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 business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $4.21, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Allbirds Stock Up 3.0%

Shares of BIRD traded up $0.13 during mid-day trading on Friday, hitting $4.41. 1,209,925 shares of the company’s stock were exchanged, compared to its average volume of 3,840,543. The stock’s 50-day moving average is $5.62 and its 200-day moving average is $4.27. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.68 and a current ratio of 1.59. Allbirds, Inc. has a fifty-two week low of $2.15 and a fifty-two week high of $24.31. The company has a market cap of $38.85 million, a price-to-earnings ratio of -0.48 and a beta of 2.56.

Allbirds (NASDAQ:BIRD) last announced its quarterly earnings data on Monday, April 20th. The company reported ($2.37) earnings per share 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%.

Institutional Investors Weigh In On Allbirds

Large investors have recently modified their holdings of the company. PDT Partners LLC raised its holdings in shares of Allbirds by 30.0% in the 2nd quarter. PDT Partners LLC now owns 15,344 shares of the company’s stock valued at $163,000 after purchasing an additional 3,545 shares in the last quarter. Performa Ltd US LLC increased its holdings in Allbirds by 40.1% in the fourth quarter. Performa Ltd US LLC now owns 18,350 shares of the company’s stock valued at $75,000 after buying an additional 5,250 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Allbirds in the third quarter valued at $59,000. Bridgeway Capital Management LLC increased its holdings in Allbirds by 46.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 34,931 shares of the company’s stock valued at $143,000 after buying an additional 11,100 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Allbirds by 4.9% in the third quarter. Vanguard Group Inc. now owns 243,983 shares of the company’s stock valued at $1,383,000 after buying an additional 11,459 shares in the last quarter. 44.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings upgraded Allbirds from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. Wall Street Zen cut Allbirds from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Allbirds currently has a consensus rating of “Reduce” and a consensus price target of $8.00.

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.