Wag! Group Co. (NASDAQ:PET) CTO Sells $11,443.20 in Stock

Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand sold 38,144 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $0.30, for a total transaction of $11,443.20. Following the sale, the chief technology officer now owns 1,121,208 shares in the company, valued at $336,362.40. The trade was a 3.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Wag! Group Trading Down 1.5 %

Shares of NASDAQ:PET opened at $0.30 on Friday. Wag! Group Co. has a 12-month low of $0.14 and a 12-month high of $2.47. The stock’s 50-day moving average price is $0.27 and its two-hundred day moving average price is $0.54. The firm has a market cap of $14.75 million, a price-to-earnings ratio of -0.76 and a beta of 1.07.

Institutional Trading of Wag! Group

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC boosted its holdings in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,222,413 shares of the company’s stock after purchasing an additional 1,354,558 shares during the quarter. Wag! Group makes up approximately 0.9% of Whetstone Capital Advisors LLC’s holdings, making the stock its 25th largest holding. Whetstone Capital Advisors LLC owned about 4.55% of Wag! Group worth $1,911,000 as of its most recent SEC filing. 86.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PET. Lake Street Capital downgraded shares of Wag! Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Craig Hallum downgraded Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, DA Davidson lowered their target price on Wag! Group from $6.50 to $6.00 and set a “buy” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.90.

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.