Symbotic Inc. (NASDAQ:SYM – Get Free Report) Director Todd Krasnow sold 17,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $21.46, for a total value of $364,820.00. Following the completion of the transaction, the director now owns 214,036 shares of the company’s stock, valued at $4,593,212.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Todd Krasnow also recently made the following trade(s):
- On Tuesday, July 2nd, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $35.49, for a total value of $70,980.00.
- On Monday, June 3rd, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $39.79, for a total value of $79,580.00.
- On Tuesday, May 28th, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $40.92, for a total value of $81,840.00.
Symbotic Price Performance
Shares of NASDAQ SYM traded down $1.15 during mid-day trading on Wednesday, hitting $21.77. The company had a trading volume of 2,269,131 shares, compared to its average volume of 1,468,132. Symbotic Inc. has a 1-year low of $21.11 and a 1-year high of $59.82. The company has a market capitalization of $12.73 billion, a PE ratio of -95.50 and a beta of 1.86. The business’s 50-day simple moving average is $35.52 and its 200 day simple moving average is $40.54.
Hedge Funds Weigh In On Symbotic
Several hedge funds have recently made changes to their positions in SYM. Van ECK Associates Corp purchased a new position in shares of Symbotic during the fourth quarter worth about $26,000. RiverPark Advisors LLC purchased a new position in shares of Symbotic during the first quarter worth about $37,000. Global Retirement Partners LLC boosted its holdings in Symbotic by 166.7% in the 1st quarter. Global Retirement Partners LLC now owns 1,056 shares of the company’s stock valued at $48,000 after purchasing an additional 660 shares in the last quarter. Pingora Partners LLC purchased a new stake in Symbotic in the 4th quarter valued at approximately $51,000. Finally, RFP Financial Group LLC boosted its holdings in Symbotic by 22.4% in the 2nd quarter. RFP Financial Group LLC now owns 1,692 shares of the company’s stock valued at $59,000 after purchasing an additional 310 shares in the last quarter.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Craig Hallum lowered their price target on Symbotic from $54.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Cantor Fitzgerald restated an “overweight” rating and set a $60.00 price target on shares of Symbotic in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price target on Symbotic from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. TD Cowen lowered their price target on Symbotic from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Finally, Northland Securities lowered their price target on Symbotic from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.23.
Read Our Latest Stock Analysis on SYM
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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