Insider Selling: BARK (NYSE:BARK) Director Sells 60,000 Shares of Stock

BARK, Inc. (NYSE:BARK) Director Jim Mcginty sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $0.63, for a total transaction of $37,800.00. Following the transaction, the director owned 439,384 shares in the company, valued at $276,811.92. This represents a 12.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BARK Stock Down 1.8%

BARK traded down $0.01 during trading on Friday, reaching $0.66. The stock had a trading volume of 495,054 shares, compared to its average volume of 998,073. The firm has a market capitalization of $113.97 million, a price-to-earnings ratio of -3.32 and a beta of 1.89. BARK, Inc. has a 1-year low of $0.63 and a 1-year high of $2.32. The stock has a 50 day moving average of $0.77 and a two-hundred day moving average of $0.86.

BARK (NYSE:BARK) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). BARK had a negative net margin of 7.81% and a negative return on equity of 23.45%. The firm had revenue of $106.97 million for the quarter, compared to analyst estimates of $103.57 million. On average, research analysts forecast that BARK, Inc. will post -0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of BARK in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of BARK from a “hold” rating to a “sell” rating in a research report on Monday, October 27th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BARK presently has an average rating of “Hold” and an average price target of $2.63.

Hedge Funds Weigh In On BARK

Hedge funds and other institutional investors have recently modified their holdings of the stock. Byrne Asset Management LLC purchased a new position in BARK in the 2nd quarter worth about $30,000. Brevan Howard Capital Management LP acquired a new position in shares of BARK in the second quarter worth about $32,000. CWM LLC increased its position in shares of BARK by 100.1% in the second quarter. CWM LLC now owns 42,221 shares of the company’s stock worth $37,000 after acquiring an additional 21,118 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of BARK in the first quarter worth approximately $65,000. Finally, R Squared Ltd raised its holdings in shares of BARK by 195.5% during the second quarter. R Squared Ltd now owns 47,873 shares of the company’s stock valued at $42,000 after acquiring an additional 31,673 shares during the period. Institutional investors and hedge funds own 28.76% of the company’s stock.

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.