Symbotic Inc. (NASDAQ:SYM – Get Free Report) insider Michael David Dunn sold 1,715 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $28.77, for a total transaction of $49,340.55. Following the completion of the transaction, the insider now owns 87,922 shares of the company’s stock, valued at $2,529,515.94. This trade represents a 0.00 % decrease in their position. 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, October 2nd, Michael David Dunn sold 5,266 shares of Symbotic stock. The stock was sold at an average price of $23.81, for a total transaction of $125,383.46.
Symbotic Stock Down 4.1 %
Shares of SYM stock opened at $27.42 on Friday. Symbotic Inc. has a 12-month low of $17.11 and a 12-month high of $59.82. The firm has a market capitalization of $16.06 billion, a price-to-earnings ratio of -144.32 and a beta of 1.84. The firm has a fifty day moving average of $23.82 and a 200-day moving average of $32.29.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on SYM. Cantor Fitzgerald restated an “overweight” rating and issued a $60.00 price objective on shares of Symbotic in a research report on Friday, October 11th. The Goldman Sachs Group dropped their target price on shares of Symbotic from $40.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. TD Cowen dropped their target price on shares of Symbotic from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. KeyCorp dropped their target price on shares of Symbotic from $55.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Finally, Vertical Research assumed coverage on shares of Symbotic in a research report on Tuesday, July 23rd. They set a “hold” rating and a $45.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.23.
Check Out Our Latest Report on SYM
Hedge Funds Weigh In On Symbotic
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RiverPark Advisors LLC acquired a new position in Symbotic in the 1st quarter worth $37,000. Castleview Partners LLC boosted its stake in Symbotic by 50.0% in the 3rd quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock worth $37,000 after purchasing an additional 500 shares during the period. RFP Financial Group LLC boosted its stake in Symbotic by 22.4% in the 2nd quarter. RFP Financial Group LLC now owns 1,692 shares of the company’s stock worth $59,000 after purchasing an additional 310 shares during the period. Quarry LP acquired a new position in Symbotic in the 2nd quarter worth $65,000. Finally, Natixis Investment Managers International acquired a new position in Symbotic in the 1st quarter worth $90,000.
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.
Recommended Stories
- Five stocks we like better than Symbotic
- What is a Death Cross in Stocks?
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- What Is WallStreetBets and What Stocks Are They Targeting?
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Symbotic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Symbotic and related companies with MarketBeat.com's FREE daily email newsletter.