Allbirds, Inc. (NASDAQ:BIRD) CFO Ann Mitchell Sells 1,876 Shares

Allbirds, Inc. (NASDAQ:BIRD - Get Free Report) CFO Ann Mitchell sold 1,876 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $6.13, for a total value of $11,499.88. Following the completion of the transaction, the chief financial officer now directly owns 80,599 shares in the company, valued at approximately $494,071.87. This represents a 2.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Allbirds Price Performance

NASDAQ BIRD traded up $0.28 on Friday, reaching $6.63. The stock had a trading volume of 17,685 shares, compared to its average volume of 49,825. The company has a market cap of $52.59 million, a P/E ratio of -0.41 and a beta of 1.56. Allbirds, Inc. has a 1-year low of $5.76 and a 1-year high of $19.00. The firm has a fifty day moving average of $6.77 and a two-hundred day moving average of $8.99.

Wall Street Analyst Weigh In

Separately, Morgan Stanley decreased their price objective on Allbirds from $12.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 21st.

Institutional Trading of Allbirds

Large investors have recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Allbirds during the 3rd quarter worth $138,000. Jane Street Group LLC acquired a new stake in shares of Allbirds during the 4th quarter worth $104,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Allbirds during the 4th quarter worth $70,000. JPMorgan Chase & Co. grew its holdings in shares of Allbirds by 169.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,232 shares of the company's stock worth $43,000 after purchasing an additional 3,919 shares in the last quarter. Finally, Performa Ltd US LLC grew its holdings in shares of Allbirds by 64.0% during the 4th quarter. Performa Ltd US LLC now owns 8,200 shares of the company's stock worth $57,000 after purchasing an additional 3,200 shares in the last quarter. 44.07% of the stock is owned by institutional investors and hedge funds.

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About Allbirds

Allbirds, Inc manufactures and sells footwear and apparel products for men and women in the United States and internationally. The company offers a range of lifestyle and performance shoes; and apparel, including classic tees and sweats, socks, and underwear. It sells its products through its retail stores, as well as online.