Symbotic (NASDAQ:SYM) Insider Maria Freve Sells 2,335 Shares of Stock

Symbotic Inc. (NASDAQ:SYM) insider Maria Freve sold 2,335 shares of Symbotic stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $60.08, for a total value of $140,286.80. Following the completion of the transaction, the insider directly owned 3,004 shares of the company’s stock, valued at approximately $180,480.32. This represents a 43.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Symbotic Price Performance

NASDAQ SYM opened at $59.52 on Tuesday. The company has a market cap of $35.84 billion, a P/E ratio of -595.14, a P/E/G ratio of 5.95 and a beta of 2.10. The stock has a 50-day moving average of $54.43 and a two-hundred day moving average of $61.16. Symbotic Inc. has a 1-year low of $20.50 and a 1-year high of $87.88.

Symbotic (NASDAQ:SYM) last released its earnings results on Wednesday, February 4th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). The firm had revenue of $629.99 million during the quarter, compared to analyst estimates of $622.58 million. Symbotic had a negative net margin of 0.45% and a negative return on equity of 1.88%. The business’s revenue was up 29.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, analysts anticipate that Symbotic Inc. will post 0.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on SYM shares. Barclays lifted their target price on Symbotic from $42.00 to $44.00 and gave the company an “underweight” rating in a research report on Monday, March 16th. Citigroup reissued an “outperform” rating on shares of Symbotic in a research report on Thursday, February 5th. Zacks Research raised Symbotic from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Northland Securities set a $73.00 price objective on Symbotic in a research report on Thursday, February 5th. Finally, Needham & Company LLC boosted their price objective on Symbotic from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $65.62.

Institutional Investors Weigh In On Symbotic

Several institutional investors have recently added to or reduced their stakes in SYM. MAI Capital Management lifted its stake in Symbotic by 833.3% during the third quarter. MAI Capital Management now owns 560 shares of the company’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Symbotic by 100.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 536 shares of the company’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Quarry LP purchased a new stake in Symbotic during the fourth quarter worth approximately $36,000. Parallel Advisors LLC lifted its stake in Symbotic by 67.3% during the fourth quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock worth $37,000 after purchasing an additional 249 shares during the last quarter. Finally, Ameriflex Group Inc. lifted its stake in Symbotic by 1,500.0% during the third quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock worth $38,000 after purchasing an additional 660 shares during the last quarter.

Key Stories Impacting Symbotic

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Analyst upgrades and higher targets support upside expectations — several firms have raised targets and ratings (DA Davidson to Buy and higher targets such as $70–$73 noted), which helps underpin investor interest in Symbotic’s automation growth thesis. Symbotic’s Earnings Beat Reignites Upside Talk
• Neutral Sentiment: Revenue strength: the company recently showed continued revenue growth (year-over-year revenue up ~29%), which provides fundamental support even though recent EPS results were mixed. Symbotic Stock Profile
• Neutral Sentiment: Some insider sales were pre-planned or tax-related — at least one transaction was executed under a Rule 10b5‑1 plan and multiple filings say shares were sold to cover tax withholding on vesting awards; that context mutes but does not eliminate negative perception. Insider Selling: Symbotic Insider Sells 9,194 Shares
• Negative Sentiment: Large executive sale — SVP Brian Daniel Alexander sold 37,860 shares (~$2.27M) on April 24 to cover tax withholding; his ownership fell ~46%, which may spook investors because of the size of the sale. Alexander Form 4
• Negative Sentiment: CTO James Kuffner sold 19,729 shares (~$1.18M), reducing his stake by ~9.9% — another sizable insider sale from a senior technologist that can raise governance/sentiment questions even if labeled tax-related. Kuffner Form 4
• Negative Sentiment: Additional insider sales (William M. Boyd III sold 9,194 shares; Maria G. Freve sold 2,335 shares) further reduce insider ownership and may pressure sentiment when clustered in the same period. One Boyd sale was executed under a 10b5‑1 plan. Boyd Form 4

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.