Charles Schwab Investment Management Inc. Raises Holdings in BARK, Inc. (NYSE:BARK)

Charles Schwab Investment Management Inc. raised its stake in BARK, Inc. (NYSE:BARK) by 9.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,004,911 shares of the company’s stock after purchasing an additional 84,749 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in BARK were worth $1,638,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in shares of BARK in the second quarter worth $34,000. Intech Investment Management LLC purchased a new position in shares of BARK in the 3rd quarter valued at about $30,000. Gladius Capital Management LP acquired a new stake in shares of BARK during the 3rd quarter worth about $35,000. Algert Global LLC acquired a new position in BARK in the second quarter valued at $63,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of BARK by 27.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,225 shares of the company’s stock valued at $49,000 after acquiring an additional 8,436 shares during the period. 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. Company insiders own 14.80% of the company’s stock.

BARK Price Performance

Shares of NYSE:BARK opened at $2.16 on Tuesday. The company has a 50-day simple moving average of $1.74 and a 200-day simple moving average of $1.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.49 and a current ratio of 2.42. The stock has a market capitalization of $374.86 million, a price-to-earnings ratio of -11.97 and a beta of 1.92. BARK, Inc. has a one year low of $0.71 and a one year high of $2.56.

Wall Street Analysts Forecast Growth

Separately, 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.

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.