BARK, Inc. (NYSE:BARK) CFO Zahir Ibrahim Buys 58,823 Shares

BARK, Inc. (NYSE:BARK - Get Free Report) CFO Zahir Ibrahim purchased 58,823 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average cost of $0.86 per share, with a total value of $50,587.78. Following the completion of the purchase, the chief financial officer now owns 364,378 shares of the company's stock, valued at $313,365.08. The trade was a 19.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at 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 bought at an average price of $0.90 per share, for a total transaction of $49,999.50.

BARK Price Performance

Shares of BARK stock traded down $0.01 during trading hours on Thursday, hitting $0.81. The company's stock had a trading volume of 1,033,234 shares, compared to its average volume of 917,525. The company has a market capitalization of $137.83 million, a PE ratio of -4.28 and a beta of 2.01. The stock has a 50 day moving average of $1.16 and a 200 day moving average of $1.58. BARK, Inc. has a 12 month low of $0.81 and a 12 month high of $2.56.

BARK (NYSE:BARK - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. BARK had a negative return on equity of 14.70% and a negative net margin of 6.79%. The business had revenue of $115.41 million during the quarter, compared to analysts' expectations of $126.74 million. Equities analysts expect that BARK, Inc. will post -0.09 EPS for the current year.

Institutional Investors Weigh In On BARK

Several institutional investors have recently added to or reduced their stakes in BARK. US Bancorp DE bought a new position in BARK during the 4th quarter worth about $31,000. Intech Investment Management LLC raised its position in BARK by 153.6% in the 4th quarter. Intech Investment Management LLC now owns 47,353 shares of the company's stock valued at $87,000 after buying an additional 28,682 shares during the last quarter. Brooklyn FI LLC raised its holdings in shares of BARK by 5,886.9% in the fourth quarter. Brooklyn FI LLC now owns 19,712,256 shares of the company's stock valued at $34,362,000 after purchasing an additional 19,383,002 shares during the last quarter. Virtu Financial LLC acquired a new stake in BARK in the 4th quarter valued at $82,000. Finally, American Century Companies Inc. bought a new stake in BARK during the 4th quarter worth about $49,000. 28.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BARK shares. Wall Street Zen lowered BARK from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Jefferies Financial Group cut their price target on shares of BARK from $4.00 to $3.00 and set a "buy" rating on the stock in a research report on Thursday, June 5th. Finally, Canaccord Genuity Group decreased their price objective on shares of BARK from $2.50 to $2.00 and set a "hold" rating for the company in a report on Thursday, June 5th.

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.