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Director Todd Krasnow of Symbotic Inc (NASDAQ:SYM) sold 4,000 shares of Class A Common Stock on July 7, 2025, for approximately $185,937. The sales were executed at prices ranging from $45.6288 to $47.1943. The stock has shown remarkable momentum, gaining nearly 80% over the past six months, with InvestingPro data indicating the stock is currently trading near its 52-week high of $48.40.
The transaction was executed by Inlet View, Inc., of which Mr. Krasnow is the President and CEO.
On the same day, Krasnow disposed of 4,000 shares of Class V-1 Common Stock and acquired 4,000 shares of Class A Common Stock. He also disposed of 4,000 Symbotic Holdings Units.
In other recent news, Symbotic Inc. reported financial results for the second quarter of 2025, highlighting a strong performance with revenue reaching $550 million, exceeding the forecast of $522.43 million. Despite reporting a net loss of $21 million, the company showed significant improvement from the previous year’s net loss of $55 million. The revenue growth was driven by a 162% increase in software revenue and a 47% rise in operational services revenue. Additionally, TD Cowen maintained its Buy rating on Symbotic, setting a price target of $45, reflecting confidence in the company’s strategic direction and its alignment with popular investment themes such as robotics and automation.
Symbotic’s recent acquisition of Walmart (NYSE:WMT) Advanced Systems and Robotics contributed to its revenue and is expected to enhance its product offerings. The company also provided guidance for the third quarter, projecting revenue between $520 million and $540 million. Symbotic continues to focus on improving deployment efficiency and exploring new market opportunities. The firm remains optimistic about its multiyear opportunity, supported by a backlog of nearly $23 billion. As Symbotic executes its business plan, the market will be closely watching its progress in the dynamic field of automation and robotics.
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