Natixis Investment Managers International bought a new stake in shares of Symbotic Inc. (NASDAQ:SYM – Free Report) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 2,001 shares of the company’s stock, valued at approximately $90,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SYM. Van ECK Associates Corp bought a new stake in Symbotic during the 4th quarter valued at approximately $26,000. RiverPark Advisors LLC bought a new stake in Symbotic during the 1st quarter valued at approximately $37,000. Global Retirement Partners LLC raised its stake in Symbotic by 166.7% during the 1st 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 during the period. Pingora Partners LLC bought a new stake in Symbotic during the 4th quarter valued at approximately $51,000. Finally, RFP Financial Group LLC raised its stake in Symbotic by 21.2% during the 1st quarter. RFP Financial Group LLC now owns 1,382 shares of the company’s stock valued at $62,000 after purchasing an additional 242 shares during the period.
Insider Buying and Selling at Symbotic
In other Symbotic news, Director Todd Krasnow sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $40.92, for a total value of $81,840.00. Following the transaction, the director now owns 214,036 shares of the company’s stock, valued at approximately $8,758,353.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Michael David Dunn sold 5,188 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $35.49, for a total transaction of $184,122.12. Following the transaction, the insider now owns 76,808 shares of the company’s stock, valued at approximately $2,725,915.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Todd Krasnow sold 2,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $40.92, for a total value of $81,840.00. Following the transaction, the director now directly owns 214,036 shares in the company, valued at approximately $8,758,353.12. The disclosure for this sale can be found here. Insiders have sold 152,106 shares of company stock valued at $6,045,053 in the last quarter. 38.30% of the stock is owned by insiders.
Symbotic Stock Up 4.6 %
Symbotic (NASDAQ:SYM – Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.25. The company had revenue of $424.30 million for the quarter, compared to the consensus estimate of $415.98 million. Symbotic had a positive return on equity of 5.27% and a negative net margin of 1.27%. Equities analysts predict that Symbotic Inc. will post -0.03 EPS for the current fiscal year.
Wall Street Analyst Weigh In
SYM has been the topic of a number of research reports. William Blair reaffirmed a “market perform” rating on shares of Symbotic in a research note on Friday, May 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on Symbotic from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Craig Hallum lifted their price objective on Symbotic from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. The Goldman Sachs Group reduced their price objective on Symbotic from $46.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, Vertical Research initiated coverage on Symbotic in a research note on Tuesday. They issued a “hold” rating and a $45.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Symbotic currently has an average rating of “Moderate Buy” and an average price target of $52.50.
Check Out Our Latest Analysis on Symbotic
Symbotic Profile
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.
Featured Stories
- Five stocks we like better than Symbotic
- How to Start Investing in Real Estate
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- Most active stocks: Dollar volume vs share volume
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- What is a Death Cross in Stocks?
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Want to see what other hedge funds are holding SYM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Symbotic Inc. (NASDAQ:SYM – Free Report).
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.