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WILMINGTON, MA—William M. Boyd III, Chief Strategy Officer at Symbotic Inc. (NASDAQ:SYM), recently sold shares of the company’s stock, according to a filing with the Securities and Exchange Commission. The automation technology company, currently valued at $15.4 billion, has seen its stock decline nearly 38% over the past year despite strong revenue growth of 44% in the latest quarter. On February 18, Boyd sold 2,660 shares of Class A Common Stock, totaling $73,404. The shares were sold at prices ranging from $27.24 to $28.15, with an average price of $27.5955 per share. According to InvestingPro analysis, Symbotic’s shares are currently trading below their Fair Value, with analysts setting price targets as high as $60.
Following this transaction, Boyd retains direct ownership of 40,812 shares in the company. The sale was conducted under a pre-established trading plan, in accordance with Rule 10b5-1 of the Securities Exchange Act. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed insider transaction history and 12+ additional key insights about Symbotic’s financial health and market position.
In other recent news, Symbotic Inc. reported its first-quarter financial results for fiscal year 2025, revealing a net loss of $19 million, consistent with the same period the previous year. The company’s revenue for the quarter was $486.7 million, slightly missing the consensus estimate of $494.03 million, while its earnings per share (EPS) of ($0.03) fell short of the anticipated $0.02. Symbotic’s guidance for the second quarter of 2025 forecasts revenues between $510-530 million, which is below the consensus of $533.3 million. In response to these results, Raymond (NSE:RYMD) James downgraded the stock from Outperform to Market Perform, citing concerns about the company’s execution capabilities and slower-than-expected system deployments.
Needham analysts adjusted their price target for Symbotic to $32 from $35, maintaining a Buy rating, noting that while revenues aligned with expectations, adjusted EBITDA surpassed prior guidance. Meanwhile, DA Davidson reaffirmed a Buy rating with a $35 price target, highlighting Symbotic’s technological advancements and strong financial position. Oppenheimer also maintained an Outperform rating with a $35 target, praising the company’s gross margin improvements and software revenue potential. The acquisition of Walmart (NYSE:WMT)’s Advanced Systems and Robotics business is anticipated to close soon, presenting both challenges and opportunities for Symbotic’s growth trajectory.
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