Symbotic
About: Symbotic Inc is an automation technology company that develops technologies to improve operating efficiencies in modern warehouses. The group develops, commercializes, and deploys innovative, end-to-end technology solutions that dramatically improve supply chain operations. Symbotic also automates the processing of pallets and cases in large warehouses or distribution centers for some of the retail and wholesale companies in the world. The company operates in two geographical regions the United States and Canada. Key revenue is generated from the United States.
Employees: 1,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
98% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 52
53% more call options, than puts
Call options by funds: $87.3M | Put options by funds: $57M
13% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 40
2% more funds holding
Funds holding: 231 [Q1] → 236 (+5) [Q2]
0.94% more ownership
Funds ownership: 79.71% [Q1] → 80.65% (+0.94%) [Q2]
15% less capital invested
Capital invested by funds: $3.42B [Q1] → $2.9B (-$522M) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
BWS Financial Hamed Khorsand 63% 1-year accuracy 45 / 71 met price target | 66%downside $10 | Sell Maintained | 11 Oct 2024 |
Cantor Fitzgerald Derek Soderberg 32% 1-year accuracy 8 / 25 met price target | 103%upside $60 | Overweight Reiterated | 11 Oct 2024 |
BWS Financial Hamed Khorsand 63% 1-year accuracy 45 / 71 met price target | 66%downside $10 | Sell Maintained | 27 Sept 2024 |
Baird Robert Mason 63% 1-year accuracy 5 / 8 met price target | 39%upside $41 | Outperform Maintained | 31 Jul 2024 |
Goldman Sachs Mark Delaney 70% 1-year accuracy 19 / 27 met price target | 2%upside $30 | Neutral Maintained | 31 Jul 2024 |
Financial journalist opinion
Based on 211 articles about SYM published over the past 30 days
