Symbotic director Ford Rollin sells $747,763 in stock

Ford (NYSE:F) Rollin L., a director at Symbotic Inc. (NASDAQ:SYM), reported a significant sale of company shares, according to a recent SEC filing. On February 20, 2025, Ford’s spouse sold 28,740 shares of Class A Common Stock at prices ranging from $26.00 to $26.11 per share, totaling approximately $747,763. The transaction comes as Symbotic, with a market capitalization of $14.36 billion, has seen its stock decline by nearly 10% in the past week. InvestingPro analysis indicates the company has demonstrated strong revenue growth of 44% over the last twelve months.

The transaction leaves Ford’s spouse with no shares of Class A Common Stock directly held under the reported account, while Ford maintains indirect interests through various trusts. The filing also indicates that Ford’s spouse acquired 28,740 shares of Class A Common Stock through a redemption process involving Symbotic Holdings Units, although these transactions were executed at no economic gain. For deeper insights into insider transactions and comprehensive analysis, InvestingPro subscribers can access detailed insider trading patterns and 13 additional ProTips about Symbotic’s financial health and market performance.

In other recent news, Symbotic Inc. reported a first-quarter revenue of $486.7 million, which fell short of the consensus estimate of $494.03 million. The company also posted a net loss of $19 million, consistent with the same quarter the previous year. Despite this, Symbotic’s revenue increased by over 35% year-over-year. Looking ahead, the company projects second-quarter revenues between $510-530 million, slightly below the consensus of $533.3 million. Analysts at Raymond (NSE:RYMD) James downgraded Symbotic from Outperform to Market Perform, citing concerns over deployment pace and guidance shortfalls.

In contrast, DA Davidson and Oppenheimer maintained their positive outlooks, with price targets of $35, highlighting Symbotic’s technological advancements and robust financial position. Needham adjusted its price target to $32 but kept a Buy rating, noting that Symbotic’s adjusted EBITDA exceeded expectations. The upcoming acquisition of Walmart (NYSE:WMT)’s Advanced Systems and Robotics business is seen as a significant development, anticipated to close in the current quarter. Analysts emphasized the importance of Symbotic’s execution capabilities and system deployment improvements in shaping its future growth trajectory.

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