Agrify Co. (NASDAQ:AGFY) Director Krishnan Varier Sells 2,100 Shares

Agrify Co. (NASDAQ:AGFY - Get Free Report) Director Krishnan Varier sold 2,100 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $25.69, for a total value of $53,949.00. Following the completion of the transaction, the director now directly owns 5,836 shares of the company's stock, valued at $149,926.84. The trade was a 26.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Krishnan Varier also recently made the following trade(s):

• On Wednesday, May 28th, Krishnan Varier sold 5,836 shares of Agrify stock. The stock was sold at an average price of $25.50, for a total value of $148,818.00.

Agrify Stock Performance

Shares of Agrify stock traded down $1.38 during trading hours on Friday, reaching $27.82. The company had a trading volume of 11,405 shares, compared to its average volume of 245,260. Agrify Co. has a one year low of $2.71 and a one year high of $84.44. The business has a fifty day simple moving average of $20.84 and a 200 day simple moving average of $24.84. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.10. The firm has a market cap of $54.30 million, a PE ratio of -1.99 and a beta of 10.16.

Agrify (NASDAQ:AGFY - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported ($1.68) EPS for the quarter. The firm had revenue of $0.54 million during the quarter.

Institutional Investors Weigh In On Agrify

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Marathon Partners Equity Management LLC purchased a new stake in shares of Agrify in the fourth quarter worth $174,000. Rip Road Capital Partners LP raised its position in shares of Agrify by 15.6% in the first quarter. Rip Road Capital Partners LP now owns 77,911 shares of the company's stock worth $1,367,000 after buying an additional 10,528 shares in the last quarter. AdvisorShares Investments LLC purchased a new stake in shares of Agrify in the fourth quarter worth $321,000. SG Capital Management LLC purchased a new stake in shares of Agrify in the fourth quarter worth $692,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Agrify in the fourth quarter worth $841,000. Hedge funds and other institutional investors own 5.98% of the company's stock.

Agrify Company Profile

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.