Geode Capital Management LLC Increases Position in BARK, Inc. (NYSE:BARK)

Geode Capital Management LLC boosted its position in BARK, Inc. (NYSE:BARK) by 7.0% in the third quarter, HoldingsChannel.com reports. The firm owned 2,831,583 shares of the company’s stock after acquiring an additional 186,427 shares during the period. Geode Capital Management LLC’s holdings in BARK were worth $4,616,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in BARK by 7.1% in the third quarter. State Street Corp now owns 2,398,571 shares of the company’s stock valued at $3,910,000 after acquiring an additional 158,347 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in BARK by 9.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,004,911 shares of the company’s stock worth $1,638,000 after buying an additional 84,749 shares during the last quarter. Renaissance Technologies LLC increased its position in BARK by 68.3% during the 2nd quarter. Renaissance Technologies LLC now owns 729,917 shares of the company’s stock valued at $1,321,000 after buying an additional 296,199 shares in the last quarter. Roubaix Capital LLC purchased a new stake in BARK in the third quarter valued at about $894,000. Finally, Bank of New York Mellon Corp boosted its holdings in BARK by 10.3% in 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 in the last quarter. 28.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Canaccord Genuity Group increased their price objective on shares of BARK from $2.00 to $2.50 and gave the company a “hold” rating in a research report on Monday, December 2nd. Citigroup lifted their price objective on shares of BARK from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Friday.

Insider Activity

In related news, Chairman Matt Meeker acquired 34,000 shares of BARK stock in a transaction on Monday, November 11th. The stock was acquired at an average price of $1.52 per share, for a total transaction of $51,680.00. Following the purchase, the chairman now owns 10,734,460 shares of the company’s stock, valued at approximately $16,316,379.20. This represents a 0.32 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 14.80% of the company’s stock.

BARK Trading Up 4.2 %

BARK stock opened at $1.97 on Monday. BARK, Inc. has a 52 week low of $0.74 and a 52 week high of $2.56. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $342.69 million, a price-to-earnings ratio of -10.94 and a beta of 1.92. The stock has a 50-day moving average price of $1.85 and a 200 day moving average price of $1.69.

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.