Krishnan Varier Sells 2,100 Shares of Agrify Co. (NASDAQ:AGFY) Stock

Agrify Co. (NASDAQ:AGFY) Director Krishnan Varier sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $25.69, for a total transaction of $53,949.00. Following the transaction, the director now owns 5,836 shares of the company’s stock, valued at approximately $149,926.84. This trade represents a 26.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Krishnan Varier also recently made the following trade(s):

• On Wednesday, May 28th, Krishnan Varier sold 5,836 shares of Agrify stock. The shares were sold at an average price of $25.50, for a total transaction of $148,818.00.

Agrify Stock Performance

NASDAQ:AGFY opened at $27.82 on Friday. Agrify Co. has a twelve month low of $2.71 and a twelve month high of $84.44. The company has a current ratio of 0.75, a quick ratio of 0.10 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $20.84 and a 200-day moving average of $24.84. The firm has a market cap of $54.30 million, a price-to-earnings ratio of -1.99 and a beta of 10.16.

Agrify (NASDAQ:AGFY) last announced its earnings results on Friday, May 9th. The company reported ($1.68) EPS for the quarter. The business had revenue of $0.54 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Marathon Partners Equity Management LLC acquired a new position in shares of Agrify in the fourth quarter worth about $174,000. AdvisorShares Investments LLC acquired a new position in shares of Agrify in the fourth quarter worth about $321,000. SG Capital Management LLC acquired a new position in shares of Agrify in the fourth quarter worth about $692,000. Renaissance Technologies LLC acquired a new position in shares of Agrify in the fourth quarter worth about $841,000. Finally, Rip Road Capital Partners LP acquired a new position in shares of Agrify in the fourth quarter worth about $1,953,000. 5.98% of the stock is currently owned by institutional investors and hedge funds.

Agrify Company Profile

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.