Todd Krasnow Sells 2,000 Shares of Symbotic Inc. (NASDAQ:SYM) Stock

Symbotic Inc. (NASDAQ:SYM) Director Todd Krasnow sold 2,000 shares of Symbotic stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $28.15, for a total value of $56,300.00. Following the transaction, the director now owns 214,036 shares in the company, valued at $6,025,113.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, October 1st, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $23.96, for a total value of $47,920.00.
• On Tuesday, September 3rd, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $18.75, for a total value of $37,500.00.

Symbotic Stock Up 8.0 %

Shares of SYM stock traded up $2.33 during mid-day trading on Wednesday, reaching $31.63. 1,350,499 shares of the stock traded hands, compared to its average volume of 1,575,457. The stock’s fifty day simple moving average is $24.59 and its two-hundred day simple moving average is $31.57. Symbotic Inc. has a 1-year low of $17.11 and a 1-year high of $59.82. The company has a market cap of $18.52 billion, a price-to-earnings ratio of -166.47 and a beta of 1.81.

Analyst Ratings Changes

SYM has been the topic of several research reports. Robert W. Baird cut their target price on Symbotic from $53.00 to $41.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Northland Securities cut their target price on Symbotic from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Needham & Company LLC cut their target price on Symbotic from $54.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Symbotic from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, BWS Financial reissued a “sell” rating and set a $10.00 target price on shares of Symbotic in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Symbotic has a consensus rating of “Moderate Buy” and a consensus target price of $43.23.

Institutional Trading of Symbotic

Hedge funds have recently made changes to their positions in the company. RFP Financial Group LLC lifted 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 worth $62,000 after acquiring an additional 242 shares during the period. Castleview Partners LLC lifted its stake in shares of 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 acquiring an additional 500 shares during the period. Quarry LP acquired a new position in shares of Symbotic in the second quarter worth approximately $65,000. Arcadia Investment Management Corp MI acquired a new position in shares of Symbotic in the third quarter worth approximately $49,000. Finally, Natixis Investment Managers International acquired a new position in shares of Symbotic in the first quarter worth approximately $90,000.

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.