Wag! Group Co. (NASDAQ:PET) CTO Sells $38,851.80 in Stock

Wag! Group Co. (NASDAQ:PETGet Free Report) CTO Maziar Arjomand sold 22,854 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $1.70, for a total transaction of $38,851.80. Following the completion of the sale, the chief technology officer now owns 1,167,928 shares in the company, valued at $1,985,477.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, April 8th, Maziar Arjomand sold 5,870 shares of Wag! Group stock. The stock was sold at an average price of $2.14, for a total transaction of $12,561.80.
  • On Friday, April 5th, Maziar Arjomand sold 4,223 shares of Wag! Group stock. The stock was sold at an average price of $2.05, for a total transaction of $8,657.15.
  • On Wednesday, April 3rd, Maziar Arjomand sold 5,166 shares of Wag! Group stock. The stock was sold at an average price of $2.03, for a total transaction of $10,486.98.
  • On Monday, April 1st, Maziar Arjomand sold 11,908 shares of Wag! Group stock. The stock was sold at an average price of $1.96, for a total transaction of $23,339.68.
  • On Wednesday, March 27th, Maziar Arjomand sold 8,116 shares of Wag! Group stock. The stock was sold at an average price of $1.91, for a total transaction of $15,501.56.
  • On Monday, March 25th, Maziar Arjomand sold 13,219 shares of Wag! Group stock. The stock was sold at an average price of $1.94, for a total transaction of $25,644.86.

Wag! Group Price Performance

Wag! Group stock opened at $1.68 on Thursday. The company has a debt-to-equity ratio of 15.59, a current ratio of 1.33 and a quick ratio of 1.33. Wag! Group Co. has a 1 year low of $1.57 and a 1 year high of $2.65. The firm has a 50-day moving average of $2.09 and a two-hundred day moving average of $1.94.

Wag! Group (NASDAQ:PETGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.03. The company had revenue of $23.22 million during the quarter, compared to analysts’ expectations of $22.60 million. Wag! Group had a negative net margin of 15.92% and a negative return on equity of 553.34%. Equities analysts anticipate that Wag! Group Co. will post -0.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Wag! Group

Large investors have recently added to or reduced their stakes in the stock. StepStone Group LP purchased a new stake in Wag! Group in the 3rd quarter valued at about $225,000. SVB Wealth LLC raised its holdings in shares of Wag! Group by 100.0% in the 4th quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock valued at $245,000 after purchasing an additional 70,000 shares in the last quarter. ATW Spac Management LLC bought a new stake in shares of Wag! Group in the 3rd quarter valued at about $117,000. Finally, Cerity Partners LLC bought a new stake in shares of Wag! Group in the 4th quarter valued at about $40,000. 86.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PET has been the subject of a number of recent analyst reports. DA Davidson dropped their price target on shares of Wag! Group from $6.00 to $3.50 and set a “buy” rating for the company in a research note on Thursday, May 16th. Chardan Capital reaffirmed a “buy” rating and set a $8.00 price target on shares of Wag! Group in a research note on Friday, May 10th.

View Our Latest Analysis on Wag! Group

About Wag! Group

(Get Free Report)

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.

Featured Articles

Insider Buying and Selling by Quarter for Wag! Group (NASDAQ:PET)

Receive News & Ratings for Wag! Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wag! Group and related companies with MarketBeat.com's FREE daily email newsletter.