Symbotic Inc. (NASDAQ:SYM) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its holdings in shares of Symbotic Inc. (NASDAQ:SYM) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,672 shares of the company’s stock after purchasing an additional 619 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Symbotic were worth $1,154,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc grew its stake in Symbotic by 58.2% during the 4th quarter. IFP Advisors Inc now owns 1,368 shares of the company’s stock worth $32,000 after purchasing an additional 503 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Symbotic by 36.8% in the 3rd quarter. National Bank of Canada FI now owns 3,557 shares of the company’s stock valued at $87,000 after buying an additional 957 shares during the period. Jones Financial Companies Lllp grew its position in shares of Symbotic by 154.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,457 shares of the company’s stock worth $58,000 after buying an additional 1,490 shares in the last quarter. Tanaka Capital Management Inc. grew its position in shares of Symbotic by 3.7% during the third quarter. Tanaka Capital Management Inc. now owns 43,092 shares of the company’s stock worth $1,051,000 after buying an additional 1,555 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Symbotic by 89.9% during the third quarter. Quarry LP now owns 3,508 shares of the company’s stock worth $86,000 after buying an additional 1,661 shares during the period.

Symbotic Stock Up 0.2 %

SYM opened at $20.21 on Tuesday. Symbotic Inc. has a 52 week low of $17.11 and a 52 week high of $48.98. The business’s 50 day moving average is $25.34 and its two-hundred day moving average is $26.73. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of -288.67, a price-to-earnings-growth ratio of 6.48 and a beta of 1.85.

Symbotic (NASDAQ:SYM) last announced its earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Symbotic had a negative net margin of 0.38% and a positive return on equity of 5.11%. Equities analysts expect that Symbotic Inc. will post 0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Symbotic news, Director Todd Krasnow sold 2,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $24.04, for a total transaction of $48,080.00. Following the completion of the transaction, the director now owns 214,036 shares in the company, valued at approximately $5,145,425.44. This represents a 0.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Carol J. Hibbard sold 4,055 shares of Symbotic stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $30.70, for a total transaction of $124,488.50. Following the completion of the sale, the chief financial officer now directly owns 44,386 shares in the company, valued at approximately $1,362,650.20. The trade was a 8.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,442 shares of company stock valued at $2,120,023. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Symbotic from $28.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, February 6th. Northland Securities lifted their price objective on shares of Symbotic from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Needham & Company LLC dropped their target price on Symbotic from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. William Blair restated a “market perform” rating on shares of Symbotic in a research note on Thursday, December 5th. Finally, Citigroup reaffirmed a “buy” rating and set a $37.00 price objective on shares of Symbotic in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.20.

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.