Joseph Vernachio Sells 4,413 Shares of Allbirds (NASDAQ:BIRD) Stock

Allbirds, Inc. (NASDAQ:BIRD) CEO Joseph Vernachio sold 4,413 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $2.69, for a total value of $11,870.97. Following the transaction, the chief executive officer directly owned 85,569 shares of the company’s stock, valued at $230,180.61. The trade was a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Allbirds Stock Performance

Shares of Allbirds stock opened at $2.61 on Friday. Allbirds, Inc. has a one year low of $2.60 and a one year high of $12.85. The business has a 50-day simple moving average of $3.65 and a 200-day simple moving average of $5.12. The company has a market cap of $21.43 million, a PE ratio of -0.25 and a beta of 1.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.10 and a current ratio of 2.37.

Analysts Set New Price Targets

BIRD has been the subject of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Allbirds in a research report on Wednesday, January 21st. Maxim Group downgraded Allbirds from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen lowered Allbirds from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $11.00.

Institutional Investors Weigh In On Allbirds

Large investors have recently made changes to their positions in the company. Tenzing Global Management LLC acquired a new stake in Allbirds in the second quarter valued at approximately $3,762,000. Jane Street Group LLC bought a new position in shares of Allbirds during the 4th quarter worth approximately $54,000. Performa Ltd US LLC acquired a new stake in Allbirds during the 3rd quarter valued at $74,000. Vanguard Group Inc. raised its stake in shares of Allbirds by 4.9% in 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. Finally, Bridgeway Capital Management LLC lifted its stake in shares of 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 period. Institutional investors and hedge funds 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.