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

Agrify Co. (NASDAQ:AGFY - Get Free Report) Director Krishnan Varier sold 2,100 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $25.69, for a total transaction of $53,949.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $148,818.00.

Agrify Stock Down 5.9%

NASDAQ:AGFY traded down $1.62 on Monday, reaching $25.90. 9,521 shares of the stock traded hands, compared to its average volume of 245,267. The company has a market capitalization of $50.56 million, a price-to-earnings ratio of -1.85 and a beta of 10.16. The company has a current ratio of 0.75, a quick ratio of 0.10 and a debt-to-equity ratio of 0.80. Agrify Co. has a 12 month low of $2.71 and a 12 month high of $84.44. The company's fifty day simple moving average is $20.96 and its 200 day simple moving average is $25.09.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rip Road Capital Partners LP grew its holdings in Agrify by 15.6% during the 1st quarter. Rip Road Capital Partners LP now owns 77,911 shares of the company's stock worth $1,367,000 after acquiring an additional 10,528 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Agrify in the 4th quarter valued at approximately $841,000. SG Capital Management LLC purchased a new position in shares of Agrify in the 4th quarter valued at approximately $692,000. AdvisorShares Investments LLC purchased a new position in Agrify during the 4th quarter worth approximately $321,000. Finally, Marathon Partners Equity Management LLC purchased a new position in Agrify during the 4th quarter worth approximately $174,000. 5.98% of the stock is owned by hedge funds and other institutional investors.

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.