Symbotic Inc. (NASDAQ:SYM – Get Free Report) insider Michael David Dunn sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the transaction, the insider now owns 72,032 shares in the company, valued at $2,881,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Michael David Dunn also recently made the following trade(s):
- On Wednesday, April 24th, Michael David Dunn sold 1,747 shares of Symbotic stock. The stock was sold at an average price of $40.08, for a total transaction of $70,019.76.
- On Tuesday, April 2nd, Michael David Dunn sold 5,444 shares of Symbotic stock. The stock was sold at an average price of $43.29, for a total transaction of $235,670.76.
Symbotic Trading Up 2.9 %
Shares of SYM stock opened at $41.13 on Monday. Symbotic Inc. has a fifty-two week low of $23.58 and a fifty-two week high of $64.14. The stock has a 50 day moving average price of $42.99 and a two-hundred day moving average price of $44.19.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on SYM shares. DA Davidson raised shares of Symbotic from a “neutral” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, February 7th. Northland Securities increased their target price on shares of Symbotic from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Needham & Company LLC dropped their target price on shares of Symbotic from $58.00 to $54.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $60.00 target price on shares of Symbotic in a report on Tuesday, February 6th. Finally, KeyCorp dropped their target price on shares of Symbotic from $63.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.
Read Our Latest Research Report on Symbotic
Institutional Investors Weigh In On Symbotic
A number of institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp bought a new position in shares of Symbotic during the fourth quarter valued at $26,000. Providence Capital Advisors LLC bought a new position in shares of Symbotic during the third quarter valued at $33,000. RiverPark Advisors LLC bought a new position in shares of Symbotic during the first quarter valued at $37,000. Global Retirement Partners LLC lifted its holdings in shares of Symbotic by 166.7% during the first quarter. Global Retirement Partners LLC now owns 1,056 shares of the company’s stock valued at $48,000 after purchasing an additional 660 shares in the last quarter. Finally, Pingora Partners LLC bought a new position in shares of Symbotic during the fourth quarter valued at $51,000.
About Symbotic
Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.
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