Kidpik Corp.’s Lock-Up Period To Expire on May 10th (NASDAQ:PIK)

Kidpik’s (NASDAQ:PIK – Get Rating) lock-up period is set to end on Tuesday, May 10th. Kidpik had issued 2,117,647 shares in its public offering on November 11th. The total size of the offering was $18,000,000 based on an initial share price of $8.50. After the end of Kidpik’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

NASDAQ:PIK opened at $2.25 on Tuesday. The business’s 50 day moving average is $3.07. Kidpik has a fifty-two week low of $1.51 and a fifty-two week high of $10.49.

Kidpik (NASDAQ:PIK – Get Rating) last posted its quarterly earnings data on Thursday, March 31st. The company reported ($0.28) earnings per share for the quarter. The company had revenue of $5.27 million for the quarter.

A number of hedge funds have recently modified their holdings of PIK. Kepos Capital LP purchased a new position in Kidpik in the 4th quarter valued at approximately $651,000. Citadel Advisors LLC purchased a new position in Kidpik in the 4th quarter valued at approximately $188,000. National Asset Management Inc. purchased a new position in Kidpik in the 1st quarter valued at approximately $97,000. Virtu Financial LLC purchased a new position in Kidpik in the 4th quarter valued at approximately $75,000. Finally, BlackRock Inc. purchased a new position in Kidpik in the 4th quarter valued at approximately $36,000. 9.80% of the stock is owned by institutional investors.

About Kidpik (Get Rating)

Kidpik Corp. operates as a subscription-based e-commerce company that sells girls' and boys' apparel, footwear, and accessories. It offers apparel, including tops, bottoms, cardigans, jackets, dresses, and swimwear in knit and woven fabrication; shoes, such as sneakers, boots, sandals, and dress shoes; and accessories comprising sunglasses, jewelry, bags, socks, hats, and hair goods.

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