Allbirds, Inc. (NASDAQ:BIRD – Get Free Report) CEO Joseph Vernachio sold 3,359 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $4.47, for a total transaction of $15,014.73. Following the completion of the transaction, the chief executive officer owned 82,210 shares in the company, valued at approximately $367,478.70. The trade was a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Allbirds Stock Up 1.1%
NASDAQ:BIRD opened at $4.15 on Friday. Allbirds, Inc. has a 1-year low of $2.15 and a 1-year high of $24.31. The company has a 50-day moving average of $5.09 and a 200 day moving average of $4.31. The firm has a market cap of $36.54 million, a PE ratio of -0.45 and a beta of 2.56. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.59 and a quick ratio of 0.68.
Allbirds (NASDAQ:BIRD – Get Free Report) last released its quarterly earnings results on Monday, April 20th. The company reported ($2.37) EPS for the quarter. The firm had revenue of $22.32 million for the quarter. Allbirds had a negative net margin of 53.36% and a negative return on equity of 173.54%.
Analyst Upgrades and Downgrades
View Our Latest Research Report on BIRD
Institutional Investors Weigh In On Allbirds
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Performa Ltd US LLC grew its stake in shares of Allbirds by 36.2% during the 1st quarter. Performa Ltd US LLC now owns 25,000 shares of the company’s stock worth $75,000 after purchasing an additional 6,650 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of Allbirds by 46.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 34,931 shares of the company’s stock worth $143,000 after purchasing an additional 11,100 shares during the period. Jane Street Group LLC acquired a new stake in shares of Allbirds during the 4th quarter worth approximately $54,000. Susquehanna International Group LLP acquired a new stake in shares of Allbirds during the 3rd quarter worth approximately $59,000. Finally, Vanguard Group Inc. grew its stake in shares of Allbirds by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 243,983 shares of the company’s stock worth $1,383,000 after purchasing an additional 11,459 shares during the period. Institutional investors and hedge funds own 44.07% of the company’s stock.
About Allbirds
Allbirds, Inc is a sustainable lifestyle company specializing in environmentally friendly footwear and apparel. The company’s core business centers on designing, manufacturing, and selling shoes that leverage natural and recycled materials to minimize ecological impact. Allbirds’ product portfolio includes lifestyle sneakers, running shoes, and casual slip-ons, all engineered for comfort, durability, and low carbon footprint.
The company’s signature offerings include the Wool Runner series, crafted from New Zealand merino wool, and the Tree line, which uses eucalyptus fiber.
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