State Street Corp Sells 339,668 Shares of Allbirds, Inc. (NASDAQ:BIRD)

State Street Corp decreased its position in shares of Allbirds, Inc. (NASDAQ:BIRD) by 95.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,877 shares of the company’s stock after selling 339,668 shares during the period. State Street Corp owned approximately 0.23% of Allbirds worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Allbirds during the 2nd quarter worth about $65,000. Institutional investors own 44.07% of the company’s stock.

Allbirds Trading Up 7.8 %

Shares of NASDAQ:BIRD opened at $7.18 on Friday. The company has a market capitalization of $56.95 million, a price-to-earnings ratio of -0.45 and a beta of 1.61. Allbirds, Inc. has a 12 month low of $6.54 and a 12 month high of $25.60. The firm’s 50-day moving average is $8.27 and its 200 day moving average is $10.66.

Allbirds (NASDAQ:BIRD) last released its earnings results on Wednesday, November 6th. The company reported ($2.68) 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 for the quarter, compared to analysts’ expectations of $42.11 million. During the same quarter in the prior year, the firm posted ($4.20) earnings per share. As a group, equities analysts forecast that Allbirds, Inc. will post -11.89 EPS for the current fiscal year.

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.