Barclays PLC Purchases 125,756 Shares of BARK, Inc. (NYSE:BARK)

Barclays PLC grew its position in shares of BARK, Inc. (NYSE:BARK) by 146.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,446 shares of the company’s stock after acquiring an additional 125,756 shares during the quarter. Barclays PLC owned about 0.12% of BARK worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of BARK. Rhumbline Advisers boosted its stake in shares of BARK by 12.2% in the 2nd quarter. Rhumbline Advisers now owns 148,335 shares of the company’s stock worth $268,000 after buying an additional 16,185 shares during the last quarter. AQR Capital Management LLC bought a new stake in BARK during the second quarter worth $34,000. Intech Investment Management LLC purchased a new position in BARK in the third quarter worth $30,000. The Manufacturers Life Insurance Company grew its stake in BARK by 62.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,364 shares of the company’s stock valued at $95,000 after purchasing an additional 20,110 shares during the period. Finally, Gladius Capital Management LP purchased a new stake in shares of BARK during the 3rd quarter valued at $35,000. 28.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BARK

In other BARK news, Chairman Matt Meeker purchased 34,000 shares of the stock in a transaction on Monday, November 11th. The stock was acquired at an average price of $1.52 per share, with a total value of $51,680.00. Following the transaction, the chairman now directly owns 10,734,460 shares of the company’s stock, valued at approximately $16,316,379.20. This trade represents a 0.32 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 14.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BARK shares. Citigroup increased their price objective on BARK from $2.00 to $2.50 and gave the company a “buy” rating in a report on Friday. Canaccord Genuity Group increased their price target on BARK from $2.00 to $2.50 and gave the stock a “hold” rating in a research note on Monday, December 2nd.

BARK Trading Up 4.2 %

NYSE BARK opened at $1.97 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.32. The stock’s 50-day simple moving average is $1.85 and its two-hundred day simple moving average is $1.69. BARK, Inc. has a twelve month low of $0.74 and a twelve month high of $2.56. The company has a market capitalization of $342.69 million, a price-to-earnings ratio of -10.94 and a beta of 1.92.

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.