BARK, Inc. (NYSE:BARK) CFO Acquires $50,587.78 in Stock

BARK, Inc. (NYSE:BARK) CFO Zahir Ibrahim purchased 58,823 shares of BARK stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average price of $0.86 per share, with a total value of $50,587.78. Following the acquisition, the chief financial officer now directly owns 364,378 shares of the company’s stock, valued at $313,365.08. This trade represents a 19.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

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

BARK Trading Up 2.7%

NYSE BARK traded up $0.02 during trading on Monday, reaching $0.85. The company’s stock had a trading volume of 1,268,534 shares, compared to its average volume of 914,331. The firm has a 50 day moving average price of $1.19 and a 200 day moving average price of $1.60. BARK, Inc. has a 12 month low of $0.81 and a 12 month high of $2.56. The firm has a market capitalization of $143.25 million, a price-to-earnings ratio of -4.45 and a beta of 2.01.

BARK (NYSE:BARK) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $115.41 million during the quarter, compared to analysts’ expectations of $126.74 million. BARK had a negative return on equity of 15.34% and a negative net margin of 6.47%. On average, equities analysts forecast that BARK, Inc. will post -0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On BARK

Large investors have recently modified their holdings of the business. Brooklyn FI LLC lifted its position in shares of BARK by 5,886.9% during the 4th quarter. Brooklyn FI LLC now owns 19,712,256 shares of the company’s stock worth $34,362,000 after buying an additional 19,383,002 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in BARK by 373.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,589,523 shares of the company’s stock worth $2,925,000 after acquiring an additional 1,253,876 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BARK by 464.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,446,340 shares of the company’s stock worth $2,661,000 after acquiring an additional 1,189,918 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of 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 purchasing an additional 813,880 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of BARK by 5.0% during the 4th quarter. Northern Trust Corp now owns 1,041,260 shares of the company’s stock valued at $1,916,000 after purchasing an additional 49,672 shares during the last quarter. Institutional investors and hedge funds own 28.76% of the company’s stock.

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.