James Kuffner Sells 18,987 Shares of Symbotic (NASDAQ:SYM) Stock

Symbotic Inc. (NASDAQ:SYM) CTO James Kuffner sold 18,987 shares of Symbotic stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $40.38, for a total transaction of $766,695.06. Following the sale, the chief technology officer directly owned 214,062 shares in the company, valued at approximately $8,643,823.56. The trade was a 8.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

James Kuffner also recently made the following trade(s):

• On Tuesday, May 26th, James Kuffner sold 3,878 shares of Symbotic stock. The shares were sold at an average price of $53.51, for a total value of $207,511.78.

Symbotic Stock Performance

Shares of Symbotic stock opened at $40.34 on Thursday. The firm has a market capitalization of $24.31 billion, a price-to-earnings ratio of -806.64, a PEG ratio of 6.24 and a beta of 1.93. Symbotic Inc. has a fifty-two week low of $38.19 and a fifty-two week high of $87.88. The stock has a 50 day moving average of $43.81 and a 200 day moving average of $51.77.

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

Trending Headlines about 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 Upgrades and Downgrades

A number of research analysts have commented on SYM shares. Zacks Research cut shares of Symbotic from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. DA Davidson reiterated a “buy” rating and set a $70.00 price target on shares of Symbotic in a research report on Monday, May 11th. The Goldman Sachs Group reduced their price target on shares of Symbotic from $54.00 to $45.00 and set a “sell” rating on the stock in a research note on Tuesday, May 26th. 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 analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Symbotic currently has an average rating of “Hold” and a consensus price target of $66.50.

Hedge Funds Weigh In On Symbotic

A number of hedge funds and other institutional investors have recently bought and sold shares of SYM. Federation des caisses Desjardins du Quebec grew its position in Symbotic by 5.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 4,493 shares of the company’s stock valued at $267,000 after acquiring an additional 224 shares in the last quarter. Barton Investment Management boosted its stake in shares of Symbotic by 0.8% in the fourth quarter. Barton Investment Management now owns 30,658 shares of the company’s stock valued at $1,824,000 after purchasing an additional 233 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Symbotic by 2.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 11,375 shares of the company’s stock valued at $677,000 after purchasing an additional 236 shares during the period. Parallel Advisors LLC boosted its stake in shares of Symbotic by 67.3% in the fourth quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock valued at $37,000 after purchasing an additional 249 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Symbotic by 4.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,753 shares of the company’s stock valued at $342,000 after purchasing an additional 266 shares in the last quarter.

About Symbotic

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.