Allbirds, Inc. (NASDAQ:BIRD) CFO Sells $34,992.16 in Stock

Allbirds, Inc. (NASDAQ:BIRD) CFO Ann Mitchell sold 62,486 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $0.56, for a total value of $34,992.16. Following the completion of the sale, the chief financial officer now owns 812,024 shares in the company, valued at $454,733.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ann Mitchell also recently made the following trade(s):

• On Monday, May 20th, Ann Mitchell acquired 10,000 shares of Allbirds stock. The stock was purchased at an average cost of $0.72 per share, for a total transaction of $7,200.00.

Allbirds Trading Down 1.1 %

NASDAQ:BIRD opened at $0.54 on Friday. The firm has a fifty day simple moving average of $0.63 and a two-hundred day simple moving average of $0.86. Allbirds, Inc. has a 12 month low of $0.52 and a 12 month high of $1.83. The stock has a market capitalization of $84.65 million, a price-to-earnings ratio of -0.57 and a beta of 1.78.

Allbirds (NASDAQ:BIRD) last issued its earnings results on Wednesday, May 8th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.03. Allbirds had a negative return on equity of 57.15% and a negative net margin of 60.50%. The company had revenue of $39.33 million during the quarter, compared to the consensus estimate of $39.73 million. Equities analysts predict that Allbirds, Inc. will post -0.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Allbirds

A number of institutional investors have recently modified their holdings of the company. Hollencrest Capital Management grew its position in Allbirds by 100.0% in the 3rd quarter. Hollencrest Capital Management now owns 30,000 shares of the company’s stock valued at $33,000 after purchasing an additional 15,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Allbirds during the third quarter valued at about $209,000. Coldstream Capital Management Inc. bought a new stake in shares of Allbirds during the fourth quarter worth about $274,000. Arnhold LLC raised its holdings in shares of Allbirds by 20.5% in the 4th quarter. Arnhold LLC now owns 272,905 shares of the company’s stock worth $334,000 after acquiring an additional 46,350 shares during the last quarter. Finally, CastleKnight Management LP bought a new position in Allbirds in the 4th quarter valued at about $348,000. 44.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Piper Sandler dropped their target price on shares of Allbirds from $1.60 to $1.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Telsey Advisory Group restated a “market perform” rating and set a $1.00 target price on shares of Allbirds in a research report on Wednesday, March 6th. Finally, Wedbush lowered their target price on Allbirds from $0.90 to $0.70 and set a “neutral” rating for the company in a report on Thursday, May 9th.

Allbirds Company Profile

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.