23,198 Shares in Symbotic Inc. $SYM Acquired by Fieldview Capital Management LLC

Fieldview Capital Management LLC purchased a new position in shares of Symbotic Inc. (NASDAQ:SYM) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 23,198 shares of the company’s stock, valued at approximately $1,380,000.

Several other large investors have also recently made changes to their positions in SYM. MAI Capital Management increased its position in shares of Symbotic by 833.3% during the third quarter. MAI Capital Management now owns 560 shares of the company’s stock worth $30,000 after purchasing an additional 500 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Symbotic by 100.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 536 shares of the company’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Quarry LP purchased a new stake in shares of Symbotic during the fourth quarter worth approximately $36,000. Parallel Advisors LLC increased its position in shares of Symbotic by 67.3% during the fourth quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock worth $37,000 after purchasing an additional 249 shares in the last quarter. Finally, Ameriflex Group Inc. increased its position in shares of Symbotic by 1,500.0% during the third quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock worth $38,000 after purchasing an additional 660 shares in the last quarter.

Insider Activity at Symbotic

In other Symbotic news, CTO James Kuffner sold 19,729 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $59.82, for a total transaction of $1,180,188.78. Following the transaction, the chief technology officer owned 179,255 shares of the company’s stock, valued at approximately $10,723,034.10. The trade was a 9.91% decrease in their ownership of the stock. The transaction was disclosed in a filing 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. Also, insider William M. Boyd III sold 9,194 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $58.75, for a total value of $540,147.50. Following the completion of the transaction, the insider directly owned 62,227 shares in the company, valued at approximately $3,655,836.25. This trade represents a 12.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 144,431 shares of company stock valued at $8,141,204 in the last three months. Company insiders own 8.16% of the company’s stock.

Wall Street Analysts Forecast Growth

SYM has been the subject of several research reports. 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. Wall Street Zen cut Symbotic from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. UBS Group set a $70.00 price target on Symbotic in a research report on Wednesday, February 18th. The Goldman Sachs Group dropped their price target on Symbotic from $54.00 to $45.00 and set a “sell” rating for the company in a research report on Tuesday, May 26th. Finally, Zacks Research upgraded Symbotic from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Symbotic presently has a consensus rating of “Hold” and an average target price of $65.23.

Symbotic Stock Performance

NASDAQ SYM opened at $41.63 on Monday. The stock’s fifty day moving average is $52.90 and its two-hundred day moving average is $57.26. The firm has a market capitalization of $25.09 billion, a P/E ratio of -832.43, a price-to-earnings-growth ratio of 6.14 and a beta of 1.92. Symbotic Inc. has a fifty-two week low of $27.26 and a fifty-two week high of $87.88.

Symbotic (NASDAQ:SYM) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). The company had revenue of $676.48 million for the quarter, compared to analyst estimates of $662.66 million. Symbotic had a negative return on equity of 0.68% and a negative net margin of 0.20%.The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the firm posted ($0.04) EPS. As a group, sell-side analysts forecast that Symbotic Inc. will post 0.23 EPS for the current year.

Symbotic 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.