Symbotic (NASDAQ:SYM) Director Todd Krasnow Sells 2,000 Shares of Stock

Symbotic Inc. (NASDAQ:SYM) Director Todd Krasnow sold 2,000 shares of Symbotic stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $45.27, for a total value of $90,540.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, July 6th, Todd Krasnow sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $43.92, for a total transaction of $87,840.00.
• On Thursday, May 21st, Todd Krasnow sold 3,367 shares of Symbotic stock. The shares were sold at an average price of $51.00, for a total transaction of $171,717.00.
• On Monday, June 1st, Todd Krasnow sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $47.30, for a total transaction of $94,600.00.
• On Friday, May 22nd, Todd Krasnow sold 19,655 shares of Symbotic stock. The shares were sold at an average price of $53.73, for a total transaction of $1,056,063.15.
• On Friday, May 22nd, Todd Krasnow sold 6,978 shares of Symbotic stock. The stock was sold at an average price of $52.12, for a total transaction of $363,693.36.
• On Monday, May 11th, Todd Krasnow sold 25,422 shares of Symbotic stock. The stock was sold at an average price of $52.45, for a total transaction of $1,333,383.90.

Symbotic Trading Down 2.0%

Shares of SYM stock opened at $46.52 on Thursday. The company’s fifty day simple moving average is $43.02 and its 200-day simple moving average is $50.90. Symbotic Inc. has a 52 week low of $38.19 and a 52 week high of $87.88. The company has a market cap of $28.04 billion, a PE ratio of -930.21, a P/E/G ratio of 7.00 and a beta of 1.94.

Symbotic (NASDAQ:SYM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Symbotic had a negative return on equity of 0.68% and a negative net margin of 0.20%.The business had revenue of $720.84 million for the quarter, compared to analysts’ expectations of $715.03 million. During the same period last year, the company posted ($0.05) earnings per share. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. Equities research analysts expect that Symbotic Inc. will post 0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Symbotic by 47.6% during the fourth quarter. Vanguard Group Inc. now owns 6,932,158 shares of the company’s stock worth $412,463,000 after purchasing an additional 2,237,137 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Symbotic by 54.3% during the fourth quarter. Handelsbanken Fonder AB now owns 423,020 shares of the company’s stock valued at $25,170,000 after buying an additional 148,842 shares in the last quarter. M&T Bank Corp lifted its holdings in Symbotic by 1,108.8% during the 4th quarter. M&T Bank Corp now owns 330,882 shares of the company’s stock worth $19,687,000 after buying an additional 303,510 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Symbotic in the 4th quarter worth approximately $1,581,000. Finally, Seven Grand Managers LLC acquired a new position in shares of Symbotic in the 4th quarter worth approximately $4,462,000.

Key Symbotic News

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Symbotic reported third-quarter fiscal 2026 revenue of approximately $721 million, up 22% year over year and ahead of the $715 million analyst consensus. Net income was $55 million, compared with a $21 million loss in the year-ago quarter. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Positive Sentiment: Management forecast fourth-quarter revenue of $760 million to $780 million, a range that brackets the $770.7 million consensus estimate and signals continued demand for the company’s warehouse-automation systems.
• Positive Sentiment: Former Bain Capital co-chair Steve Pagliuca was elected to Symbotic’s board, potentially adding financial and strategic expertise as the company expands its artificial-intelligence-enabled robotics business. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Coverage of Symbotic’s use of AI coding agents highlights the company’s efforts to manage software-development costs as AI usage increases, but provides limited new information about near-term financial results. AI coding agents are blowing through budgets
• Negative Sentiment: Quarterly EPS was $0.09, below the $0.13 consensus estimate. Although revenue exceeded expectations, the earnings shortfall likely drove the negative market reaction and renewed concerns about profitability. Symbotic earnings release
• Negative Sentiment: Directors Todd Krasnow and Charles Kane each sold 2,000 shares under pre-arranged Rule 10b5-1 plans. The sales were relatively small and scheduled in advance, limiting their signaling value, but they may still weigh modestly on sentiment.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SYM shares. Zacks Research lowered Symbotic from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. DA Davidson reissued a “buy” rating and set a $70.00 price target on shares of Symbotic in a research report on Monday, May 11th. Weiss Ratings cut Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group lowered their price objective on shares of Symbotic from $54.00 to $45.00 and set a “sell” rating for the company in a research report on Tuesday, May 26th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $66.50.

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.