Symbotic (NASDAQ:SYM) Director Charles Kane Sells 2,000 Shares

Symbotic Inc. (NASDAQ:SYM) Director Charles Kane sold 2,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 89,852 shares of the company’s stock, valued at $3,882,504.92. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 shares were 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 Stock Performance

Symbotic stock opened at $46.52 on Thursday. Symbotic Inc. has a twelve month low of $38.19 and a twelve month high of $87.88. The firm has a market cap of $28.04 billion, a PE ratio of -930.21, a P/E/G ratio of 7.00 and a beta of 1.94. The firm’s 50 day moving average price is $43.02 and its two-hundred day moving average price is $50.90.

Symbotic (NASDAQ:SYM) last issued its earnings results on Wednesday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Symbotic had a negative net margin of 0.20% and a negative return on equity of 0.68%. The company had revenue of $720.84 million for the quarter, compared to analyst estimates of $715.03 million. During the same period last year, the business earned ($0.05) EPS. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Equities analysts anticipate that Symbotic Inc. will post 0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Zacks Research downgraded Symbotic from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. DA Davidson reaffirmed a “buy” rating and set a $70.00 price target on shares of Symbotic in a research note on Monday, May 11th. Weiss Ratings lowered Symbotic from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group lowered their price target on Symbotic from $54.00 to $45.00 and set a “sell” rating for the company in a research note on Tuesday, May 26th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $66.50.

Institutional Investors Weigh In On Symbotic

Several institutional investors and hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust boosted its holdings in Symbotic by 100.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 536 shares of the company’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Quarry LP bought a new position in Symbotic during the fourth quarter valued at about $36,000. Parallel Advisors LLC raised its holdings in Symbotic by 67.3% during the fourth quarter. Parallel Advisors LLC now owns 619 shares of the company’s stock valued at $37,000 after buying an additional 249 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Symbotic in the fourth quarter worth about $48,000. Finally, NewEdge Advisors LLC lifted its position in shares of Symbotic by 81.5% in the second quarter. NewEdge Advisors LLC now owns 1,276 shares of the company’s stock worth $50,000 after buying an additional 573 shares during the last quarter.

Key Headlines Impacting Symbotic

Here are the key news stories impacting Symbotic this week:

• Positive Sentiment: Symbotic reported third-quarter fiscal 2026 revenue of approximately $721 million, up 22% year over year and ahead of the $715 million analyst consensus. Net income was $55 million, compared with a $21 million loss in the year-ago quarter. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Positive Sentiment: Management forecast fourth-quarter revenue of $760 million to $780 million, a range that brackets the $770.7 million consensus estimate and signals continued demand for the company’s warehouse-automation systems.
• Positive Sentiment: Former Bain Capital co-chair Steve Pagliuca was elected to Symbotic’s board, potentially adding financial and strategic expertise as the company expands its artificial-intelligence-enabled robotics business. Symbotic Reports Third Quarter Fiscal Year 2026 Results
• Neutral Sentiment: Coverage of Symbotic’s use of AI coding agents highlights the company’s efforts to manage software-development costs as AI usage increases, but provides limited new information about near-term financial results. AI coding agents are blowing through budgets
• Negative Sentiment: Quarterly EPS was $0.09, below the $0.13 consensus estimate. Although revenue exceeded expectations, the earnings shortfall likely drove the negative market reaction and renewed concerns about profitability. Symbotic earnings release
• Negative Sentiment: Directors Todd Krasnow and Charles Kane each sold 2,000 shares under pre-arranged Rule 10b5-1 plans. The sales were relatively small and scheduled in advance, limiting their signaling value, but they may still weigh modestly on sentiment.

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.