Allbirds (NASDAQ:BIRD) CEO Nadia Catherine Carlsten Sells 117,459 Shares of Stock

Allbirds, Inc. (NASDAQ:BIRD) CEO Nadia Catherine Carlsten sold 117,459 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $4.21, for a total value of $494,502.39. Following the completion of the transaction, the chief executive officer owned 1,414,920 shares in the company, valued at approximately $5,956,813.20. The trade was a 7.67% decrease in their position. 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 3.0%

BIRD stock traded up $0.13 during trading on Friday, hitting $4.41. 1,209,925 shares of the company’s stock were exchanged, compared to its average volume of 3,840,543. The business has a 50-day moving average price of $5.62 and a two-hundred day moving average price of $4.27. The stock has a market capitalization of $38.85 million, a price-to-earnings ratio of -0.48 and a beta of 2.56. Allbirds, Inc. has a 52-week low of $2.15 and a 52-week high of $24.31. The company has a current ratio of 1.59, a quick ratio of 0.68 and a debt-to-equity ratio of 1.07.

Allbirds (NASDAQ:BIRD) last announced its quarterly earnings results on Monday, April 20th. The company reported ($2.37) EPS for the quarter. The company had revenue of $22.32 million during the quarter. Allbirds had a negative net margin of 53.36% and a negative return on equity of 173.54%.

Analyst Ratings Changes

BIRD has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Allbirds from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of Allbirds from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Allbirds presently has an average rating of “Reduce” and a consensus target price of $8.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BIRD. Performa Ltd US LLC grew its stake in 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 buying an additional 6,650 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in Allbirds by 46.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 34,931 shares of the company’s stock valued at $143,000 after buying an additional 11,100 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Allbirds in the fourth quarter valued at approximately $54,000. Susquehanna International Group LLP acquired a new stake in shares of Allbirds in the third quarter valued at approximately $59,000. Finally, Vanguard Group Inc. grew its position in shares of Allbirds by 4.9% during the third quarter. Vanguard Group Inc. now owns 243,983 shares of the company’s stock worth $1,383,000 after acquiring an additional 11,459 shares during the last quarter. Hedge funds and other institutional investors 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.