Symbotic Inc. (NASDAQ:SYM) Director Todd Krasnow Sells 2,000 Shares

Symbotic Inc. (NASDAQ:SYM) Director Todd Krasnow sold 2,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $28.15, for a total value of $56,300.00. Following the completion of the sale, the director now directly owns 214,036 shares in the company, valued at approximately $6,025,113.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Todd Krasnow also recently made the following trade(s):

• On Tuesday, October 1st, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $23.96, for a total value of $47,920.00.
• On Tuesday, September 3rd, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $18.75, for a total transaction of $37,500.00.

Symbotic Trading Up 8.0 %

Symbotic stock opened at $31.63 on Thursday. Symbotic Inc. has a 1 year low of $17.11 and a 1 year high of $59.82. The company’s 50-day moving average is $24.82 and its two-hundred day moving average is $31.57. The company has a market cap of $18.52 billion, a PE ratio of -166.47 and a beta of 1.81.

Hedge Funds Weigh In On Symbotic

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. lifted its stake in Symbotic by 76.6% in the third quarter. Oppenheimer & Co. Inc. now owns 13,131 shares of the company’s stock valued at $320,000 after buying an additional 5,694 shares during the period. Baillie Gifford & Co. raised its position in shares of Symbotic by 32.0% in the 3rd quarter. Baillie Gifford & Co. now owns 14,070,999 shares of the company’s stock valued at $343,192,000 after acquiring an additional 3,410,050 shares during the period. GSA Capital Partners LLP acquired a new position in Symbotic during the third quarter valued at approximately $602,000. Atria Investments Inc increased its stake in Symbotic by 64.1% in the third quarter. Atria Investments Inc now owns 10,950 shares of the company’s stock valued at $267,000 after purchasing an additional 4,277 shares in the last quarter. Finally, AlphaCentric Advisors LLC raised its holdings in Symbotic by 25.0% in the third quarter. AlphaCentric Advisors LLC now owns 25,000 shares of the company’s stock worth $610,000 after purchasing an additional 5,000 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have commented on SYM. Citigroup reduced their price target on shares of Symbotic from $62.00 to $49.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Vertical Research initiated coverage on Symbotic in a research report on Tuesday, July 23rd. They set a “hold” rating and a $45.00 price target on the stock. KeyCorp dropped their price target on Symbotic from $55.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on Symbotic from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, Craig Hallum lowered their target price on Symbotic from $54.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.23.

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.