Legacy Capital Wealth Partners LLC Buys 4,060 Shares of Symbotic Inc. $SYM

Legacy Capital Wealth Partners LLC increased its position in Symbotic Inc. (NASDAQ:SYM) by 8.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,174 shares of the company’s stock after purchasing an additional 4,060 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Symbotic were worth $2,066,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amanah Holdings Trust purchased a new stake in shares of Symbotic during the second quarter valued at approximately $19,824,000. ARK Investment Management LLC lifted its position in Symbotic by 13.3% in the 2nd quarter. ARK Investment Management LLC now owns 445,498 shares of the company’s stock valued at $17,308,000 after acquiring an additional 52,205 shares in the last quarter. Amundi lifted its position in Symbotic by 53.0% in the 1st quarter. Amundi now owns 72,192 shares of the company’s stock valued at $1,459,000 after acquiring an additional 24,993 shares in the last quarter. Hunter Associates Investment Management LLC purchased a new stake in Symbotic during the 2nd quarter valued at $361,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Symbotic in the 2nd quarter worth $861,000.

Symbotic Trading Down 3.7%

Shares of SYM stock opened at $84.08 on Friday. Symbotic Inc. has a 12 month low of $16.32 and a 12 month high of $87.88. The stock has a market cap of $49.65 billion, a P/E ratio of -560.50, a P/E/G ratio of 15.32 and a beta of 2.10. The company has a 50 day simple moving average of $66.60 and a two-hundred day simple moving average of $51.05.

Symbotic (NASDAQ:SYM) last issued its quarterly earnings data on Monday, November 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $618.46 million for the quarter, compared to the consensus estimate of $604.00 million. Symbotic had a negative net margin of 0.75% and a negative return on equity of 3.89%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. Symbotic has set its Q1 2026 guidance at EPS. As a group, equities analysts forecast that Symbotic Inc. will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In related news, insider William M. Boyd III sold 11,735 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $82.09, for a total value of $963,326.15. Following the completion of the sale, the insider directly owned 26,769 shares of the company’s stock, valued at approximately $2,197,467.21. This represents a 30.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Todd Krasnow sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $76.75, for a total transaction of $307,000.00. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 68,160 shares of company stock worth $4,761,942. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SYM. UBS Group reaffirmed a “sell” rating and set a $35.00 price objective (up from $27.00) on shares of Symbotic in a research report on Tuesday, September 23rd. DA Davidson reissued a “neutral” rating and set a $47.00 price objective on shares of Symbotic in a report on Tuesday. Northcoast Research cut shares of Symbotic from a “buy” rating to a “neutral” rating in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Symbotic in a research report on Wednesday, October 8th. Finally, Oppenheimer reissued an “outperform” rating and set a $83.00 price target on shares of Symbotic in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.13.

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.