Insider Selling: Wag! Group Co. (NASDAQ:PET) CTO Sells 13,219 Shares of Stock

Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand sold 13,219 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $1.94, for a total transaction of $25,644.86. Following the transaction, the chief technology officer now directly owns 963,853 shares of the company’s stock, valued at $1,869,874.82. The sale was disclosed in a document filed with the SEC, which is available 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 stock was sold at an average price of $2.13, for a total transaction of $32,461.20.

Wag! Group Trading Up 0.5 %

Shares of PET opened at $1.92 on Thursday. The stock has a market cap of $77.53 million, a price-to-earnings ratio of -5.49 and a beta of 2.34. The company has a debt-to-equity ratio of 15.59, a current ratio of 1.73 and a quick ratio of 1.73. Wag! Group Co. has a 1-year low of $1.59 and a 1-year high of $2.70. The firm has a 50 day simple moving average of $2.02 and a 200-day simple moving average of $1.87.

Wag! Group (NASDAQ:PET) last released its earnings results on Wednesday, February 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The firm had revenue of $21.67 million during the quarter, compared to analysts’ expectations of $20.70 million. Wag! Group had a negative return on equity of 275.90% and a negative net margin of 15.87%. Equities analysts forecast that Wag! Group Co. will post -0.14 EPS for the current fiscal year.

Institutional Trading of Wag! Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in Wag! Group by 5.0% in the 2nd quarter. Geode Capital Management LLC now owns 91,676 shares of the company’s stock worth $193,000 after acquiring an additional 4,406 shares during the period. Vanguard Group Inc. grew its stake in shares of Wag! Group by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 492,902 shares of the company’s stock valued at $863,000 after buying an additional 4,601 shares during the period. SVB Wealth LLC grew its stake in shares of Wag! Group by 7.7% during the 1st quarter. SVB Wealth LLC now owns 70,000 shares of the company’s stock valued at $157,000 after buying an additional 5,000 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in shares of Wag! Group during the 4th quarter valued at $38,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in shares of Wag! Group during the 2nd quarter valued at $28,000. 86.16% of the stock is owned by hedge funds and other institutional investors.

Wag! Group Company Profile

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.