3,377 Shares in Symbotic Inc. (NASDAQ:SYM) Purchased by Rothschild Investment LLC

Rothschild Investment LLC acquired a new position in shares of Symbotic Inc. (NASDAQ:SYM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,377 shares of the company’s stock, valued at approximately $119,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SYM. Baillie Gifford & Co. bought a new position in Symbotic in the 1st quarter worth about $426,752,000. 1832 Asset Management L.P. grew its position in Symbotic by 189.5% in the 4th quarter. 1832 Asset Management L.P. now owns 1,055,400 shares of the company’s stock worth $54,174,000 after purchasing an additional 690,900 shares during the last quarter. Vanguard Group Inc. grew its position in Symbotic by 16.6% in the 1st quarter. Vanguard Group Inc. now owns 2,426,420 shares of the company’s stock worth $109,189,000 after purchasing an additional 345,386 shares during the last quarter. Zevenbergen Capital Investments LLC grew its position in Symbotic by 1,826.2% in the 1st quarter. Zevenbergen Capital Investments LLC now owns 361,167 shares of the company’s stock worth $16,253,000 after purchasing an additional 342,417 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in Symbotic in the 1st quarter worth about $12,219,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SYM shares. KeyCorp decreased their target price on shares of Symbotic from $55.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Symbotic from $58.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. BWS Financial reiterated a “sell” rating and issued a $10.00 price objective on shares of Symbotic in a report on Tuesday, July 30th. Robert W. Baird decreased their price objective on shares of Symbotic from $53.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Finally, William Blair reiterated a “market perform” rating on shares of Symbotic in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.23.

Symbotic Stock Performance

Shares of NASDAQ:SYM opened at $17.97 on Wednesday. The company has a market cap of $10.52 billion, a PE ratio of -74.87 and a beta of 1.82. Symbotic Inc. has a 52 week low of $17.53 and a 52 week high of $59.82. The firm has a 50 day simple moving average of $29.79 and a 200 day simple moving average of $37.55.

Symbotic (NASDAQ:SYM) last issued its quarterly earnings results on Monday, July 29th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $491.86 million during the quarter, compared to analysts’ expectations of $464.56 million. Symbotic had a negative net margin of 1.03% and a positive return on equity of 4.08%. The firm’s revenue was up 57.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) EPS. On average, equities analysts predict that Symbotic Inc. will post -0.08 earnings per share for the current year.

Insider Activity at Symbotic

In related news, insider Michael David Dunn sold 5,188 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $35.49, for a total value of $184,122.12. Following the completion of the sale, the insider now owns 76,808 shares in the company, valued at approximately $2,725,915.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Symbotic news, Director Rollin L. Ford sold 49,998 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $37.29, for a total value of $1,864,425.42. Following the completion of the sale, the director now owns 10,447 shares in the company, valued at approximately $389,568.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael David Dunn sold 5,188 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $35.49, for a total transaction of $184,122.12. Following the completion of the sale, the insider now owns 76,808 shares of the company’s stock, valued at approximately $2,725,915.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 86,907 shares of company stock worth $2,975,283. 38.30% of the stock is owned by corporate insiders.

Symbotic 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.