State Street Corp Has $3.91 Million Stock Position in BARK, Inc. (NYSE:BARK)

State Street Corp increased its position in BARK, Inc. (NYSE:BARK) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,398,571 shares of the company’s stock after buying an additional 158,347 shares during the period. State Street Corp owned 1.38% of BARK worth $3,910,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new stake in BARK in the 3rd quarter worth about $56,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of BARK during the 3rd quarter worth $37,000. Charles Schwab Investment Management Inc. grew its position in BARK by 9.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,004,911 shares of the company’s stock valued at $1,638,000 after buying an additional 84,749 shares during the period. Intech Investment Management LLC bought a new stake in BARK in the third quarter worth about $30,000. Finally, Gladius Capital Management LP purchased a new position in BARK in the third quarter valued at about $35,000. 28.76% of the stock is owned by institutional investors.

BARK Trading Down 0.5 %

BARK stock opened at $1.86 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.49 and a current ratio of 2.42. BARK, Inc. has a fifty-two week low of $0.74 and a fifty-two week high of $2.56. The stock has a market cap of $323.55 million, a P/E ratio of -10.33 and a beta of 1.92. The firm’s fifty day moving average price is $1.80 and its 200-day moving average price is $1.68.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price target on shares of BARK from $2.00 to $2.50 and gave the stock a “hold” rating in a report on Monday, December 2nd.

Insider Buying and Selling

In related news, Chairman Matt Meeker acquired 34,000 shares of the stock in a transaction on Monday, November 11th. The stock was purchased at an average price of $1.52 per share, for a total transaction of $51,680.00. Following the completion of the transaction, the chairman now owns 10,734,460 shares of the company’s stock, valued at $16,316,379.20. This trade represents a 0.32 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.80% of the stock is owned by company insiders.

BARK Company Profile

BARK Inc, a dog-centric company, provides products, services, and content for dogs. It operates in two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It is also involved in the design of playstyle-specific toys, satisfying treats, personal meal plans with supplements, and dog-first experiences designed to foster health and happiness of dogs everywhere.