S Squared Technology LLC Has $15.72 Million Stock Position in Symbotic Inc. $SYM

S Squared Technology LLC decreased its holdings in shares of Symbotic Inc. (NASDAQ:SYM) by 24.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,126 shares of the company’s stock after selling 85,874 shares during the period. Symbotic makes up about 6.1% of S Squared Technology LLC’s holdings, making the stock its 3rd largest holding. S Squared Technology LLC’s holdings in Symbotic were worth $15,715,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Symbotic by 47.6% during the fourth quarter. Vanguard Group Inc. now owns 6,932,158 shares of the company’s stock valued at $412,463,000 after purchasing an additional 2,237,137 shares in the last quarter. Morgan Stanley raised its position in Symbotic by 85.4% during the fourth quarter. Morgan Stanley now owns 2,530,874 shares of the company’s stock valued at $150,587,000 after purchasing an additional 1,165,513 shares in the last quarter. JPMorgan Chase & Co. raised its position in Symbotic by 51,346.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,174,372 shares of the company’s stock valued at $129,375,000 after purchasing an additional 2,178,615 shares in the last quarter. UBS Group AG raised its position in Symbotic by 22.3% during the third quarter. UBS Group AG now owns 1,105,770 shares of the company’s stock valued at $59,601,000 after purchasing an additional 201,547 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Symbotic by 24.4% during the fourth quarter. Renaissance Technologies LLC now owns 905,700 shares of the company’s stock valued at $53,889,000 after purchasing an additional 177,800 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SYM. Barclays raised their price target on Symbotic from $42.00 to $44.00 and gave the company an “underweight” rating in a research report on Monday, March 16th. Zacks Research upgraded Symbotic from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Wall Street Zen downgraded Symbotic from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. UBS Group set a $70.00 price target on Symbotic in a research report on Wednesday, February 18th. Finally, Weiss Ratings downgraded Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.23.

Symbotic Stock Performance

SYM opened at $41.63 on Monday. The company has a market cap of $25.09 billion, a P/E ratio of -832.43, a P/E/G ratio of 6.14 and a beta of 1.92. The business’s 50-day moving average price is $52.90 and its 200-day moving average price is $57.26. Symbotic Inc. has a 12 month low of $27.26 and a 12 month high of $87.88.

Symbotic (NASDAQ:SYM) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.11). The company had revenue of $676.48 million during the quarter, compared to analysts’ expectations of $662.66 million. Symbotic had a negative return on equity of 0.68% and a negative net margin of 0.20%.The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) EPS. Equities research analysts forecast that Symbotic Inc. will post 0.23 earnings per share for the current fiscal year.

Insider Transactions at Symbotic

In other news, CTO James Kuffner sold 19,729 shares of Symbotic stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $59.82, for a total value of $1,180,188.78. Following the transaction, the chief technology officer owned 179,255 shares in the company, valued at approximately $10,723,034.10. The trade was a 9.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Todd Krasnow sold 25,422 shares of Symbotic stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $52.45, for a total value of $1,333,383.90. Following the completion of the transaction, the director owned 182,036 shares in the company, valued at approximately $9,547,788.20. This represents a 12.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 144,431 shares of company stock valued at $8,141,204. 8.16% of the stock is currently owned by corporate insiders.

Symbotic Profile

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.