Symbotic Inc. (NASDAQ:SYM) receives a $1.67 million investment from Quadrature Capital Ltd.

In its most recent statement with the Securities & Exchange Commission, Symbotic Inc. (NASDAQ:SYM – Free Report) disclosed that Quadrature Capital Ltd had acquired more shares of the firm during the fourth quarter. The fund paid roughly $1,669,000 for 32,523 shares of the company’s stock.

Receiving Symbotic notifications

Shares of SYM have been purchased and sold by a number of other significant investors. Approximately $26,000 was invested by Van ECK Associates Corp in Symbotic during the fourth quarter. $33,000 was spent by Providence Capital Advisors LLC to acquire a new position in Symbotic during the third quarter. During the fourth quarter, Pingora Partners LLC invested $51,000 to purchase a new investment in Symbotic. 

Centerpoint Advisors LLC invested $62,000 in Symbotic shares during the fourth quarter. Lastly, during the fourth quarter, TFC Financial Management Inc. added 97.1% to its holdings in Symbotic shares. Following the acquisition of 604 more shares in the most recent quarter, TFC Financial Management Inc. 

Performance of Symbotic Prices

On Monday, SYM shares opened at $36.79. Symbotic Inc. saw a one-year high of $64.14 and a one-year low of $29.62. The price of the company is $42.07 on the fifty-day moving average and $45.01 on the 200-day moving average.

The most recent quarterly earnings information for Symbotic (NASDAQ:SYM – Get Free Report) was released on Monday, May 6. The company above analyst consensus projections of $0.03 by $0.25 when it announced $0.22 earnings per share (EPS) for the quarter. In contrast to the consensus forecast of $415.98 million, the company’s revenue for the quarter was $424.30 million. Symbotic had a 1.27% negative net margin and a 5.27% positive return on equity. Symbotic Inc. is expected to report -0.07 EPS for the current year, according to sell-side analysts.

Wall Street Analyst Opinion

Reports on SYM were recently released by several brokerages. In a research note published on Wednesday, May 8, Craig Hallum increased their price objective for shares of Symbotic from $55.00 to $60.00 and recommended a “buy” on the stock. In a report released on Tuesday, May 7th, Robert W. Baird raised their price objective for Symbotic’s shares from $52.00 to $53.00 and rated the company as “outperform.” In a report released on Friday, May 10, William Blair reiterated his recommendation of “market perform” on Symbotic’s shares. 

In a research note published on Tuesday, May 7, Deutsche Bank Aktiengesellschaft raised their target price for Symbotic from $57.00 to $58.00 and assigned the company a “buy” rating. In a research released on Tuesday, May 7th, Needham & Company LLC finally reiterated its “buy” rating and set a target price of $54.00 for Symbotic’s shares. Eleven analysts have given the business a buy rating, while three have given the stock a hold rating. MarketBeat.com data indicates that the company currently has an average target price of $55.69 and a rating of “Moderate Buy.”

Symbotic Insider Transactions

In related news, on Wednesday, May 22, 25,000 shares of the company’s stock were sold by significant shareholder Janet L. Cohen. At an average price of $43.26, the stock was sold, bringing its total worth to $1,081,500.00. This link will take you to a legal file that the SEC has made disclosing the transaction. In other news, on Wednesday, May 22, big shareholder Janet L. Cohen sold 25,000 shares of Symbotic stock. At an average price of $43.26, the stock was sold, bringing its total worth to $1,081,500.00. 

The sale was revealed in a court document submitted to the SEC and accessible on the SEC website. In a transaction dated Friday, May 24th, big shareholder David A. 

Ladensohn also sold 50,000 shares of the company’s stock. At an average price of $40.89, the stock was sold, bringing its total worth to $2,044,500.00. This sale’s disclosure is available here. Over the course of the previous ninety days, insiders sold 103,351 shares of the company’s stock, valued at $4,306,595. A whopping 38.30% of the company’s shares is owned by insiders.

Profile with Symbotics

The automation technology business Symbotic Inc. is working on creating solutions to increase the operational effectiveness of contemporary warehouses. The business automates the handling of pallets and cases for retail corporations in sizable warehouses or distribution centres. The systems it offers improve front-end supply chain processes.