BARK, Inc. (NYSE:BARK) CFO Buys $79,000.00 in Stock

BARK, Inc. (NYSE:BARK - Get Free Report) CFO Zahir Ibrahim bought 50,000 shares of BARK stock in a transaction that occurred on Wednesday, November 13th. The stock was bought at an average price of $1.58 per share, with a total value of $79,000.00. Following the completion of the acquisition, the chief financial officer now owns 250,000 shares in the company, valued at approximately $395,000. The trade was a 25.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Zahir Ibrahim also recently made the following trade(s):

• On Monday, June 9th, Zahir Ibrahim bought 55,555 shares of BARK stock. The shares were acquired at an average price of $0.90 per share, for a total transaction of $49,999.50.

BARK Stock Down 3.1%

BARK stock traded down $0.03 during mid-day trading on Friday, reaching $0.85. 418,493 shares of the company's stock were exchanged, compared to its average volume of 906,290. The firm has a market capitalization of $143.59 million, a PE ratio of -4.47 and a beta of 2.01. The business's fifty day simple moving average is $1.20 and its 200 day simple moving average is $1.62. BARK, Inc. has a one year low of $0.83 and a one year high of $2.56.

BARK (NYSE:BARK - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. BARK had a negative return on equity of 15.34% and a negative net margin of 6.47%. The firm had revenue of $115.41 million during the quarter, compared to analyst estimates of $126.74 million. On average, sell-side analysts forecast that BARK, Inc. will post -0.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of BARK

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cresset Asset Management LLC boosted its position in shares of BARK by 2.4% during the fourth quarter. Cresset Asset Management LLC now owns 223,300 shares of the company's stock valued at $411,000 after buying an additional 5,205 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in BARK by 17.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,362 shares of the company's stock worth $95,000 after purchasing an additional 7,813 shares during the period. ProShare Advisors LLC grew its stake in BARK by 46.0% during the fourth quarter. ProShare Advisors LLC now owns 36,568 shares of the company's stock valued at $67,000 after acquiring an additional 11,520 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of BARK by 24.8% in the fourth quarter. Wells Fargo & Company MN now owns 77,215 shares of the company's stock worth $142,000 after buying an additional 15,355 shares in the last quarter. Finally, US Bancorp DE bought a new position in shares of BARK during the 4th quarter valued at approximately $31,000. 28.76% of the stock is owned by hedge funds and other institutional investors.

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.