BARK (NYSE:BARK) Director Henrik Werdelin Sells 50,000 Shares of Stock

by · The Cerbat Gem

BARK, Inc. (NYSE:BARK – Get Free Report) Director Henrik Werdelin sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $0.65, for a total transaction of $32,500.00. Following the transaction, the director directly owned 10,890,385 shares of the company’s stock, valued at $7,078,750.25. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

BARK Trading Down 1.8%

Shares of BARK stock traded down $0.01 during trading hours on Friday, hitting $0.66. The company’s stock had a trading volume of 495,054 shares, compared to its average volume of 998,073. The stock has a market cap of $113.97 million, a PE ratio of -3.32 and a beta of 1.89. BARK, Inc. has a 12-month low of $0.63 and a 12-month high of $2.32. The company has a 50 day moving average of $0.77 and a 200 day moving average of $0.86.

BARK (NYSE:BARK – Get Free Report) last issued its 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 return on equity of 23.45% and a negative net margin of 7.81%.The business had revenue of $106.97 million for the quarter, compared to analysts’ expectations of $103.57 million. As a group, analysts anticipate that BARK, Inc. will post -0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on BARK

Hedge Funds Weigh In On BARK

A number of large investors have recently bought and sold shares of BARK. Prescott Group Capital Management L.L.C. grew its holdings in BARK by 1,150.5% in the second quarter. Prescott Group Capital Management L.L.C. now owns 1,974,218 shares of the company’s stock valued at $1,736,000 after purchasing an additional 1,816,345 shares during the period. Nuveen LLC acquired a new position in shares of BARK during the 1st quarter worth approximately $589,000. Voya Investment Management LLC lifted its position in shares of BARK by 43.6% during the 1st quarter. Voya Investment Management LLC now owns 230,608 shares of the company’s stock valued at $321,000 after buying an additional 70,000 shares in the last quarter. State of Wyoming acquired a new stake in BARK in the 1st quarter valued at $176,000. Finally, Murchinson Ltd. purchased a new stake in BARK in the 1st quarter worth $227,000. Institutional investors and hedge funds own 28.76% of the company’s stock.

About BARK

(Get Free Report)

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.

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