Allbirds (NASDAQ:BIRD) Trading 4.5% Higher – What’s Next?

Shares of Allbirds, Inc. (NASDAQ:BIRD) were up 4.5% during trading on Monday . The company traded as high as $10.27 and last traded at $10.24. Approximately 28,875 shares traded hands during trading, a decline of 46% from the average daily volume of 53,833 shares. The stock had previously closed at $9.80.

Allbirds Trading Up 3.8 %

The firm has a market capitalization of $1.58 billion, a PE ratio of -10.93 and a beta of 1.78. The firm has a 50-day moving average of $12.15 and a two-hundred day moving average of $12.12.

Allbirds (NASDAQ:BIRD) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($2.40) EPS for the quarter, topping analysts’ consensus estimates of ($3.60) by $1.20. The company had revenue of $51.58 million for the quarter, compared to the consensus estimate of $50.34 million. Allbirds had a negative return on equity of 61.22% and a negative net margin of 61.24%. During the same period last year, the business posted ($3.60) EPS. Equities research analysts expect that Allbirds, Inc. will post -12.57 earnings per share for the current fiscal year.

Insider Activity at Allbirds

In other news, CEO Joseph Vernachio sold 2,367 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $12.00, for a total value of $28,404.00. Following the completion of the sale, the chief executive officer now owns 43,536 shares in the company, valued at approximately $522,432. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Joseph Vernachio sold 2,367 shares of Allbirds stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $12.00, for a total transaction of $28,404.00. Following the sale, the chief executive officer now owns 43,536 shares of the company’s stock, valued at $522,432. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Timothy O. Brown sold 2,500 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $11.80, for a total transaction of $29,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 5,742 shares of company stock worth $68,404. Corporate insiders own 45.50% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Allbirds stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Allbirds, Inc. (NASDAQ:BIRD) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 129,694 shares of the company’s stock, valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. owned about 0.08% of Allbirds at the end of the most recent reporting period. Hedge funds and other institutional investors own 44.07% of the company’s stock.

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.