Symbotic Inc. $SYM Shares Purchased by Slow Capital Inc.

Slow Capital Inc. raised its holdings in Symbotic Inc. (NASDAQ:SYM) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,495 shares of the company’s stock after buying an additional 14,993 shares during the quarter. Slow Capital Inc.’s holdings in Symbotic were worth $7,288,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Centerpoint Advisors LLC lifted its holdings in shares of Symbotic by 16.7% during the 3rd quarter. Centerpoint Advisors LLC now owns 1,400 shares of the company’s stock worth $75,000 after acquiring an additional 200 shares during the period. Barton Investment Management boosted its position in shares of Symbotic by 0.8% in the fourth quarter. Barton Investment Management now owns 30,658 shares of the company’s stock worth $1,824,000 after acquiring an additional 233 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Symbotic by 4.3% in the third quarter. PNC Financial Services Group Inc. now owns 6,627 shares of the company’s stock valued at $357,000 after purchasing an additional 273 shares during the period. AlphaQuest LLC grew its holdings in Symbotic by 12.9% in the third quarter. AlphaQuest LLC now owns 2,519 shares of the company’s stock valued at $136,000 after purchasing an additional 287 shares during the period. Finally, Bouvel Investment Partners LLC increased its position in Symbotic by 0.8% during the third quarter. Bouvel Investment Partners LLC now owns 44,479 shares of the company’s stock worth $2,397,000 after purchasing an additional 336 shares during the last quarter.

Insider Buying and Selling

In other news, insider William M. Boyd III sold 5,115 shares of Symbotic stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $55.99, for a total transaction of $286,388.85. Following the sale, the insider owned 61,679 shares in the company, valued at $3,453,407.21. This trade represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Todd Krasnow sold 2,000 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $53.27, for a total transaction of $106,540.00. Following the transaction, the director directly owned 10,345 shares in the company, valued at approximately $551,078.15. The trade was a 16.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 178,492 shares of company stock valued at $10,313,214 over the last three months. Company insiders own 8.16% of the company’s stock.

Symbotic Price Performance

Shares of SYM opened at $60.56 on Friday. Symbotic Inc. has a 12 month low of $19.14 and a 12 month high of $87.88. The stock’s 50-day moving average is $53.87 and its two-hundred day moving average is $61.20. The stock has a market cap of $36.47 billion, a PE ratio of -605.54, a P/E/G ratio of 5.89 and a beta of 2.10.

Symbotic (NASDAQ:SYM) last posted its earnings results on Wednesday, February 4th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The company had revenue of $629.99 million during the quarter, compared to analyst estimates of $622.58 million. Symbotic had a negative net margin of 0.45% and a negative return on equity of 1.88%. Symbotic’s quarterly revenue was up 29.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) EPS. On average, research analysts anticipate that Symbotic Inc. will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

SYM has been the topic of a number of recent analyst reports. Zacks Research raised shares of Symbotic from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Northland Securities set a $73.00 price objective on shares of Symbotic in a research note on Thursday, February 5th. Barclays upped their price objective on Symbotic from $42.00 to $44.00 and gave the stock an “underweight” rating in a report on Monday, March 16th. UBS Group set a $70.00 target price on Symbotic in a research report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Symbotic in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $65.62.

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.