Symbotic Inc. (NASDAQ:SYM) Michael David Dunn sells 5,266 shares

The Symbotic Inc. Insider (NASDAQ:SYM – Get Your Free Report) 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 transaction, the insider now directly owns 85,224 shares of the company’s stock, valued at $2,029,183.44. The sale was disclosed in a filing with the SEC, which is accessible via this link.

Michael David Dunn also recently traded:

• On Wednesday, July 24th, Michael David Dunn sold 1,895 shares of Symbotic stock. The shares were sold at an average price of $36.56, for a total value of $69,281.20.
• On Monday, July 15th, Michael David Dunn sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $40.00, for a total value of $80,000.00.

Symbolic price performance

Symbol stock traded down $1.12 during mid-day trading on Thursday, reaching $23.06. The company’s stock had a trading volume of 1,415,383 shares, compared to its average volume of 1,599,866. Symbotic Inc. it has a 52 week low of $17.11 and a 52 week high of $59.82. The company’s 50-day moving average is $23.22, and its 200-day moving average is $34.47. The company has a market cap of $13.50 billion, a PE ratio of -99.62 and a beta of 1.81.

Symbotic (NASDAQ:SYM – Get Your Free Report ) last posted its quarterly earnings results on Monday, July 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $491.86 million for the quarter, compared to analyst estimates of $464.56 million. Symbotic had a positive return on equity of 4.08% and a negative net margin of 1.03%. The company’s revenue for the quarter was up 57.7% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of ($0.07). As a group, analysts forecast that Symbotic Inc. will record -0.08 EPS for the current year.

Institutional trading of Symbotic

Institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in Symbotic by 12.4% in the second quarter. Baillie Gifford & Co. now owns 10,660,949 shares of the company’s stock worth $374,839,000 after purchasing an additional 1,177,578 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Symbotic by 16.6% in the first quarter. Vanguard Group Inc. now owns 2,426,420 shares of the company’s stock worth $109,189,000 after acquiring an additional 345,386 shares during the period. 1832 Asset Management LP raised its holdings in shares of Symbotic by 189.5% during the 4th quarter. 1832 Asset Management LP now owns 1,055,400 shares of the company’s stock worth $54,174,000 after buying an additional 690,900 shares. of shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Symbotic by 191.5% in the second quarter. Canada Pension Plan Investment Board now owns 775,900 shares of the company’s stock valued at $27,281,000 after buying an additional 509,700 shares in the last quarter. Finally, Raymond James & Associates grew its position in Symbotic by 8.4% in the second quarter. Raymond James & Associates now owns 668,103 shares of the company’s stock worth $23,491,000 after purchasing an additional 51,712 shares during the period.

Analysts set new price targets

Several equities analysts recently weighed in on SYM shares. Craig Hallum decreased their price objective on shares of Symbotic from $54.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. KeyCorp cut their price target on shares of Symbotic from $55.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Symbotic from $58.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. BWS Financial reissued a “sell” rating and set a $10.00 price objective on shares of Symbotic in a research note on Friday, September 27th. Finally, Citigroup cut their price target on Symbotic from $62.00 to $49.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Symbotic presently has an average rating of “Moderate Buy” and an average target price of $43.23.

See the latest stock analysis on Symbotic

Symbolic company profile

(Get a free report)

Symbotic Inc, an automation technology company, is committed to developing technologies to improve operational efficiency in modern warehouses. The company automates the processing of pallets and boxes in large warehouses or distribution centers for retail companies. Its systems improve operations at the front end of the supply chain.

Featured stories

Get news and reviews for Symbotic Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Symbotic and related companies with MarketBeat.com’s FREE daily email newsletter.