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

Allbirds, Inc. (NASDAQ:BIRD) CEO Nadia Catherine Carlsten sold 117,459 shares of Allbirds stock in a transaction dated Thursday, June 25th. The stock was 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 directly owned 1,414,920 shares of the company’s stock, valued at approximately $5,956,813.20. This trade represents a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Allbirds Price Performance

Shares of BIRD opened at $4.41 on Friday. The business’s fifty day moving average is $5.37 and its 200 day moving average is $4.27. Allbirds, Inc. has a 12-month low of $2.15 and a 12-month high of $24.31. The company has a quick ratio of 0.68, a current ratio of 1.59 and a debt-to-equity ratio of 1.07. The stock has a market cap of $38.85 million, a P/E ratio of -0.48 and a beta of 2.56.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on BIRD. Weiss Ratings upgraded Allbirds from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. Wall Street Zen downgraded shares of Allbirds from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Allbirds currently has an average rating of “Reduce” and a consensus price target of $8.00.

Institutional Investors Weigh In On Allbirds

Several large investors have recently added to or reduced their stakes in BIRD. Susquehanna International Group LLP bought a new position in shares of Allbirds in the third quarter worth approximately $59,000. Jane Street Group LLC bought a new stake in Allbirds during the fourth quarter worth about $54,000. PDT Partners LLC boosted its stake in Allbirds by 30.0% in the second quarter. PDT Partners LLC now owns 15,344 shares of the company’s stock worth $163,000 after buying an additional 3,545 shares in the last quarter. Performa Ltd US LLC boosted its stake in Allbirds by 40.1% in the fourth quarter. Performa Ltd US LLC now owns 18,350 shares of the company’s stock worth $75,000 after buying an additional 5,250 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its position in Allbirds by 46.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 34,931 shares of the company’s stock valued at $143,000 after acquiring an additional 11,100 shares during the last quarter. Institutional investors own 44.07% of the company’s stock.

Allbirds Company Profile

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.