Trump-Zelensky meeting ahead, Fed rate outlook in focus - what’s moving markets
Todd Krasnow, a director at Symbotic Inc. (NASDAQ:SYM), recently sold 2,000 shares of the company’s Class A Common Stock. The shares were sold at an average price of $27.3164, totaling $54,632. This transaction was executed on February 18, 2025, as part of a trading plan Krasnow entered into on February 26, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The sale comes as Symbotic demonstrates strong revenue growth of 44% in the last twelve months, though the stock has experienced significant volatility, trading between $17.11 and $50.41 over the past year.
Following this sale, Krasnow holds no shares of Class A Common Stock directly under his ownership. However, he maintains indirect ownership through various entities, including the Krasnow Family 2019 Charitable Remainder Trust and the Todd and Deborah Krasnow CRUT, which collectively hold 50,000 shares of Class A Common Stock.
Additionally, Krasnow’s holdings include Class V-1 Common Stock and Symbotic Holdings Units, which are redeemable for Class A Common Stock under certain conditions. These holdings are managed through entities such as Inlet View, Inc., and the Todd J. Krasnow 2024 Irrevocable Trust, with the latter managed by his spouse.
This recent activity reflects Krasnow’s ongoing management of his investment in Symbotic Inc., a company engaged in the industrial machinery and equipment sector.
In other recent news, Symbotic Inc. reported its first-quarter financial results for fiscal year 2025, with revenues of $486.7 million, slightly missing the consensus estimate of $494.03 million. The company also provided guidance for the second quarter, projecting revenues between $510-530 million, which is below the analyst consensus of $533.3 million. Despite a year-over-year revenue increase of over 35%, the guidance suggests a potential slowdown in growth. Raymond (NSE:RYMD) James downgraded Symbotic’s stock from Outperform to Market Perform due to these results and concerns over the company’s system deployment pace. In contrast, Oppenheimer maintained an Outperform rating, citing improvements in gross margins and potential growth in software revenue as positive factors. DA Davidson also maintained a Buy rating with a $35 price target, noting Symbotic’s technological strengths and financial position. Meanwhile, Needham adjusted its price target to $32 from $35, while maintaining a Buy rating, emphasizing the importance of the upcoming acquisition of Walmart (NYSE:WMT)’s Advanced Systems and Robotics business. The company’s backlog remains substantial at $22.4 billion, providing visibility into future revenue streams.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.