Symbotic Inc: Chief technology officer Kuffner sells $678k in stock

Published 02/12/2025, 01:24
Symbotic Inc: Chief technology officer Kuffner sells $678k in stock

Symbotic Inc. (NASDAQ:SYM) Chief Technology Officer James Kuffner sold 8,348 shares of Class A Common Stock on November 26, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at prices ranging from $81.295 to $82.1499, for a total transaction value of approximately $678,650. The transaction comes as Symbotic, with a market capitalization of over $50 billion, has delivered remarkable returns of 226% over the past year. According to InvestingPro, the company maintains a "GREAT" overall financial health score despite not being profitable over the last twelve months.

Following the transaction, Kuffner directly owns 30,640 shares of Symbotic Inc. Class A Common Stock.

The sale was to cover tax withholding obligations related to the vesting and settlement of restricted stock units, as mandated by Symbotic Inc.’s equity incentive plans.

In other recent news, Symbotic Inc. reported a robust fiscal fourth-quarter performance, with revenues rising 10% year-over-year and surpassing both guidance and consensus estimates, according to Needham. The company also exceeded sales estimates for the September quarter by $10 million, as noted by DA Davidson. Symbotic’s strong performance has led Cantor Fitzgerald to raise its price target to $82, citing the company’s successful system deployments and upcoming advancements in storage technology. Additionally, Needham increased its price target to $70, reflecting confidence in the company’s growth trajectory.

Baird also adjusted its price target for Symbotic to $58, maintaining a Neutral rating, following the company’s alignment with expected financial trajectories. Meanwhile, Oppenheimer reiterated an Outperform rating, highlighting new customer acquisitions and a diverse market presence. The company’s guidance for the December quarter indicates revenue expectations above consensus, with EBITDA in line. These developments underscore Symbotic’s expanding operational capabilities and market influence.

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