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

Allbirds, Inc. (NASDAQ:BIRD) CEO Nadia Catherine Carlsten sold 117,459 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 1,414,920 shares of the company’s stock, valued at $5,956,813.20. The trade was a 7.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Allbirds Stock Performance

Shares of Allbirds stock opened at $4.41 on Friday. The firm’s fifty day simple moving average is $5.37 and its 200-day simple moving average is $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 12 month low of $2.15 and a 12 month high of $24.31. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.59 and a quick ratio of 0.68.

Allbirds (NASDAQ:BIRD) last released its quarterly earnings results on Monday, April 20th. The company reported ($2.37) EPS for the quarter. The business 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 subject of several recent research reports. Weiss Ratings upgraded shares of Allbirds from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. Wall Street Zen downgraded Allbirds from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $8.00.

Hedge Funds Weigh In On Allbirds

Several institutional investors have recently bought and sold shares of the company. Tenzing Global Management LLC acquired a new stake in shares of Allbirds in the 2nd quarter worth $3,762,000. Jane Street Group LLC acquired a new position in shares of Allbirds during the fourth quarter worth about $54,000. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 11,459 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in Allbirds by 46.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 34,931 shares of the company’s stock worth $143,000 after purchasing an additional 11,100 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Allbirds in the third quarter valued at about $59,000. 44.07% of the stock is owned by institutional investors and hedge funds.

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.