Insider Selling: Allbirds (NASDAQ:BIRD) CEO Sells $494,502.39 in Stock

Allbirds, Inc. (NASDAQ:BIRD) CEO Nadia Catherine Carlsten sold 117,459 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $4.21, for a total value of $494,502.39. Following the sale, the chief executive officer owned 1,414,920 shares in the company, valued at $5,956,813.20. This trade represents a 7.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Allbirds Price Performance

Shares of NASDAQ:BIRD opened at $4.41 on Monday. The company has a market cap of $38.85 million, a P/E ratio of -0.48 and a beta of 2.57. The business has a fifty day simple moving average of $5.37 and a 200-day simple moving average of $4.27. Allbirds, Inc. has a 52 week low of $2.15 and a 52 week 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.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP purchased a new stake in Allbirds during the third quarter worth approximately $59,000. Jane Street Group LLC purchased a new stake in Allbirds during the 4th quarter worth $54,000. PDT Partners LLC boosted its position in Allbirds by 30.0% during the 2nd quarter. PDT Partners LLC now owns 15,344 shares of the company’s stock worth $163,000 after purchasing an additional 3,545 shares during the period. Performa Ltd US LLC increased its holdings in Allbirds by 40.1% in the 4th quarter. Performa Ltd US LLC now owns 18,350 shares of the company’s stock valued at $75,000 after purchasing an additional 5,250 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Allbirds by 46.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 34,931 shares of the company’s stock valued at $143,000 after purchasing an additional 11,100 shares in the last quarter. Hedge funds and other institutional investors own 44.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.