Symbotic Inc. (NASDAQ:SYM – Get Free Report) insider William M. Boyd III sold 8,826 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $28.33, for a total transaction of $250,040.58. Following the completion of the transaction, the insider now directly owns 23,012 shares of the company’s stock, valued at $651,929.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Symbotic Trading Up 1.5 %
Shares of NASDAQ:SYM opened at $29.96 on Thursday. The company has a market cap of $17.54 billion, a price-to-earnings ratio of -157.68 and a beta of 1.84. Symbotic Inc. has a 12 month low of $17.11 and a 12 month high of $59.82. The company has a 50-day moving average price of $24.10 and a 200 day moving average price of $31.98.
Symbotic (NASDAQ:SYM – Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $491.86 million during the quarter, compared to the consensus estimate of $464.56 million. Symbotic had a negative net margin of 1.03% and a positive return on equity of 4.08%. Symbotic’s revenue for the quarter was up 57.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.07) earnings per share. As a group, equities analysts forecast that Symbotic Inc. will post -0.08 EPS for the current year.
Wall Street Analyst Weigh In
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Institutional Trading of Symbotic
A number of institutional investors have recently bought and sold shares of SYM. RFP Financial Group LLC raised its stake in shares of Symbotic by 21.2% in the first quarter. RFP Financial Group LLC now owns 1,382 shares of the company’s stock valued at $62,000 after acquiring an additional 242 shares during the period. Advisors Asset Management Inc. grew its holdings in Symbotic by 11.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,740 shares of the company’s stock valued at $123,000 after purchasing an additional 284 shares during the last quarter. Castleview Partners LLC raised its position in Symbotic by 50.0% in the 3rd 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 period. California State Teachers Retirement System lifted its stake in Symbotic by 4.5% in the first quarter. California State Teachers Retirement System now owns 15,057 shares of the company’s stock worth $678,000 after purchasing an additional 654 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Symbotic by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 8,655 shares of the company’s stock valued at $304,000 after buying an additional 679 shares during the period.
About Symbotic
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.
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