Clear Creek Financial Management LLC Takes $273,000 Position in Symbotic Inc. (NASDAQ:SYM)

Clear Creek Financial Management LLC acquired a new stake in shares of Symbotic Inc. (NASDAQ:SYM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,200 shares of the company’s stock, valued at approximately $273,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RiverPark Advisors LLC acquired a new position in shares of Symbotic in the first quarter worth about $37,000. RFP Financial Group LLC boosted its holdings in shares of Symbotic by 21.2% in the first quarter. RFP Financial Group LLC now owns 1,382 shares of the company’s stock worth $62,000 after buying an additional 242 shares during the period. Castleview Partners LLC boosted its holdings in shares of Symbotic by 50.0% in the third quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock worth $37,000 after buying an additional 500 shares during the period. Quarry LP purchased a new stake in shares of Symbotic in the second quarter worth approximately $65,000. Finally, Natixis Investment Managers International purchased a new stake in shares of Symbotic in the first quarter worth approximately $90,000.

Insider Activity

In other news, insider William M. Boyd III sold 8,826 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $28.33, for a total value of $250,040.58. Following the sale, the insider now owns 23,012 shares in the company, valued at approximately $651,929.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Michael David Dunn sold 1,715 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $28.77, for a total value of $49,340.55. Following the sale, the insider now owns 87,922 shares in the company, valued at approximately $2,529,515.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William M. Boyd III sold 8,826 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $28.33, for a total transaction of $250,040.58. Following the completion of the sale, the insider now owns 23,012 shares in the company, valued at approximately $651,929.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,057 shares of company stock valued at $660,860 over the last 90 days. 38.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. KeyCorp reduced their price target on shares of Symbotic from $55.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, July 30th. The Goldman Sachs Group reduced their price target on shares of Symbotic from $40.00 to $30.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Vertical Research initiated coverage on shares of Symbotic in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $45.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Symbotic from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Symbotic in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Symbotic presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.23.

Symbotic Stock Up 0.3 %

NASDAQ:SYM opened at $28.53 on Tuesday. Symbotic Inc. has a 12 month low of $17.11 and a 12 month high of $59.82. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of -150.16 and a beta of 1.81. The company’s 50 day moving average is $24.43 and its 200-day moving average is $31.65.

Symbotic Company Profile

Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.