Barclays PLC Increases Stake in BARK, Inc. (NYSE:BARK)

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

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in shares of BARK by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,831,583 shares of the company’s stock valued at $4,616,000 after buying an additional 186,427 shares in the last quarter. State Street Corp raised 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 acquiring an additional 158,347 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in shares of BARK during the third quarter worth $56,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of BARK in the third quarter valued at $37,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of BARK by 9.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,004,911 shares of the company’s stock valued at $1,638,000 after purchasing an additional 84,749 shares during the period. Institutional investors own 28.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BARK shares. Citigroup raised their target price on BARK from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Canaccord Genuity Group boosted their price objective on shares of BARK from $2.00 to $2.50 and gave the company a “hold” rating in a research note on Monday, December 2nd.

Insider Buying and Selling

In other news, Chairman Matt Meeker acquired 34,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was purchased at an average cost of $1.52 per share, for a total transaction of $51,680.00. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 14.80% of the stock is owned by company insiders.

BARK Price Performance

BARK stock opened at $2.00 on Monday. The stock has a market cap of $347.03 million, a price-to-earnings ratio of -11.08 and a beta of 1.94. 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 business has a 50-day simple moving average of $1.97 and a 200 day simple moving average of $1.72. BARK, Inc. has a 52 week low of $0.86 and a 52 week high of $2.56.

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.