Allbirds (NASDAQ:BIRD) CFO Ann Mitchell Sells 19,508 Shares

Allbirds, Inc. (NASDAQ:BIRDGet Free Report) CFO Ann Mitchell sold 19,508 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $2.30, for a total transaction of $44,868.40. Following the sale, the chief financial officer owned 821,115 shares in the company, valued at $1,888,564.50. This trade represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Allbirds Price Performance

Shares of Allbirds stock traded up $0.07 on Monday, hitting $2.37. The company had a trading volume of 227,415 shares, compared to its average volume of 2,734,383. The business has a 50-day simple moving average of $2.50 and a 200-day simple moving average of $3.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.70 and a quick ratio of 3.70. The company has a market cap of $20.87 million, a PE ratio of -0.26 and a beta of 2.62. Allbirds, Inc. has a 52 week low of $2.15 and a 52 week high of $24.31.

Allbirds (NASDAQ:BIRDGet Free Report) last announced its earnings results on Tuesday, August 18th. The company reported ($1.39) EPS for the quarter, topping the consensus estimate of ($1.49) by $0.10. Allbirds had a negative return on equity of 231.86% and a negative net margin of 72.82%.The firm had revenue of $2.76 million for the quarter, compared to analysts’ expectations of $29.50 million.

Analyst Upgrades and Downgrades

BIRD has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Allbirds in a research note on Thursday, August 27th. Wall Street Zen cut Allbirds from a “hold” rating to a “sell” rating in a research note on Sunday, August 30th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Allbirds has an average rating of “Reduce”.

Read Our Latest Analysis on Allbirds

Institutional Trading of Allbirds

Large investors have recently added to or reduced their stakes in the business. Cygnus Capital Advisors LLC acquired a new position in Allbirds in the second quarter worth approximately $186,000. Performa Ltd US LLC lifted its position 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 valued at $75,000 after acquiring an additional 6,650 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Allbirds during the 2nd quarter valued at $73,000. 44.07% of the stock is currently owned by institutional investors.

About Allbirds

(Get Free Report)

Allbirds, Inc is a lifestyle footwear and apparel company known for products designed with an emphasis on natural and renewable materials. Its product range has included casual shoes, running shoes, sandals, clothing and accessories for men and women.

The company has used materials such as merino wool, eucalyptus fiber and sugarcane-based foam in selected products. Allbirds markets its offerings through its e-commerce platform, company-operated retail stores and, in some markets, other distribution channels.

Allbirds was founded in 2015 by Tim Brown and Joey Zwillinger.

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