Insider Selling: Allbirds, Inc. (NASDAQ:BIRD) CFO Sells 875 Shares of Stock

Allbirds, Inc. (NASDAQ:BIRD) CFO Ann Mitchell sold 875 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $12.00, for a total transaction of $10,500.00. Following the completion of the sale, the chief financial officer now directly owns 40,225 shares of the company’s stock, valued at $482,700. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Allbirds Stock Up 1,593.8 %

Shares of BIRD stock opened at $9.69 on Friday. The business’s fifty day moving average is $12.58 and its 200 day moving average is $13.21. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of -10.20 and a beta of 1.76. Allbirds, Inc. has a twelve month low of $9.06 and a twelve month high of $29.10.

Allbirds (NASDAQ:BIRD) last announced its earnings results on Wednesday, August 7th. The company reported ($2.40) EPS for the quarter, beating analysts’ consensus estimates of ($3.60) by $1.20. The firm had revenue of $51.58 million for the quarter, compared to analysts’ expectations of $50.34 million. Allbirds had a negative net margin of 61.24% and a negative return on equity of 61.22%. During the same quarter in the previous year, the business posted ($3.60) EPS. Equities research analysts expect that Allbirds, Inc. will post -0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Allbirds

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Allbirds during the second quarter valued at approximately $65,000. Coldstream Capital Management Inc. bought a new position in Allbirds during the 4th quarter valued at approximately $274,000. CastleKnight Management LP purchased a new position in Allbirds during the fourth quarter valued at $348,000. Finally, Laidlaw Wealth Management LLC purchased a new position in Allbirds during the fourth quarter valued at $751,000. Hedge funds and other institutional investors own 44.07% of the company’s stock.

Analyst Ratings Changes

Separately, Wedbush decreased their price target on shares of Allbirds from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th.

About Allbirds

Allbirds, Inc manufactures and sells footwear and apparel products for men and women in the United States and internationally. The company offers a range of lifestyle and performance shoes; and apparel, including classic tees and sweats, socks, and underwear. It sells its products through its retail stores, as well as online.