JPMorgan Chase & Co. Increases Holdings in BARK, Inc. (NYSE:BARK)

JPMorgan Chase & Co. raised its holdings in shares of BARK, Inc. (NYSE:BARK) by 330.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 256,422 shares of the company’s stock after acquiring an additional 196,920 shares during the quarter. JPMorgan Chase & Co.’s holdings in BARK were worth $418,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BARK. Barclays PLC raised its stake in BARK by 146.8% during the 3rd quarter. Barclays PLC now owns 211,446 shares of the company’s stock worth $345,000 after acquiring an additional 125,756 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of BARK by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,831,583 shares of the company’s stock valued at $4,616,000 after purchasing an additional 186,427 shares during the last quarter. State Street Corp grew its stake in BARK by 7.1% during the 3rd quarter. State Street Corp now owns 2,398,571 shares of the company’s stock worth $3,910,000 after buying an additional 158,347 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in BARK during the third quarter worth approximately $56,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in BARK in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 28.76% of the company’s stock.

Insider Buying and Selling at BARK

In other BARK news, Chairman Matt Meeker bought 34,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was acquired at an average cost of $1.52 per share, with a total value of $51,680.00. Following the purchase, the chairman now owns 10,734,460 shares in the company, valued at approximately $16,316,379.20. This represents a 0.32 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 14.80% of the stock is currently owned by corporate insiders.

BARK Trading Down 1.9 %

NYSE:BARK opened at $1.86 on Thursday. The company has a current ratio of 2.42, a quick ratio of 1.49 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $2.03 and its 200-day simple moving average is $1.74. BARK, Inc. has a 12-month low of $0.87 and a 12-month high of $2.56. The firm has a market cap of $322.68 million, a P/E ratio of -10.31 and a beta of 1.94.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BARK. Canaccord Genuity Group raised their target price on shares of BARK from $2.00 to $2.50 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Citigroup upped their target price on shares of BARK from $2.00 to $2.50 and gave the company a “buy” rating in a report on Friday, January 3rd.

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.