Intech Investment Management LLC Takes $30,000 Position in BARK, Inc. (NYSE:BARK)

Intech Investment Management LLC bought a new stake in BARK, Inc. (NYSE:BARK) in the third quarter, HoldingsChannel reports. The fund bought 18,671 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors have also recently bought and sold shares of BARK. Vanguard Group Inc. raised its stake in BARK by 5.0% during the first quarter. Vanguard Group Inc. now owns 6,207,032 shares of the company’s stock worth $7,697,000 after purchasing an additional 298,343 shares during the period. Renaissance Technologies LLC boosted its holdings in BARK by 68.3% in the second quarter. Renaissance Technologies LLC now owns 729,917 shares of the company’s stock valued at $1,321,000 after acquiring an additional 296,199 shares during the last quarter. Roubaix Capital LLC purchased a new stake in BARK during the third quarter valued at about $894,000. Bank of New York Mellon Corp increased its stake in BARK by 10.3% during the second quarter. Bank of New York Mellon Corp now owns 407,102 shares of the company’s stock worth $737,000 after acquiring an additional 37,980 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of BARK by 12.2% in the 2nd quarter. Rhumbline Advisers now owns 148,335 shares of the company’s stock worth $268,000 after purchasing an additional 16,185 shares during the period. 28.76% of the stock is currently owned by hedge funds and other institutional investors.

BARK Trading Up 3.7 %

NYSE:BARK opened at $2.41 on Tuesday. BARK, Inc. has a 12 month low of $0.71 and a 12 month high of $2.56. The business’s 50-day moving average is $1.67 and its two-hundred day moving average is $1.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.42 and a quick ratio of 1.49. The firm has a market capitalization of $418.35 million, a PE ratio of -13.36 and a beta of 1.91.

Insider Activity at BARK

In other BARK news, Chairman Matt Meeker purchased 34,000 shares of BARK stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average price of $1.52 per share, with a total value of $51,680.00. Following the completion of the acquisition, the chairman now owns 10,734,460 shares of the company’s stock, valued at approximately $16,316,379.20. This trade represents a 0.32 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 14.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

BARK Company 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.