Intergy Private Wealth LLC Takes $310,000 Position in Symbotic Inc. (NASDAQ:SYM)

Intergy Private Wealth LLC acquired a new position in shares of Symbotic Inc. (NASDAQ:SYM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,094 shares of the company’s stock, valued at approximately $310,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Baillie Gifford & Co. raised its holdings in shares of Symbotic by 32.0% in the third quarter. Baillie Gifford & Co. now owns 14,070,999 shares of the company’s stock valued at $343,192,000 after purchasing an additional 3,410,050 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Symbotic by 76.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 873,987 shares of the company’s stock valued at $21,317,000 after buying an additional 379,726 shares during the last quarter. Millennium Management LLC increased its stake in Symbotic by 6,694.5% in the 2nd quarter. Millennium Management LLC now owns 335,649 shares of the company’s stock valued at $11,801,000 after buying an additional 330,709 shares during the last quarter. Thematics Asset Management lifted its position in Symbotic by 30.1% during the 3rd quarter. Thematics Asset Management now owns 1,048,170 shares of the company’s stock worth $25,565,000 after buying an additional 242,661 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Symbotic in the 2nd quarter valued at about $4,207,000.

Wall Street Analysts Forecast Growth

SYM has been the topic of several analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Symbotic in a report on Wednesday, November 27th. The Goldman Sachs Group dropped their price objective on Symbotic from $34.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. DA Davidson upgraded shares of Symbotic from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday, January 8th. Oppenheimer started coverage on Symbotic in a report on Wednesday, January 15th. They set an “outperform” rating and a $35.00 price target for the company. Finally, BWS Financial reaffirmed a “sell” rating and issued a $10.00 price objective on shares of Symbotic in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Symbotic currently has an average rating of “Moderate Buy” and a consensus target price of $38.73.

Symbotic Price Performance

Symbotic stock opened at $29.82 on Friday. The firm has a market cap of $17.52 billion, a PE ratio of -497.00, a price-to-earnings-growth ratio of 7.26 and a beta of 1.76. The stock’s fifty day moving average price is $27.59 and its two-hundred day moving average price is $27.16. Symbotic Inc. has a one year low of $17.11 and a one year high of $52.20.

Symbotic (NASDAQ:SYM) last issued its quarterly earnings results on Monday, November 18th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. Symbotic had a positive return on equity of 6.49% and a negative net margin of 0.32%. The company had revenue of $576.77 million for the quarter, compared to analysts’ expectations of $470.24 million. During the same quarter last year, the business earned ($0.08) earnings per share. Symbotic’s revenue was up 47.2% on a year-over-year basis. Sell-side analysts expect that Symbotic Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Symbotic

In other news, Director Todd Krasnow sold 2,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $24.04, for a total value of $48,080.00. Following the completion of the transaction, the director now owns 214,036 shares of the company’s stock, valued at approximately $5,145,425.44. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael David Dunn sold 3,635 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $33.28, for a total transaction of $120,972.80. Following the completion of the sale, the insider now owns 24,272 shares in the company, valued at approximately $807,772.16. The trade was a 13.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 112,802 shares of company stock valued at $3,361,487 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

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.