Symbotic CSO Boyd III sells $357,026 in company stock

Symbotic Inc.'s Chief Strategy Officer, William M. Boyd III, disposed of $357,026 worth of the company's Class A common stock on October 27, 2026. The sales were conducted through a pre-established trading plan. Boyd exchanged 3,500 shares at prices between $37.90 and $38.89 per share, and an additional 5,694 shares at prices ranging from $38.925 to $39.48.

These sales occurred just before Boyd acquired 9,194 shares by converting restricted stock units, which included 2,909 shares from a 2024 grant and 6,285 shares from a 2025 grant. Following these transactions, Boyd now owns 57,112 shares of Symbotic Class A common stock.

Symbotic's stock is trading near its 52-week low of $36.47, having dropped approximately 32% over the past six months. Despite this decline, an analysis by InvestingPro indicates that the stock is undervalued relative to its fair value. The company boasts a market capitalization of $23.6 billion and remains profitable, with analysts anticipating continued profitability for the year.

Symbotic reported impressive fiscal third-quarter results, with revenue up 22% to $721 million and a GAAP profit of $55 million, marking a notable reversal from a loss in the same period last year. Adjusted EBITDA also more than doubled to $95 million.

However, Symbotic's stock experienced a decline in after-hours trading, reflecting investor concerns about future margin growth and the company's short-term outlook. TD Cowen lowered its price target for Symbotic to $70, citing customer mix considerations, while maintaining a Buy rating. The firm attributed this to expanding customer relationships and a significant pending order.

Similarly, Needham reduced its price target to $60 from $75, retaining a Buy rating, as analyst Robert Jamieson began covering the company. These adjustments reflect ongoing assessments of Symbotic's valuation and market performance.