JPMorgan Chase & Co. Boosts Stake in BARK, Inc. (NYSE:BARK)

JPMorgan Chase & Co. lifted its holdings in shares of BARK, Inc. (NYSE:BARK) by 330.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 256,422 shares of the company’s stock after purchasing an additional 196,920 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of BARK worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC lifted its position in BARK by 7.0% in the third 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 during the last quarter. State Street Corp lifted its holdings in shares of BARK by 7.1% in the 3rd quarter. State Street Corp now owns 2,398,571 shares of the company’s stock worth $3,910,000 after acquiring an additional 158,347 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 acquiring an additional 84,749 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of BARK by 68.3% during the 2nd quarter. Renaissance Technologies LLC now owns 729,917 shares of the company’s stock worth $1,321,000 after purchasing an additional 296,199 shares during the period. Finally, Roubaix Capital LLC acquired a new stake in BARK in the 3rd quarter valued at approximately $894,000. 28.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Matt Meeker bought 34,000 shares of BARK stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average price of $1.52 per share, with a total value of $51,680.00. Following the completion of the acquisition, the chairman now directly owns 10,734,460 shares in the company, valued at $16,316,379.20. The trade was a 0.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 14.80% of the company’s stock.

BARK Price Performance

BARK stock opened at $1.86 on Thursday. The company’s 50 day moving average is $2.03 and its two-hundred day moving average is $1.74. The firm has a market cap of $322.68 million, a PE ratio of -10.31 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. BARK, Inc. has a 52-week low of $0.87 and a 52-week high of $2.56.

Analysts Set New Price Targets

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

BARK 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.