BARK, Inc. (NYSE:BARK) CFO Acquires $79,000.00 in Stock

BARK, Inc. (NYSE:BARK) CFO Zahir Ibrahim bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average price of $1.58 per share, for a total transaction of $79,000.00. Following the completion of the transaction, the chief financial officer now directly owns 250,000 shares of the company’s stock, valued at $395,000. This represents a 25.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Zahir Ibrahim also recently made the following trade(s):

• On Monday, June 9th, Zahir Ibrahim acquired 55,555 shares of BARK stock. The stock was purchased at an average cost of $0.90 per share, for a total transaction of $49,999.50.

BARK Price Performance

Shares of NYSE BARK opened at $0.85 on Thursday. The stock has a market capitalization of $144.27 million, a price-to-earnings ratio of -4.48 and a beta of 2.01. The firm’s 50 day simple moving average is $1.21 and its 200-day simple moving average is $1.62. BARK, Inc. has a 12 month low of $0.85 and a 12 month high of $2.56.

BARK (NYSE:BARK) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. BARK had a negative net margin of 6.47% and a negative return on equity of 15.34%. The firm had revenue of $115.41 million for the quarter, compared to the consensus estimate of $126.74 million. Analysts anticipate that BARK, Inc. will post -0.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BARK. Canaccord Genuity Group reduced their price objective on BARK from $2.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, June 5th. Jefferies Financial Group reduced their target price on shares of BARK from $4.00 to $3.00 and set a “buy” rating for the company in a report on Thursday, June 5th. Finally, Wall Street Zen lowered shares of BARK from a “hold” rating to a “sell” rating in a research report on Friday, June 6th.

Institutional Investors Weigh In On BARK

Institutional investors have recently modified their holdings of the business. Brooklyn FI LLC boosted its position in BARK by 5,886.9% during the fourth quarter. Brooklyn FI LLC now owns 19,712,256 shares of the company’s stock worth $34,362,000 after purchasing an additional 19,383,002 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of BARK by 373.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,589,523 shares of the company’s stock worth $2,925,000 after buying an additional 1,253,876 shares during the period. JPMorgan Chase & Co. lifted its position in shares of BARK by 464.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,446,340 shares of the company’s stock valued at $2,661,000 after buying an additional 1,189,918 shares in the last quarter. Renaissance Technologies LLC grew its stake in BARK by 183.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,257,898 shares of the company’s stock valued at $2,315,000 after acquiring an additional 813,880 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in BARK in the 4th quarter valued at $1,413,000. 28.76% of the stock is currently owned by institutional investors and hedge funds.

About BARK

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.