Chewy, Inc. (NYSE:CHWY) CEO Sells $104,485.84 in Stock

Chewy, Inc. (NYSE:CHWY) CEO Sumit Singh sold 6,728 shares of Chewy stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $15.53, for a total value of $104,485.84. Following the sale, the chief executive officer now owns 129,991 shares in the company, valued at approximately $2,018,760.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sumit Singh also recently made the following trade(s):

• On Monday, March 4th, Sumit Singh sold 527 shares of Chewy stock. The stock was sold at an average price of $17.79, for a total value of $9,375.33.
• On Friday, February 2nd, Sumit Singh sold 192,642 shares of Chewy stock. The stock was sold at an average price of $17.70, for a total value of $3,409,763.40.

Chewy Price Performance

Shares of Chewy stock opened at $17.05 on Friday. The business has a 50 day moving average price of $16.99 and a 200 day moving average price of $18.77. The company has a market capitalization of $7.42 billion, a P/E ratio of 213.13, a P/E/G ratio of 8.53 and a beta of 0.90. Chewy, Inc. has a 1 year low of $15.08 and a 1 year high of $40.78.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CHWY shares. Wedbush reissued an “outperform” rating and set a $25.00 price target on shares of Chewy in a report on Thursday, March 21st. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of Chewy in a report on Thursday, March 21st. Piper Sandler lowered their price objective on Chewy from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. The Goldman Sachs Group lowered their price objective on Chewy from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Chewy from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.64.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UniSuper Management Pty Ltd acquired a new position in Chewy in the 2nd quarter valued at $28,000. Quarry LP raised its holdings in Chewy by 120.2% in the 1st quarter. Quarry LP now owns 874 shares of the company’s stock valued at $33,000 after acquiring an additional 477 shares during the last quarter. Headinvest LLC acquired a new position in Chewy in the 3rd quarter valued at $39,000. Ossiam raised its holdings in Chewy by 104.1% in the 1st quarter. Ossiam now owns 2,263 shares of the company’s stock valued at $85,000 after acquiring an additional 1,154 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in Chewy by 47.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,589 shares of the company’s stock valued at $90,000 after acquiring an additional 835 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.

About Chewy

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail website www.chewy.com, as well as mobile applications.