Symbotic Inc. (NASDAQ:SYM – Get Free Report) Director Todd Krasnow sold 2,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $45.27, for a total transaction of $90,540.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Todd Krasnow also recently made the following trade(s):
- On Monday, July 6th, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $43.92, for a total transaction of $87,840.00.
- On Thursday, May 21st, Todd Krasnow sold 3,367 shares of Symbotic stock. The shares were sold at an average price of $51.00, for a total transaction of $171,717.00.
- On Monday, June 1st, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $47.30, for a total transaction of $94,600.00.
- On Friday, May 22nd, Todd Krasnow sold 19,655 shares of Symbotic stock. The stock was sold at an average price of $53.73, for a total transaction of $1,056,063.15.
- On Friday, May 22nd, Todd Krasnow sold 6,978 shares of Symbotic stock. The stock was sold at an average price of $52.12, for a total transaction of $363,693.36.
- On Monday, May 11th, Todd Krasnow sold 25,422 shares of Symbotic stock. The shares were sold at an average price of $52.45, for a total transaction of $1,333,383.90.
Symbotic Stock Down 2.0%
Shares of SYM traded down $0.94 during trading hours on Wednesday, reaching $46.52. The stock had a trading volume of 2,007,595 shares, compared to its average volume of 1,861,792. Symbotic Inc. has a 52 week low of $38.19 and a 52 week high of $87.88. The firm has a 50-day moving average of $43.16 and a 200 day moving average of $51.05. The company has a market cap of $28.04 billion, a P/E ratio of -930.21, a P/E/G ratio of 6.76 and a beta of 1.94.
Hedge Funds Weigh In On Symbotic
Large investors have recently modified their holdings of the business. Federation des caisses Desjardins du Quebec increased its position in shares of Symbotic by 5.2% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,493 shares of the company’s stock valued at $267,000 after acquiring an additional 224 shares during the last quarter. Barton Investment Management grew its stake in Symbotic by 0.8% in the fourth quarter. Barton Investment Management now owns 30,658 shares of the company’s stock valued at $1,824,000 after purchasing an additional 233 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Symbotic by 2.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,375 shares of the company’s stock worth $677,000 after purchasing an additional 236 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Symbotic by 67.3% during the 4th quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock worth $37,000 after purchasing an additional 249 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Symbotic by 4.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,753 shares of the company’s stock valued at $342,000 after buying an additional 266 shares during the last quarter.
More Symbotic News
Here are the key news stories impacting Symbotic this week:
- Positive Sentiment: Symbotic reported third-quarter fiscal 2026 revenue of approximately $721 million, up 22% year over year and ahead of the $715 million analyst consensus. Net income was $55 million, compared with a $21 million loss in the year-ago quarter. Symbotic Reports Third Quarter Fiscal Year 2026 Results
- Positive Sentiment: Management forecast fourth-quarter revenue of $760 million to $780 million, a range that brackets the $770.7 million consensus estimate and signals continued demand for the company’s warehouse-automation systems.
- Positive Sentiment: Former Bain Capital co-chair Steve Pagliuca was elected to Symbotic’s board, potentially adding financial and strategic expertise as the company expands its artificial-intelligence-enabled robotics business. Symbotic Reports Third Quarter Fiscal Year 2026 Results
- Neutral Sentiment: Coverage of Symbotic’s use of AI coding agents highlights the company’s efforts to manage software-development costs as AI usage increases, but provides limited new information about near-term financial results. AI coding agents are blowing through budgets
- Negative Sentiment: Quarterly EPS was $0.09, below the $0.13 consensus estimate. Although revenue exceeded expectations, the earnings shortfall likely drove the negative market reaction and renewed concerns about profitability. Symbotic earnings release
- Negative Sentiment: Directors Todd Krasnow and Charles Kane each sold 2,000 shares under pre-arranged Rule 10b5-1 plans. The sales were relatively small and scheduled in advance, limiting their signaling value, but they may still weigh modestly on sentiment.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. DA Davidson reiterated a “buy” rating and issued a $70.00 price objective on shares of Symbotic in a research report on Monday, May 11th. The Goldman Sachs Group dropped their target price on shares of Symbotic from $54.00 to $45.00 and set a “sell” rating on the stock in a report on Tuesday, May 26th. Weiss Ratings cut shares of Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, Zacks Research downgraded shares of Symbotic from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $66.50.
View Our Latest Report on Symbotic
Symbotic Company 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.
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