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

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rhumbline Advisers increased its stake in 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 period. AQR Capital Management LLC purchased a new stake in BARK in the 2nd quarter valued at about $34,000. Intech Investment Management LLC bought a new position in BARK in the 3rd quarter worth about $30,000. The Manufacturers Life Insurance Company increased its position in shares of BARK by 62.3% during the second quarter. The Manufacturers Life Insurance Company now owns 52,364 shares of the company’s stock worth $95,000 after acquiring an additional 20,110 shares during the period. Finally, Gladius Capital Management LP bought a new stake in shares of BARK during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 28.76% of the company’s stock.

Insider Transactions at BARK

In other news, Chairman Matt Meeker bought 34,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were purchased at an average cost 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 in the company, valued at approximately $16,316,379.20. The trade was a 0.32 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 14.80% of the company’s stock.

BARK Trading Up 4.2 %

NYSE BARK opened at $1.97 on Friday. BARK, Inc. has a 52 week low of $0.74 and a 52 week high of $2.56. The company has a 50 day moving average price of $1.85 and a 200 day moving average price of $1.69. 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 firm has a market cap of $342.69 million, a PE ratio of -10.94 and a beta of 1.92.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Canaccord Genuity Group increased 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 raised their price target on BARK from $2.00 to $2.50 and gave the company a “buy” rating in a research note on Friday.

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.