Insider Selling: Symbotic (NASDAQ:SYM) Director Sells $86,420.00 in Stock

Symbotic Inc. (NASDAQ:SYM) Director Charles Kane sold 2,000 shares of Symbotic stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $43.21, for a total transaction of $86,420.00. Following the sale, the director directly owned 89,852 shares in the company, valued at approximately $3,882,504.92. This trade represents a 2.18% decrease in their position. The sale was disclosed in a legal filing 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.

Charles Kane also recently made the following trade(s):

• On Wednesday, July 1st, Charles Kane sold 2,000 shares of Symbotic stock. The stock was sold at an average price of $44.90, for a total transaction of $89,800.00.
• On Monday, June 1st, Charles Kane sold 2,000 shares of Symbotic stock. The shares were sold at an average price of $45.99, for a total transaction of $91,980.00.

Symbotic Trading Up 1.5%

NASDAQ:SYM opened at $40.18 on Friday. The company’s 50-day moving average price is $42.71 and its 200-day moving average price is $50.63. The company has a market cap of $24.22 billion, a P/E ratio of 446.44, a P/E/G ratio of 5.84 and a beta of 1.94. Symbotic Inc. has a twelve month low of $38.19 and a twelve month high of $87.88.

Symbotic (NASDAQ:SYM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). Symbotic had a net margin of 0.48% and a return on equity of 1.53%. The business had revenue of $720.84 million for the quarter, compared to analysts’ expectations of $715.03 million. During the same period in the prior year, the company posted ($0.05) EPS. The firm’s revenue was up 21.7% on a year-over-year basis. On average, analysts expect that Symbotic Inc. will post 0.23 earnings per share for the current year.

Institutional Investors Weigh In On Symbotic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Symbotic by 47.6% in the 4th quarter. Vanguard Group Inc. now owns 6,932,158 shares of the company’s stock valued at $412,463,000 after purchasing an additional 2,237,137 shares during the last quarter. Morgan Stanley increased its position in shares of Symbotic by 85.4% during the 4th quarter. Morgan Stanley now owns 2,530,874 shares of the company’s stock worth $150,587,000 after purchasing an additional 1,165,513 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Symbotic by 51,346.1% during the 4th quarter. JPMorgan Chase & Co. now owns 2,174,372 shares of the company’s stock worth $129,375,000 after purchasing an additional 2,178,615 shares during the last quarter. UBS Group AG raised its holdings in Symbotic by 22.3% in the 3rd quarter. UBS Group AG now owns 1,105,770 shares of the company’s stock valued at $59,601,000 after buying an additional 201,547 shares during the period. Finally, Ghisallo Capital Management LLC purchased a new stake in Symbotic in the 4th quarter valued at about $63,034,000.

Symbotic News Summary

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Symbotic reported fiscal third-quarter revenue of $720.8 million, up 21.7% year over year and ahead of the $715.0 million consensus estimate. Net income reached approximately $11.7 million, compared with a loss in the year-ago period, while adjusted EBITDA more than doubled. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Positive Sentiment: Management projected fourth-quarter revenue of $760 million to $780 million and adjusted EBITDA of $100 million to $105 million. The outlook supports expectations for continued expansion, margin improvement and stronger financial inflection points in fiscal 2027.
• Positive Sentiment: Oppenheimer initiated or reiterated a “Buy” view on SYM, while Needham reaffirmed its “Buy” rating with a $75 price target, implying substantial upside from recent trading levels. Zacks Research also upgraded the stock from “Strong Sell” to “Hold,” reducing some of the recent negative analyst pressure. Symbotic Receives a Buy from Oppenheimer
• Neutral Sentiment: Former Bain Capital co-chair Steve Pagliuca joined Symbotic’s board, potentially adding strategic and financial expertise as the company expands its AI-enabled warehouse robotics business.
• Neutral Sentiment: Symbotic’s earnings call emphasized margin gains, a broader product portfolio and expected growth in fiscal 2027 and early 2028. However, the Walmart SymMicro implementation timeline extends into early 2028, leaving investors focused on customer concentration and execution.
• Negative Sentiment: Third-quarter adjusted EPS was $0.09, below analyst expectations of roughly $0.12-$0.13. The miss highlights that profitability remains relatively thin despite strong revenue growth and may limit the stock’s upside given its elevated valuation.
• Negative Sentiment: CFO Izilda Martins sold 27,463 shares to cover tax withholding obligations related to vested equity awards, while directors Charles Kane and Todd Krasnow each sold 2,000 shares under pre-arranged Rule 10b5-1 plans. The transactions appear limited in signaling value but could modestly weigh on sentiment.

Analysts Set New Price Targets

SYM has been the subject of several recent research reports. Weiss Ratings cut Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Zacks Research raised Symbotic from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $75.00 target price on shares of Symbotic in a report on Thursday. DA Davidson reaffirmed a “buy” rating and issued a $70.00 target price on shares of Symbotic in a research note on Monday, May 11th. Finally, Robert W. Baird set a $51.00 price target on Symbotic in a report on Thursday. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Symbotic presently has an average rating of “Hold” and a consensus target price of $65.92.

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.