State Street Corp Increases Stock Holdings in BARK, Inc. (NYSE:BARK)

State Street Corp boosted its stake in BARK, Inc. (NYSE:BARK) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,398,571 shares of the company’s stock after acquiring an additional 158,347 shares during the period. State Street Corp’s holdings in BARK were worth $3,910,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of BARK by 10.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 407,102 shares of the company’s stock valued at $737,000 after purchasing an additional 37,980 shares in the last quarter. Rhumbline Advisers boosted its position in BARK by 12.2% during the 2nd quarter. Rhumbline Advisers now owns 148,335 shares of the company’s stock valued at $268,000 after acquiring an additional 16,185 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of BARK by 68.3% during the 2nd quarter. Renaissance Technologies LLC now owns 729,917 shares of the company’s stock worth $1,321,000 after acquiring an additional 296,199 shares during the period. XTX Topco Ltd bought a new position in shares of BARK in the 2nd quarter worth approximately $188,000. Finally, AQR Capital Management LLC purchased a new position in shares of BARK in the 2nd quarter valued at approximately $34,000. 28.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their target price on shares of BARK from $2.00 to $2.50 and gave the company a “hold” rating in a report on Monday, December 2nd.

BARK Price Performance

NYSE BARK opened at $1.86 on Tuesday. 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 company has a market capitalization of $323.55 million, a price-to-earnings ratio of -10.33 and a beta of 1.92. The stock has a 50-day moving average of $1.80 and a 200 day moving average of $1.68. BARK, Inc. has a one year low of $0.74 and a one year high of $2.56.

Insider Activity at BARK

In other BARK news, Chairman Matt Meeker purchased 34,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were acquired at an average cost of $1.52 per share, for a total transaction of $51,680.00. Following the completion of the transaction, the chairman now owns 10,734,460 shares of the company’s stock, valued at approximately $16,316,379.20. The trade was a 0.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 14.80% of the stock is owned by insiders.

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.