Hibbard, Symbotic CFO, sells $348k in shares

Published 05/08/2025, 23:56
Hibbard, Symbotic CFO, sells $348k in shares

Symbotic Inc. (NASDAQ:SYM) Chief Financial Officer Carol J. Hibbard sold 6,293 shares of Class A Common Stock on August 4, 2025, at a price of $55.4225, totaling $348,773. The prices for these sales ranged from $55.27 to $55.89. The sale comes as the stock trades near its 52-week high of $64.16, having surged 24.65% in the past week alone. According to InvestingPro analysis, the $37 billion market cap company is currently trading close to its Fair Value.

On August 3, Hibbard also converted 14,253 restricted stock units into Class A common stock. InvestingPro rates Symbotic’s overall financial health as "GOOD," with 15+ additional exclusive insights available to subscribers through the comprehensive Pro Research Report.

In other recent news, Symbotic Inc. reported impressive financial results for the second quarter of 2025, with revenue reaching $550 million, exceeding the forecast of $522.43 million. Despite posting a net loss of $21 million, the company demonstrated notable improvements compared to the previous year, largely driven by strong growth in its software and operational services revenue. Additionally, TD Cowen reaffirmed its positive outlook on Symbotic, maintaining a Buy rating and setting a price target of $45.00. The firm’s analysts expressed confidence in the company’s alignment with key investment themes such as robotics, automation, and carbon reduction. Recent meetings with European investors highlighted Symbotic’s potential to fit into thematic portfolios focused on future market leaders. This alignment appears to resonate well with long-term, thematic-focused investors. These developments underscore Symbotic’s ongoing efforts to position itself as a significant player in its sector.

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