{
  "id": 16832166,
  "title": "Symbotic CSO Boyd III sells $357,026 in company stock",
  "url": "https://urgent.news/2026/10/28/symbotic-cso-boyd-iii-sells-357-026-in-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T02:01:07.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/symbotic-cso-boyd-iii-sells-357026-in-company-stock-93CH-4977378"
  },
  "original_language": "en",
  "account": "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.\n\nSymbotic'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.\n\nHowever, 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.",
  "summary": null,
  "key_points": [
    "Boyd III sold $357,026 worth of Symbotic stock on Oct 27, 2026",
    "Transactions occurred at prices between $37.90 and $39.48 per share",
    "Boyd now owns 57,112 shares of Symbotic Class A common stock"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}