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William M. Boyd III, Chief Strategy Officer of Symbotic Inc (NASDAQ:SYM), sold 2,455 shares of Class A Common Stock on June 16, 2025, according to a recent SEC Form 4 filing. The sales were executed in multiple transactions with prices ranging from $29.05 to $32.49, resulting in a total transaction value of approximately $76,275. The stock, which currently trades at $35.66, has shown remarkable momentum with a 24% gain in the past week and a 49% surge over the last six months. According to InvestingPro analysis, Symbotic appears slightly overvalued at current levels.
The filing indicates that the sales were executed pursuant to a trading plan established on August 29, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Following the reported transactions, Boyd directly owns 34,544 shares of Symbotic Inc. The company, with a market capitalization of $21 billion, maintains a strong balance sheet with more cash than debt and is expected to achieve profitability this year. InvestingPro subscribers can access 12 additional investment tips and a comprehensive Pro Research Report for deeper insights into Symbotic’s financial health and growth prospects.
In other recent news, Symbotic Inc. reported its financial results for the second quarter of 2025, revealing a revenue of $550 million, which exceeded the forecasted $522.43 million. Despite facing a net loss of $21 million, the company improved from a $55 million loss the previous year, showcasing significant growth in software and operational services revenue. Analysts at TD Cowen maintained a Buy rating for Symbotic, with a price target of $45, emphasizing the company’s alignment with key investment themes like robotics and automation. Symbotic’s adjusted EBITDA also saw a substantial increase, reaching $35 million, up from $9 million the previous year. In addition to its earnings, the company provided guidance for the third quarter, expecting revenue between $520 million and $540 million. Symbotic’s recent acquisition of Walmart (NYSE:WMT) Advanced Systems and Robotics contributed to its revenue and expanded its product offerings. The company continues to focus on long-term growth opportunities, supported by a strong backlog of nearly $23 billion.
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