Key Points
- CEO Joseph Vernachio sold 4,413 Allbirds shares at an average price of $2.69 on March 3 for $11,870.97, trimming his stake by about 4.9% to 85,569 shares (disclosed in an SEC filing).
- Stock weakness: BIRD traded down about 3.9% to $2.68, with a market cap near $22 million and trading close to its 12‑month low of $2.63.
- Negative analyst sentiment: The consensus rating is "Reduce" with an average target price of $11, after several downgrades (including a cut to "sell" and other reductions to "hold").
Allbirds, Inc. (NASDAQ:BIRD - Get Free Report) CEO Joseph Vernachio sold 4,413 shares of Allbirds stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $2.69, for a total transaction of $11,870.97. Following the completion of the sale, the chief executive officer owned 85,569 shares of the company's stock, valued at approximately $230,180.61. This trade represents a 4.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Allbirds Stock Down 3.9%
NASDAQ BIRD traded down $0.11 during trading hours on Thursday, reaching $2.68. 11,916 shares of the company traded hands, compared to its average volume of 59,900. The stock has a market capitalization of $22.00 million, a PE ratio of -0.26 and a beta of 1.99. The company has a current ratio of 2.37, a quick ratio of 1.10 and a debt-to-equity ratio of 0.24. Allbirds, Inc. has a 12 month low of $2.63 and a 12 month high of $12.85. The company has a 50 day moving average of $3.68 and a two-hundred day moving average of $5.14.
Hedge Funds Weigh In On Allbirds
Several institutional investors have recently modified their holdings of the company. Finley Financial LLC bought a new stake in Allbirds in the 3rd quarter valued at about $28,000. Susquehanna International Group LLP acquired a new stake in shares of Allbirds in the third quarter valued at approximately $59,000. Performa Ltd US LLC bought a new stake in shares of Allbirds during the third quarter valued at approximately $74,000. Jane Street Group LLC acquired a new position in shares of Allbirds during the fourth quarter worth approximately $54,000. Finally, PDT Partners LLC lifted its stake in shares of Allbirds by 30.0% in the 2nd quarter. PDT Partners LLC now owns 15,344 shares of the company's stock worth $163,000 after acquiring an additional 3,545 shares during the period. Institutional investors own 44.07% of the company's stock.
Analysts Set New Price Targets
BIRD has been the topic of several research reports. Wall Street Zen cut Allbirds from a "hold" rating to a "sell" rating in a research note on Sunday, November 16th. Weiss Ratings restated a "sell (d-)" rating on shares of Allbirds in a research note on Wednesday, January 21st. Finally, Maxim Group lowered shares of Allbirds from a "buy" rating to a "hold" rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Allbirds currently has an average rating of "Reduce" and a consensus target price of $11.00.
Check Out Our Latest Research Report on BIRD
About Allbirds
(
Get Free Report)
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.
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