Agrify Co. (NASDAQ:AGFY - Get Free Report) Director Krishnan Varier sold 5,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $24.03, for a total transaction of $120,150.00. Following the sale, the director now directly owns 5,000 shares of the company's stock, valued at approximately $120,150. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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 shares were sold at an average price of $25.69, for a total transaction of $53,949.00.
Agrify Stock Up 5.4%
NASDAQ AGFY traded up $1.33 on Friday, hitting $26.00. The stock had a trading volume of 21,514 shares, compared to its average volume of 246,466. The business's fifty day moving average price is $22.39 and its 200 day moving average price is $24.07. The stock has a market cap of $50.75 million, a price-to-earnings ratio of -1.86 and a beta of 10.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.10. Agrify Co. has a 52-week low of $2.71 and a 52-week high of $84.44.
Agrify (NASDAQ:AGFY - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported ($1.68) earnings per share for the quarter. The firm had revenue of $0.54 million during the quarter.
Institutional Investors Weigh In On Agrify
Several institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new position in shares of Agrify in the 4th quarter valued at approximately $841,000. Rip Road Capital Partners LP acquired a new position in Agrify during the 4th quarter valued at approximately $1,953,000. SG Capital Management LLC acquired a new position in Agrify during the 4th quarter valued at approximately $692,000. AdvisorShares Investments LLC purchased a new position in shares of Agrify in the fourth quarter worth $321,000. Finally, Marathon Partners Equity Management LLC acquired a new stake in shares of Agrify during the fourth quarter worth $174,000. Institutional investors and hedge funds own 5.98% of the company's stock.
About Agrify
(
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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.
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