State Street Corp Has $211,000 Holdings in Allbirds, Inc. (NASDAQ:BIRD)

State Street Corp cut its position in shares of Allbirds, Inc. (NASDAQ:BIRD - Free Report) by 95.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,877 shares of the company's stock after selling 339,668 shares during the quarter. State Street Corp owned 0.23% of Allbirds worth $211,000 at the end of the most recent quarter.

Separately, Jacobs Levy Equity Management Inc. acquired a new position in Allbirds during the third quarter valued at $138,000. Institutional investors and hedge funds own 44.07% of the company's stock.

Allbirds Trading Up 7.8 %

NASDAQ BIRD traded up $0.52 during trading on Friday, reaching $7.18. 48,906 shares of the company's stock were exchanged, compared to its average volume of 56,403. Allbirds, Inc. has a fifty-two week low of $6.54 and a fifty-two week high of $25.60. The company's fifty day simple moving average is $8.27 and its 200-day simple moving average is $10.66. The firm has a market capitalization of $56.95 million, a PE ratio of -0.45 and a beta of 1.61.

Allbirds (NASDAQ:BIRD - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($2.68) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($3.13) by $0.45. Allbirds had a negative return on equity of 65.30% and a negative net margin of 60.43%. The firm had revenue of $43.00 million during the quarter, compared to analysts' expectations of $42.11 million. During the same quarter last year, the firm earned ($4.20) earnings per share. Equities analysts forecast that Allbirds, Inc. will post -11.89 EPS for the current fiscal year.

Allbirds Company Profile

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.