Shares of Symbotic rose to $45.96 during today's afternoon trading session. Despite the 11.6% change, the small-cap Farm & Heavy Construction Machinery company still trades 28.56% above its average analyst target price of $35.75. So there may be further downside for the Farm & Heavy Construction Machinery stock. Symbotic has target prices ranging from $30.0 to $50.0 per share, and its average rating is buy.
The stock has an unusually large proportion of its shares sold short at 28.1%, and a short ratio of 5.09. The company's insiders own 29.56% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 58.1% of Symbotic's shares being owned by this investor type.
Institutions Invested in Symbotic
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Softbank Group Corporation | 36% | 22,000,000 | $1,011,119,979 |
| 2022-12-31 | SB Global Advisers Ltd | 33% | 20,000,000 | $919,199,981 |
| 2023-03-31 | Svf Sponsor III (de) LLC | 15% | 9,090,000 | $417,776,391 |
| 2023-03-31 | Vanguard Group, Inc. (The) | 2% | 1,303,936 | $59,928,897 |
| 2023-03-31 | Frontier Capital Management Company LLC | 2% | 1,041,144 | $47,850,977 |
| 2023-03-31 | Navis Wealth Advisors, LLC | 1% | 913,554 | $41,986,941 |
| 2023-03-31 | Exchange Traded Concepts LLC | 1% | 609,414 | $28,008,666 |
| 2023-03-31 | Mirae Asset Global Investments Co., Ltd. | 1% | 570,229 | $26,207,724 |
| 2023-03-31 | Blackrock Inc. | 1% | 508,933 | $23,390,560 |
| 2023-03-31 | Legal & General Group PLC | 1% | 430,713 | $19,795,569 |
Besides an analyst belief that shares are overpriced, other market factors point to there being mixed market sentiment on Symbotic.
