Insider Selling: Allbirds, Inc. (NASDAQ:BIRD) Director Sells $29,500.00 in Stock

Allbirds, Inc. (NASDAQ:BIRD) Director Timothy O. Brown sold 50,000 shares of Allbirds stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $0.59, for a total value of $29,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Allbirds Stock Up 5.8 %

Shares of BIRD stock opened at $0.69 on Friday. Allbirds, Inc. has a twelve month low of $0.45 and a twelve month high of $1.46. The stock has a market cap of $107.16 million, a price-to-earnings ratio of -0.72 and a beta of 1.76. The business’s fifty day moving average is $0.59 and its 200 day moving average is $0.69.

Allbirds (NASDAQ:BIRD) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.06. Allbirds had a negative net margin of 60.50% and a negative return on equity of 57.15%. The business had revenue of $51.58 million for the quarter, compared to analysts’ expectations of $50.34 million. During the same quarter last year, the company posted ($0.18) EPS. Equities research analysts expect that Allbirds, Inc. will post -0.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wedbush cut their target price on Allbirds from $0.90 to $0.70 and set a “neutral” rating for the company in a research note on Thursday, May 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BIRD. Laidlaw Wealth Management LLC purchased a new stake in Allbirds during the fourth quarter worth $751,000. CastleKnight Management LP purchased a new position in Allbirds during the fourth quarter worth approximately $348,000. Coldstream Capital Management Inc. purchased a new position in Allbirds during the fourth quarter worth about $274,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Allbirds during the second quarter valued at about $65,000. Finally, Arnhold LLC raised its position in Allbirds by 20.5% in the fourth quarter. Arnhold LLC now owns 272,905 shares of the company’s stock valued at $334,000 after purchasing an additional 46,350 shares during the 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.