Insider Selling: Symbotic (NASDAQ:SYM) Director Sells $86,420.00 in Stock

Symbotic Inc. (NASDAQ:SYM) Director Charles Kane 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 $43.21, for a total transaction of $86,420.00. Following the completion of the sale, the director owned 89,852 shares of the company’s stock, valued at approximately $3,882,504.92. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Charles Kane also recently made the following trade(s):

• On Wednesday, July 1st, Charles Kane sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $44.90, for a total value of $89,800.00.
• On Monday, June 1st, Charles Kane sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $45.99, for a total transaction of $91,980.00.

Symbotic Trading Down 2.0%

Shares of Symbotic stock traded down $0.94 on Wednesday, reaching $46.52. 2,007,595 shares of the stock were exchanged, compared to its average volume of 1,861,792. The firm has a market capitalization of $28.04 billion, a PE ratio of -930.21, a PEG ratio of 6.76 and a beta of 1.94. Symbotic Inc. has a 1-year low of $38.19 and a 1-year high of $87.88. The business has a fifty day moving average price of $43.16 and a two-hundred day moving average price of $51.05.

Symbotic (NASDAQ:SYM) last released its earnings results on Wednesday, August 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Symbotic had a negative net margin of 0.20% and a negative return on equity of 0.68%. The business had revenue of $720.84 million during the quarter, compared to analyst estimates of $715.03 million. During the same period last year, the business posted ($0.05) EPS. Symbotic’s revenue was up 21.7% compared to the same quarter last year. Research analysts expect that Symbotic Inc. will post 0.23 EPS for the current year.

Wall Street Analyst Weigh In

SYM has been the subject of a number of research reports. Zacks Research cut shares of Symbotic from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. DA Davidson reaffirmed a “buy” rating and set a $70.00 price objective on shares of Symbotic in a research note on Monday, May 11th. Weiss Ratings downgraded shares of Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, The Goldman Sachs Group reduced their price target on Symbotic from $54.00 to $45.00 and set a “sell” rating on the stock in a research note on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Symbotic presently has a consensus rating of “Hold” and a consensus target price of $66.50.

Symbotic News Summary

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.

Institutional Trading of Symbotic

A number of institutional investors and hedge funds have recently bought and sold shares of SYM. Parkside Financial Bank & Trust grew its stake in Symbotic by 100.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 536 shares of the company’s stock worth $32,000 after buying an additional 268 shares during the period. Quarry LP purchased a new stake in Symbotic during the 4th quarter worth $36,000. Parallel Advisors LLC raised its position in Symbotic by 67.3% in the fourth quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock valued at $37,000 after purchasing an additional 249 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Symbotic during the fourth quarter worth about $48,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Symbotic in the fourth quarter valued at about $55,000.

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.