last quarter. UBS Group AG lifted its position in shares of Symbotic by 22.3% in the 3rd quarter. UBS Group AG now owns 1,105,770 shares of the company’s stock worth $59,601,000 after purchasing an additional 201,547 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Symbotic in the 3rd quarter valued at $34,296,000. ARK Investment Management LLC boosted its stake in shares of Symbotic by 32.4% in the 3rd quarter. ARK Investment Management LLC now owns 589,887 shares of the company’s stock valued at $31,795,000 after purchasing an additional 144,389 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Symbotic by 0.9% during the second quarter. Geode Capital Management LLC now owns 551,216 shares of the company’s stock worth $21,419,000 after buying an additional 4,892 shares during the period.

Analyst Ratings Changes

A number of research analysts have recently commented on SYM shares. Cowen reiterated a “buy” rating on shares of Symbotic in a research note on Wednesday, December 3rd. Cantor Fitzgerald increased their target price on Symbotic from $60.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. The Goldman Sachs Group lowered Symbotic from a “neutral” rating to a “sell” rating and set a $47.00 price target on the stock. in a research note on Tuesday, December 2nd. Needham & Company LLC upped their price objective on Symbotic from $57.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $83.00 price objective on shares of Symbotic in a report on Tuesday, November 25th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $56.50.

Symbotic News Summary

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Company fundamentals: Symbotic reported a 52% jump in FY2024 revenue and announced a bigger AI investment, which investors view as evidence of accelerating top-line growth and product differentiation—this helped drive recent buying interest. Read More.
• Neutral Sentiment: Analyst and market context: Coverage notes upgraded price targets from some firms and a mixed analyst picture (several Buys but many Holds), leaving consensus at a “Hold” with a wide range of targets—this can support further momentum but also caps near-term conviction. Read More.
• Neutral Sentiment: Valuation debate: Market commentary highlights strong recent share-price momentum versus still-negative EPS and a large market cap, signaling the rally is sensitive to execution and margin improvement; expect higher volatility if growth or profitability misses. Read More.
• Neutral Sentiment: Momentum note: Short-form coverage points out Symbotic has been outperforming recent market returns—this can attract momentum traders and amplify intraday moves. Read More.
• Negative Sentiment: Insider selling: Director William M. Boyd III disclosed sales totaling 20,115 shares across early-January filings (5,115 at ~$63.89 and 15,000 at ~$69), cutting his stake materially—large insider sales during a rally are often perceived negatively by investors. Read More.

About Symbotic

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.