Geode Capital Management LLC Grows Stock Holdings in BARK, Inc. (NYSE:BARK)

Geode Capital Management LLC boosted its holdings in BARK, Inc. (NYSE:BARK) by 7.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,831,583 shares of the company’s stock after buying an additional 186,427 shares during the period. Geode Capital Management LLC owned 1.63% of BARK worth $4,616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in BARK by 7.1% during the 3rd quarter. State Street Corp now owns 2,398,571 shares of the company’s stock valued at $3,910,000 after buying an additional 158,347 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in BARK by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,004,911 shares of the company’s stock worth $1,638,000 after purchasing an additional 84,749 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of BARK by 68.3% during the 2nd quarter. Renaissance Technologies LLC now owns 729,917 shares of the company’s stock valued at $1,321,000 after purchasing an additional 296,199 shares during the last quarter. Roubaix Capital LLC purchased a new position in shares of BARK during the third quarter valued at about $894,000. Finally, Bank of New York Mellon Corp lifted its position in shares of BARK by 10.3% in the second quarter. Bank of New York Mellon Corp now owns 407,102 shares of the company’s stock worth $737,000 after buying an additional 37,980 shares in the last quarter. 28.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other BARK news, Chairman Matt Meeker purchased 34,000 shares of BARK stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of $1.52 per share, for a total transaction of $51,680.00. Following the completion of the acquisition, the chairman now owns 10,734,460 shares in the company, valued at $16,316,379.20. This represents a 0.32 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 14.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on BARK. Canaccord Genuity Group lifted their price objective on BARK from $2.00 to $2.50 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Citigroup boosted their target price on shares of BARK from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Friday.

BARK Stock Up 4.2 %

NYSE BARK opened at $1.97 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.32. BARK, Inc. has a 52 week low of $0.74 and a 52 week high of $2.56. The firm has a market capitalization of $342.69 million, a price-to-earnings ratio of -10.94 and a beta of 1.92. The company has a fifty day moving average of $1.85 and a two-hundred day moving average of $1.69.

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.