Maziar Arjomand Sells 13,219 Shares of Wag! Group Co. (NASDAQ:PET) Stock

Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand sold 13,219 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $1.94, for a total transaction of $25,644.86. Following the transaction, the chief technology officer now owns 963,853 shares in the company, valued at approximately $1,869,874.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Maziar Arjomand also recently made the following trade(s):

• On Tuesday, February 20th, Maziar Arjomand sold 15,240 shares of Wag! Group stock. The shares were sold at an average price of $2.13, for a total transaction of $32,461.20.

Wag! Group Stock Performance

PET opened at $1.92 on Thursday. Wag! Group Co. has a 52-week low of $1.59 and a 52-week high of $2.70. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 15.59. The company has a market cap of $77.53 million, a P/E ratio of -5.49 and a beta of 2.34. The firm’s 50-day moving average price is $2.02 and its 200-day moving average price is $1.87.

Wag! Group (NASDAQ:PET) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). Wag! Group had a negative return on equity of 275.90% and a negative net margin of 15.87%. The business had revenue of $21.67 million during the quarter, compared to analyst estimates of $20.70 million. As a group, equities analysts anticipate that Wag! Group Co. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Wag! Group

Several hedge funds and other institutional investors have recently bought and sold shares of PET. Jane Street Group LLC acquired a new position in Wag! Group in the 3rd quarter worth approximately $43,000. SVB Financial Group acquired a new stake in shares of Wag! Group during the 4th quarter worth approximately $130,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Wag! Group during the 4th quarter worth approximately $38,000. Cerity Partners LLC acquired a new stake in shares of Wag! Group during the 1st quarter worth approximately $78,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Wag! Group during the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 86.16% of the company’s stock.

About Wag! Group

Wag! Group Co develops and supports a proprietary marketplace technology platform available as a website and mobile app that enables independent pet caregivers to connect with pet parents. Its platform allows pet parents, who require specific pet care services, such as dog walking, pet sitting and boarding, advice from licensed pet experts, home visits, training, and pet insurance comparison tools.