6,700 Shares in Symbotic Inc. (NASDAQ:SYM) Acquired by Toth Financial Advisory Corp

Toth Financial Advisory Corp bought a new position in shares of Symbotic Inc. (NASDAQ:SYM) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,700 shares of the company’s stock, valued at approximately $302,000.

Other institutional investors have also made changes to their positions in the company. Barclays PLC increased its holdings in shares of Symbotic by 195.5% during the 3rd quarter. Barclays PLC now owns 8,008 shares of the company’s stock worth $268,000 after acquiring an additional 5,298 shares during the last quarter. LPL Financial LLC boosted its stake in Symbotic by 578.0% in the 3rd quarter. LPL Financial LLC now owns 102,059 shares of the company’s stock valued at $3,412,000 after purchasing an additional 87,006 shares during the period. Quadrature Capital Ltd bought a new stake in Symbotic in the 4th quarter valued at $1,669,000. Swiss National Bank boosted its stake in Symbotic by 3.0% in the 3rd quarter. Swiss National Bank now owns 33,800 shares of the company’s stock valued at $1,130,000 after purchasing an additional 1,000 shares during the period. Finally, Seven Eight Capital LP bought a new stake in Symbotic in the 4th quarter valued at $2,568,000.

Insider Activity

In other news, major shareholder David A. Ladensohn sold 50,000 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $40.89, for a total value of $2,044,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder David A. Ladensohn sold 50,000 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $40.89, for a total value of $2,044,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael David Dunn sold 1,200 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $44.02, for a total value of $52,824.00. Following the completion of the sale, the insider now directly owns 70,832 shares of the company’s stock, valued at approximately $3,118,024.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 150,214 shares of company stock valued at $6,030,760. Company insiders own 38.30% of the company’s stock.

Symbotic Stock Down 0.1 %

Shares of SYM opened at $35.16 on Friday. Symbotic Inc. has a 12-month low of $29.62 and a 12-month high of $64.14. The business has a 50-day simple moving average of $39.54 and a two-hundred day simple moving average of $43.17.

Symbotic (NASDAQ:SYM) last issued its earnings results on Monday, May 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.25. Symbotic had a positive return on equity of 5.27% and a negative net margin of 1.27%. The business had revenue of $424.30 million during the quarter, compared to analysts’ expectations of $415.98 million. As a group, analysts expect that Symbotic Inc. will post -0.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on SYM shares. Needham & Company LLC restated a “buy” rating and issued a $54.00 price target on shares of Symbotic in a research note on Tuesday, May 7th. William Blair reiterated a “market perform” rating on shares of Symbotic in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft upped their target price on Symbotic from $57.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Craig Hallum upped their price objective on Symbotic from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Finally, Northland Securities upped their price objective on Symbotic from $55.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Symbotic Company 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.