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

Allbirds, Inc. (NASDAQ:BIRD) 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 transaction, the chief financial officer now directly owns 80,599 shares in the company, valued at $494,071.87. The trade was a 2.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Allbirds Price Performance

Shares of BIRD stock opened at $6.45 on Thursday. Allbirds, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $19.00. The stock’s 50-day moving average is $6.82 and its two-hundred day moving average is $9.08. The firm has a market cap of $51.16 million, a P/E ratio of -0.40 and a beta of 1.60.

Analysts Set New Price Targets

Separately, Morgan Stanley dropped their price target on Allbirds from $12.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Allbirds by 169.4% in 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 during the last quarter. Performa Ltd US LLC increased its position in Allbirds by 64.0% in 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 during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Allbirds in the 4th quarter worth about $70,000. Jane Street Group LLC acquired a new position in Allbirds in the 4th quarter worth about $104,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Allbirds in the 3rd quarter worth about $138,000. 44.07% of the stock is owned by institutional investors and hedge funds.

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.