Symbotic Inc. $SYM Shares Sold by Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lowered its position in Symbotic Inc. (NASDAQ:SYM) by 35.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,225 shares of the company’s stock after selling 43,270 shares during the quarter. Symbotic accounts for 1.7% of Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s investment portfolio, making the stock its 13th biggest position. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s holdings in Symbotic were worth $4,216,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. MAI Capital Management increased 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 acquiring an additional 500 shares during the last quarter. Ameriflex Group Inc. lifted its stake in shares of Symbotic by 1,500.0% in the 3rd quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock valued at $38,000 after purchasing an additional 660 shares in the last quarter. IAG Wealth Partners LLC acquired a new position in shares of Symbotic in the 2nd quarter valued at about $32,000. Fifth Third Bancorp grew its holdings in shares of Symbotic by 20,000.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,005 shares of the company’s stock worth $54,000 after purchasing an additional 1,000 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Symbotic by 81.5% during the 2nd quarter. NewEdge Advisors LLC now owns 1,276 shares of the company’s stock worth $50,000 after purchasing an additional 573 shares during the period.

Symbotic Stock Performance

Shares of NASDAQ:SYM opened at $49.43 on Friday. The company has a market cap of $29.77 billion, a P/E ratio of -494.25, a PEG ratio of 5.07 and a beta of 2.13. Symbotic Inc. has a one year low of $16.32 and a one year high of $87.88. The business’s 50-day simple moving average is $58.68 and its 200 day simple moving average is $60.67.

Symbotic (NASDAQ:SYM) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The company had revenue of $629.99 million during the quarter, compared to analysts’ expectations of $622.58 million. Symbotic had a negative return on equity of 1.88% and a negative net margin of 0.45%.The firm’s revenue was up 29.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) EPS. Analysts predict that Symbotic Inc. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

SYM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Symbotic from $55.00 to $63.00 and gave the company a “hold” rating in a report on Tuesday, November 25th. TD Cowen reiterated a “buy” rating on shares of Symbotic in a research note on Wednesday, December 3rd. Northcoast Research lowered shares of Symbotic from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 25th. Zacks Research raised shares of Symbotic from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Barclays lifted their target price on shares of Symbotic from $41.00 to $42.00 and gave the company an “underweight” rating in a report on Monday, January 12th. Six research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Symbotic currently has a consensus rating of “Hold” and an average price target of $60.57.

Insider Activity at Symbotic

In other news, CTO James Kuffner sold 3,669 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $56.84, for a total transaction of $208,545.96. Following the transaction, the chief technology officer directly owned 151,061 shares of the company’s stock, valued at approximately $8,586,307.24. The trade was a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Todd Krasnow sold 2,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $47.70, for a total transaction of $95,400.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 195,947 shares of company stock valued at $11,597,675. 8.16% of the stock is currently owned by corporate insiders.

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.