Krishnan Varier Sells 5,000 Shares of Agrify Co. (NASDAQ:AGFY) Stock

Agrify Co. (NASDAQ:AGFY - Get Free Report) Director Krishnan Varier sold 5,000 shares of Agrify stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $24.03, for a total transaction of $120,150.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $120,150. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.
• On Tuesday, May 27th, Krishnan Varier sold 2,100 shares of Agrify stock. The stock was sold at an average price of $25.69, for a total transaction of $53,949.00.

Agrify Trading Down 8.5%

Agrify stock traded down $2.21 during trading hours on Monday, reaching $23.79. The stock had a trading volume of 4,862 shares, compared to its average volume of 245,500. The stock has a market cap of $46.44 million, a PE ratio of -1.70 and a beta of 10.23. Agrify Co. has a 52 week low of $2.71 and a 52 week high of $84.44. 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 company has a fifty day simple moving average of $22.50 and a 200-day simple moving average of $23.84.

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

Institutional Investors Weigh In On Agrify

A number of large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new stake in shares of Agrify during the 4th quarter valued at about $841,000. AdvisorShares Investments LLC bought a new stake in shares of Agrify during the 4th quarter valued at about $321,000. Marathon Partners Equity Management LLC bought a new stake in shares of Agrify during the 4th quarter valued at about $174,000. Rip Road Capital Partners LP bought a new stake in shares of Agrify during the 4th quarter valued at about $1,953,000. Finally, SG Capital Management LLC bought a new stake in shares of Agrify during the 4th quarter valued at about $692,000. Institutional investors own 5.98% of the company's stock.

About Agrify

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.