Brian Daniel Alexander Sells 9,130 Shares of Symbotic (NASDAQ:SYM) Stock

Symbotic Inc. (NASDAQ:SYM) SVP Brian Daniel Alexander sold 9,130 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $40.30, for a total transaction of $367,939.00. Following the completion of the transaction, the senior vice president owned 55,611 shares in the company, valued at $2,241,123.30. This represents a 14.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Symbotic Stock Performance

Symbotic stock opened at $40.34 on Thursday. The company has a market capitalization of $24.31 billion, a PE ratio of -806.64, a P/E/G ratio of 6.24 and a beta of 1.93. The company has a 50 day moving average price of $43.81 and a 200-day moving average price of $51.77. Symbotic Inc. has a fifty-two week low of $38.19 and a fifty-two week high of $87.88.

Symbotic (NASDAQ:SYM) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.11). The firm had revenue of $676.48 million during the quarter, compared to the consensus estimate of $662.65 million. Symbotic had a negative return on equity of 0.68% and a negative net margin of 0.20%.The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the company earned ($0.04) EPS. On average, analysts forecast that Symbotic Inc. will post 0.23 earnings per share for the current year.

Key Stories Impacting Symbotic

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Symbotic’s latest quarterly revenue rose 23.1% year over year to approximately $676.5 million, exceeding analyst expectations of about $662.7 million. Several analysts still maintain Buy ratings, with the consensus price target substantially above the current trading level. Symbotic’s Earnings Beat Reignites Upside Talk
• Positive Sentiment: Large institutional investors, including Vanguard, JPMorgan Chase and Morgan Stanley, increased their Symbotic positions in the latest reported quarter, suggesting continued long-term institutional interest.
• Neutral Sentiment: Maria Freve sold 2,244 shares for roughly $90,000, while CTO James Kuffner and SVP Brian Alexander also reported sales. The filings said the transactions were intended to cover tax withholding obligations related to vested equity awards, reducing their significance as a signal of deteriorating business confidence. Symbotic Insider Transaction
• Negative Sentiment: The company’s latest earnings per share came in at $0.01, below the $0.12 consensus estimate. Symbotic also reported a slightly negative net margin and return on equity, reinforcing concerns that strong revenue growth has not yet translated into consistent profitability.
• Negative Sentiment: Recent research actions have become more cautious: Goldman Sachs lowered its price target and retained a Sell rating, while Zacks Research downgraded the stock to Strong Sell. The consensus rating remains Hold despite several Buy recommendations.
• Negative Sentiment: Multiple insider sales disclosed over the past several days added to selling pressure, even though most were linked to tax obligations. The stock’s elevated valuation relative to current earnings and high volatility may also be prompting investors to reduce exposure.

Analyst Ratings Changes

SYM has been the subject of several recent research reports. Zacks Research downgraded Symbotic from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. The Goldman Sachs Group dropped their target price on shares of Symbotic from $54.00 to $45.00 and set a “sell” rating on the stock in a report on Tuesday, May 26th. DA Davidson reissued a “buy” rating and set a $70.00 target price on shares of Symbotic in a research report on Monday, May 11th. Finally, Weiss Ratings lowered shares of Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Symbotic presently has an average rating of “Hold” and an average price target of $66.50.

Hedge Funds Weigh In On Symbotic

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC lifted its position in shares of Symbotic by 41.9% during the second quarter. Wealthcare Advisory Partners LLC now owns 6,792 shares of the company’s stock valued at $305,000 after buying an additional 2,005 shares during the last quarter. Polianta Ltd boosted its holdings in shares of Symbotic by 16.7% in the 2nd quarter. Polianta Ltd now owns 35,000 shares of the company’s stock valued at $1,573,000 after buying an additional 5,000 shares in the last quarter. 180 Wealth Advisors LLC grew its position in shares of Symbotic by 3.6% in the 2nd quarter. 180 Wealth Advisors LLC now owns 61,717 shares of the company’s stock worth $2,774,000 after buying an additional 2,116 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of Symbotic in the 1st quarter worth approximately $113,000. Finally, Centaurus Financial Inc. raised its stake in shares of Symbotic by 62.1% during the 1st quarter. Centaurus Financial Inc. now owns 2,814 shares of the company’s stock worth $150,000 after acquiring an additional 1,078 shares in the last quarter.

Symbotic Company Profile

Symbotic Inc (NASDAQ: SYM) is a provider of advanced warehouse automation and robotics systems designed to improve throughput, space utilization and labor productivity in distribution centers and fulfillment operations. The company develops integrated hardware and software solutions that automate the storage, retrieval, sorting and palletizing of goods, positioning itself as a systems integrator for material handling challenges faced by large-scale retailers, wholesalers and third-party logistics providers.

Products and services typically include autonomous robotic vehicles and shuttle systems, automated storage-and-retrieval equipment, robotic picking and palletizing cells, conveyors and sortation, together with control and management software that coordinates fleet operations and inventory flow.