Symbotic Inc. $SYM Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. cut its holdings in shares of Symbotic Inc. (NASDAQ:SYM) by 50.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,500 shares of the company’s stock after selling 10,500 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Symbotic were worth $625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MAI Capital Management lifted its stake in Symbotic by 833.3% during the third quarter. MAI Capital Management now owns 560 shares of the company’s stock valued at $30,000 after purchasing an additional 500 shares during the last quarter. Ameriflex Group Inc. lifted its stake in Symbotic by 1,500.0% during the third quarter. Ameriflex Group Inc. now owns 704 shares of the company’s stock valued at $38,000 after purchasing an additional 660 shares during the last quarter. Strategic Advocates LLC acquired a new stake in Symbotic during the third quarter valued at approximately $42,000. Fifth Third Bancorp lifted its stake in Symbotic by 20,000.0% during the third quarter. Fifth Third Bancorp now owns 1,005 shares of the company’s stock valued at $54,000 after purchasing an additional 1,000 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Symbotic by 81.5% during the second quarter. NewEdge Advisors LLC now owns 1,276 shares of the company’s stock valued at $50,000 after purchasing an additional 573 shares during the last quarter.

Insider Buying and Selling

In other news, insider William M. Boyd III sold 9,194 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $58.75, for a total transaction of $540,147.50. Following the transaction, the insider owned 62,227 shares in the company, valued at $3,655,836.25. This represents a 12.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Maria G. Freve sold 2,265 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $57.72, for a total transaction of $130,735.80. Following the transaction, the insider owned 739 shares in the company, valued at approximately $42,655.08. This trade represents a 75.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 153,581 shares of company stock worth $8,881,717. Insiders own 8.16% of the company’s stock.

Analyst Upgrades and Downgrades

SYM has been the subject of several research analyst reports. The Goldman Sachs Group restated a “sell” rating and issued a $50.00 price target on shares of Symbotic in a research report on Thursday, January 15th. Wall Street Zen downgraded shares of Symbotic from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Northland Securities set a $73.00 price target on shares of Symbotic in a research report on Thursday, February 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Symbotic in a research report on Tuesday, April 21st. Finally, Needham & Company LLC upped their price target on shares of Symbotic from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Symbotic currently has a consensus rating of “Hold” and a consensus price target of $65.62.

Symbotic Price Performance

SYM stock opened at $58.89 on Monday. Symbotic Inc. has a 12-month low of $21.89 and a 12-month high of $87.88. The company has a market cap of $35.46 billion, a price-to-earnings ratio of -588.84, a PEG ratio of 5.90 and a beta of 2.03. The company has a 50 day moving average of $54.62 and a two-hundred day moving average of $60.92.

Symbotic (NASDAQ:SYM) last released its earnings results on Wednesday, February 4th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). Symbotic had a negative return on equity of 1.88% and a negative net margin of 0.45%.The company had revenue of $629.99 million during the quarter, compared to analysts’ expectations of $622.58 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. On average, research analysts anticipate that Symbotic Inc. will post 0.33 EPS for the current year.

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.