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Symbotic Inc. (NASDAQ:SYM), a $12 billion market cap company, recently disclosed that its Chief Strategy Officer, William M. Boyd III, executed a sale of company stock. On April 15, Boyd sold 2,660 shares of Symbotic’s Class A common stock. The shares were sold at prices ranging from $20.22 to $20.85, resulting in a total transaction value of $54,851. The transaction occurs as the stock trades near $20.41, down over 50% from its 52-week high of $48.98. Following this sale, Boyd retains ownership of 36,999 shares. The transaction was conducted under a pre-established trading plan, adhering to Rule 10b5-1 of the Securities Exchange Act. With the company’s next earnings report due on May 5, investors seeking deeper insights can access comprehensive analysis through InvestingPro, which features detailed financial health metrics and 12 additional exclusive ProTips for Symbotic.
In other recent news, Symbotic Inc. reported first-quarter financial results for fiscal year 2025, with revenues of $486.7 million, missing the consensus estimate of $494.03 million. The company experienced a year-over-year revenue increase of over 35%, although its second-quarter revenue guidance of $510-530 million fell short of the expected $533.3 million. This led Raymond (NSE:RYMD) James to downgrade the stock from Outperform to Market Perform, citing concerns over system deployment pace and execution capabilities. Despite these challenges, Oppenheimer maintained an Outperform rating with a $35 price target, noting improvements in gross margins and the potential for software revenue growth.
DA Davidson also reaffirmed a Buy rating with a $35 price target, highlighting Symbotic’s technological strengths and a robust backlog of approximately $22 billion. Needham adjusted its price target from $35 to $32 but maintained a Buy rating, recognizing the significance of the upcoming acquisition of Walmart (NYSE:WMT)’s Advanced Systems and Robotics business. Analysts from both firms pointed out that Symbotic’s advancements in commercial initiatives and strong financial position, including a debt-free balance sheet, support their positive outlook.
The company’s recent performance and strategic moves have drawn mixed reactions from analysts, reflecting both the opportunities and challenges Symbotic faces. As it continues to navigate its financial and operational landscape, the market remains attentive to its execution in system deployments and the integration of new acquisitions.
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