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Allbirds, Inc. (NASDAQ:BIRD) CFO Sells $15,279.52 in Stock

Allbirds logo with Retail/Wholesale background

Allbirds, Inc. (NASDAQ:BIRD - Get Free Report) CFO Ann Mitchell sold 2,146 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $7.12, for a total value of $15,279.52. Following the sale, the chief financial officer now owns 80,686 shares in the company, valued at approximately $574,484.32. This trade represents a 2.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Allbirds Price Performance

Shares of BIRD traded up $0.37 during mid-day trading on Friday, reaching $8.55. The company's stock had a trading volume of 84,153 shares, compared to its average volume of 58,262. Allbirds, Inc. has a 12-month low of $3.93 and a 12-month high of $18.33. The stock has a market cap of $68.90 million, a PE ratio of -0.53 and a beta of 1.69. The company's 50 day moving average is $5.80 and its 200 day moving average is $6.49.

Allbirds (NASDAQ:BIRD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($2.73) EPS for the quarter, beating analysts' consensus estimates of ($3.85) by $1.12. Allbirds had a negative return on equity of 65.30% and a negative net margin of 60.43%. The business had revenue of $32.11 million for the quarter, compared to the consensus estimate of $29.98 million. As a group, sell-side analysts anticipate that Allbirds, Inc. will post -11.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BIRD shares. Morgan Stanley cut their price target on Allbirds from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Wall Street Zen upgraded Allbirds from a "sell" rating to a "hold" rating in a report on Friday. Finally, Maxim Group began coverage on Allbirds in a report on Friday, April 11th. They issued a "buy" rating and a $14.00 price objective on the stock.

Get Our Latest Stock Analysis on BIRD

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of Allbirds by 169.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,232 shares of the company's stock valued at $43,000 after acquiring an additional 3,919 shares during the last quarter. Performa Ltd US LLC grew its stake in Allbirds by 64.0% during the 4th quarter. Performa Ltd US LLC now owns 8,200 shares of the company's stock worth $57,000 after buying an additional 3,200 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Allbirds during the 4th quarter worth approximately $70,000. PDT Partners LLC purchased a new position in Allbirds during the 1st quarter worth approximately $76,000. Finally, Jane Street Group LLC purchased a new position in Allbirds during the 4th quarter worth approximately $104,000. Hedge funds and other institutional investors own 44.07% of the company's stock.

Allbirds Company Profile

(Get Free Report)

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.

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