Maria Freve Sells 2,244 Shares of Symbotic (NASDAQ:SYM) Stock

Symbotic Inc. (NASDAQ:SYM) insider Maria Freve sold 2,244 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $40.28, for a total value of $90,388.32. Following the transaction, the insider owned 3,096 shares of the company’s stock, valued at $124,706.88. The trade was a 42.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Symbotic Price Performance

Shares of SYM stock opened at $40.34 on Thursday. The stock has a market cap of $24.31 billion, a PE ratio of -806.64, a price-to-earnings-growth ratio of 6.24 and a beta of 1.93. The stock has a 50-day moving average of $43.81 and a 200-day moving average of $51.77. Symbotic Inc. has a one year low of $38.19 and a one year high of $87.88.

Symbotic (NASDAQ:SYM) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.11). Symbotic had a negative return on equity of 0.68% and a negative net margin of 0.20%.The firm had revenue of $676.48 million for the quarter, compared to the consensus estimate of $662.65 million. During the same period in the previous year, the business earned ($0.04) EPS. The firm’s revenue was up 23.1% compared to the same quarter last year. As a group, research analysts anticipate that Symbotic Inc. will post 0.23 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SYM. Weiss Ratings cut shares of Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. DA Davidson restated 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 price objective on Symbotic from $54.00 to $45.00 and set a “sell” rating on the stock in a research note on Tuesday, May 26th. Finally, Zacks Research lowered Symbotic from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $66.50.

Key Symbotic News

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Symbotic’s latest quarterly revenue rose 23.1% year over year to approximately $676.5 million, exceeding analyst expectations of about $662.7 million. Several analysts still maintain Buy ratings, with the consensus price target substantially above the current trading level. Symbotic’s Earnings Beat Reignites Upside Talk
• Positive Sentiment: Large institutional investors, including Vanguard, JPMorgan Chase and Morgan Stanley, increased their Symbotic positions in the latest reported quarter, suggesting continued long-term institutional interest.
• Neutral Sentiment: Maria Freve sold 2,244 shares for roughly $90,000, while CTO James Kuffner and SVP Brian Alexander also reported sales. The filings said the transactions were intended to cover tax withholding obligations related to vested equity awards, reducing their significance as a signal of deteriorating business confidence. Symbotic Insider Transaction
• Negative Sentiment: The company’s latest earnings per share came in at $0.01, below the $0.12 consensus estimate. Symbotic also reported a slightly negative net margin and return on equity, reinforcing concerns that strong revenue growth has not yet translated into consistent profitability.
• Negative Sentiment: Recent research actions have become more cautious: Goldman Sachs lowered its price target and retained a Sell rating, while Zacks Research downgraded the stock to Strong Sell. The consensus rating remains Hold despite several Buy recommendations.
• Negative Sentiment: Multiple insider sales disclosed over the past several days added to selling pressure, even though most were linked to tax obligations. The stock’s elevated valuation relative to current earnings and high volatility may also be prompting investors to reduce exposure.

Institutional Trading of Symbotic

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Symbotic by 47.6% in the fourth quarter. Vanguard Group Inc. now owns 6,932,158 shares of the company’s stock valued at $412,463,000 after buying an additional 2,237,137 shares during the period. Morgan Stanley raised its holdings in shares of Symbotic by 85.4% during the fourth quarter. Morgan Stanley now owns 2,530,874 shares of the company’s stock worth $150,587,000 after acquiring an additional 1,165,513 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Symbotic by 51,346.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,174,372 shares of the company’s stock worth $129,375,000 after acquiring an additional 2,178,615 shares during the period. UBS Group AG lifted its position in Symbotic by 22.3% in the 3rd quarter. UBS Group AG now owns 1,105,770 shares of the company’s stock valued at $59,601,000 after acquiring an additional 201,547 shares in the last quarter. Finally, Ghisallo Capital Management LLC bought a new stake in Symbotic in the 4th quarter valued at $63,034,000.

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.