Symbotic’s chief strategy officer sells $54,771 in stock

In a recent filing with the Securities and Exchange Commission, Symbotic Inc. (NASDAQ:SYM) disclosed that its Chief Strategy Officer, William M. Boyd III, sold shares of the company. The transaction, executed on March 17, 2025, involved the sale of 2,455 shares of Class A common stock at prices ranging from $21.85 to $22.65, totaling $54,771. The sale comes as Symbotic’s stock has experienced significant volatility, with shares down over 54% in the past year, though InvestingPro analysis suggests the stock is currently trading below its Fair Value.

The sale was conducted under a pre-established trading plan in accordance with Rule 10b5-1, which allows company insiders to set up a predetermined schedule for buying or selling stock. Following this transaction, Boyd’s direct ownership stands at 39,659 shares.

Additionally, Boyd acquired 1,302 shares on February 28, 2025, under Symbotic’s 2022 Employee Stock Purchase Plan at a price of $16.32 per share, totaling $21,248. These shares were acquired in transactions exempt from certain regulations under the Securities Exchange Act.

Symbotic Inc., based in Wilmington, Massachusetts, operates in the general industrial machinery and equipment sector. The company maintains a healthy balance sheet with more cash than debt, and while currently unprofitable, analysts project profitability this year. For deeper insights into Symbotic’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.

In other recent news, Symbotic Inc. has reported its first-quarter financial results for fiscal year 2025, with revenues reaching $486.7 million, slightly below the consensus estimate of $494.03 million. The company experienced a year-over-year revenue increase of over 35% but provided second-quarter guidance that fell short of expectations, projecting revenues between $510-530 million against a consensus of $533.3 million. Despite these figures, Symbotic’s adjusted EBITDA exceeded prior guidance, thanks to improved gross margins. Analysts have reacted differently to these developments; DA Davidson maintained a Buy rating with a $35 price target, while Needham reduced its price target to $32 but also kept a Buy rating. Raymond (NSE:RYMD) James downgraded the stock to Market Perform due to concerns over system deployment pace and flat backlog. Meanwhile, Oppenheimer maintained an Outperform rating, emphasizing the company’s strong gross margin improvement and potential for software revenue growth. Additionally, Symbotic is preparing to acquire the Walmart (NYSE:WMT) Advanced Systems and Robotics business, a move seen as pivotal for future growth.

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