First Trust Advisors LP Sells 115,098 Shares of Symbotic Inc. $SYM

First Trust Advisors LP decreased its position in shares of Symbotic Inc. (NASDAQ:SYM) by 27.2% during the first quarter, Holdings Channel reports. The institutional investor owned 308,535 shares of the company’s stock after selling 115,098 shares during the period. First Trust Advisors LP’s holdings in Symbotic were worth $16,414,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SYM. Parkside Financial Bank & Trust lifted its position in shares of Symbotic by 100.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 536 shares of the company’s stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Quarry LP bought a new stake in Symbotic during the 4th quarter valued at approximately $36,000. Parallel Advisors LLC raised its stake in Symbotic by 67.3% during the 4th 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. Gordian Capital Singapore Pte Ltd purchased a new position in Symbotic in the 4th quarter worth approximately $48,000. Finally, NewEdge Advisors LLC lifted its holdings in Symbotic by 81.5% in the 2nd quarter. NewEdge Advisors LLC now owns 1,276 shares of the company’s stock worth $50,000 after purchasing an additional 573 shares in the last quarter.

Symbotic Stock Performance

NASDAQ SYM opened at $40.34 on Thursday. The stock has a 50 day moving average price of $43.81 and a 200-day moving average price of $51.77. Symbotic Inc. has a one year low of $38.19 and a one year high of $87.88. The company has a market capitalization of $24.31 billion, a P/E ratio of -806.64, a P/E/G ratio of 6.24 and a beta of 1.93.

Symbotic (NASDAQ:SYM) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.11). The business had revenue of $676.48 million during the quarter, compared to the consensus estimate of $662.65 million. Symbotic had a negative return on equity of 0.68% and a negative net margin of 0.20%.The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) EPS. As a group, equities analysts predict that Symbotic Inc. will post 0.23 EPS for the current fiscal year.

Key Headlines Impacting 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 Ratings Changes

A number of brokerages have issued reports on SYM. Weiss Ratings lowered shares of Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. The Goldman Sachs Group dropped their target price 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. DA Davidson reaffirmed a “buy” rating and set a $70.00 target price on shares of Symbotic in a research note on Monday, May 11th. Finally, Zacks Research downgraded shares of Symbotic from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. 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 company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $66.50.

Insider Transactions at Symbotic

In other Symbotic news, CTO James Kuffner sold 18,987 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was 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 of the company’s stock, valued at $8,643,823.56. The trade was a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Maria G. Freve sold 2,244 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $40.28, for a total value of $90,388.32. Following the completion of the sale, the insider directly owned 3,096 shares of the company’s stock, valued at $124,706.88. The trade was a 42.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 115,970 shares of company stock worth $5,561,616. 8.16% of the stock is currently owned by corporate insiders.

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.