Green Alpha Advisors LLC Acquires New Holdings in Symbotic Inc. $SYM

Green Alpha Advisors LLC acquired a new position in Symbotic Inc. (NASDAQ:SYM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,334 shares of the company’s stock, valued at approximately $557,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. AdvisorNet Financial Inc bought a new stake in Symbotic during the second quarter valued at about $32,000. IAG Wealth Partners LLC bought a new position in shares of Symbotic during the 2nd quarter worth approximately $32,000. Gables Capital Management Inc. purchased a new stake in Symbotic during the second quarter valued at approximately $39,000. NewEdge Advisors LLC boosted its stake in Symbotic by 81.5% in the second quarter. NewEdge Advisors LLC now owns 1,276 shares of the company’s stock valued at $50,000 after acquiring an additional 573 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in Symbotic by 318.5% in the first quarter. AlphaQuest LLC now owns 2,800 shares of the company’s stock worth $57,000 after purchasing an additional 2,131 shares during the last quarter.

Insider Buying and Selling at Symbotic

In related news, Director Merline Saintil sold 9,000 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $84.72, for a total transaction of $762,480.00. Following the completion of the sale, the director directly owned 68,413 shares of the company’s stock, valued at approximately $5,795,949.36. This trade represents a 11.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Svf Sponsor Iii (De) Llc sold 3,500,000 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $53.21, for a total transaction of $186,235,000.00. Following the transaction, the insider directly owned 5,590,000 shares of the company’s stock, valued at approximately $297,443,900. This trade represents a 38.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 7,085,508 shares of company stock worth $378,798,933. Insiders own 0.60% of the company’s stock.

Symbotic Price Performance

SYM stock opened at $58.84 on Wednesday. Symbotic Inc. has a 1 year low of $16.32 and a 1 year high of $87.88. The firm has a market capitalization of $34.81 billion, a PE ratio of -392.27, a price-to-earnings-growth ratio of 16.83 and a beta of 2.10. The business has a 50 day simple moving average of $67.06 and a 200-day simple moving average of $55.44.

Symbotic (NASDAQ:SYM) last released its quarterly earnings data on Monday, November 24th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $618.46 million during the quarter, compared to analyst estimates of $604.00 million. Symbotic had a negative net margin of 0.75% and a negative return on equity of 3.89%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share. On average, equities research analysts expect that Symbotic Inc. will post 0.13 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on SYM shares. Northland Securities increased their price objective on shares of Symbotic from $56.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Cowen reiterated a “buy” rating on shares of Symbotic in a research note on Wednesday, December 3rd. The Goldman Sachs Group lowered shares of Symbotic from a “neutral” rating to a “sell” rating and set a $47.00 price objective on the stock. in a report on Tuesday, December 2nd. Cantor Fitzgerald raised their target price on Symbotic from $60.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Finally, Wall Street Zen upgraded Symbotic from a “sell” rating to a “hold” rating in a research note on Sunday, November 30th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Symbotic currently has an average rating of “Hold” and an average price target of $56.50.

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.