1,000 Shares in Symbotic Inc. $SYM Acquired by Gables Capital Management Inc.

Gables Capital Management Inc. purchased a new position in shares of Symbotic Inc. (NASDAQ:SYM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,000 shares of the company’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Symbotic by 1,812.2% in the 1st quarter. GAMMA Investing LLC now owns 1,415 shares of the company’s stock worth $29,000 after buying an additional 1,341 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in shares of Symbotic in the 2nd quarter worth approximately $32,000. CWM LLC grew its position in shares of Symbotic by 408.2% in the 1st quarter. CWM LLC now owns 2,602 shares of the company’s stock worth $53,000 after buying an additional 2,090 shares during the last quarter. AlphaQuest LLC grew its position in shares of Symbotic by 318.5% in the 1st quarter. AlphaQuest LLC now owns 2,800 shares of the company’s stock worth $57,000 after buying an additional 2,131 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Symbotic by 24.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,765 shares of the company’s stock worth $69,000 after buying an additional 342 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SYM. Arete lowered Symbotic from a “buy” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research report on Friday, July 25th. Barclays initiated coverage on Symbotic in a research note on Tuesday, October 7th. They set an “underweight” rating and a $38.00 price objective for the company. UBS Group reiterated a “sell” rating and set a $35.00 price objective (up previously from $27.00) on shares of Symbotic in a research note on Tuesday, September 23rd. Zacks Research upgraded Symbotic from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 1st. Finally, Northland Securities lifted their price objective on Symbotic from $35.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, July 8th. Seven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Symbotic has an average rating of “Hold” and a consensus target price of $44.61.

Symbotic Stock Performance

Symbotic stock opened at $64.44 on Thursday. The stock has a market cap of $38.05 billion, a PE ratio of -920.44, a price-to-earnings-growth ratio of 11.77 and a beta of 2.06. Symbotic Inc. has a one year low of $16.32 and a one year high of $79.58. The stock has a fifty day moving average of $55.50 and a 200 day moving average of $41.96.

Symbotic (NASDAQ:SYM) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.08). Symbotic had a negative net margin of 0.38% and a negative return on equity of 2.02%. The firm had revenue of $592.12 million for the quarter, compared to analysts’ expectations of $533.55 million. During the same quarter last year, the company posted ($0.02) EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. As a group, sell-side analysts predict that Symbotic Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Symbotic

In other Symbotic news, Director Todd Krasnow sold 4,000 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $67.02, for a total transaction of $268,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder David A. Ladensohn sold 13,500 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $74.44, for a total value of $1,004,940.00. Following the sale, the insider directly owned 2,000 shares of the company’s stock, valued at $148,880. This represents a 87.10% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 490,348 shares of company stock valued at $25,157,458 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

Symbotic Company Profile

Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.