Wag! Group Co. (NASDAQ:PET) CTO Sells $15,501.56 in Stock

Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand sold 8,116 shares of Wag! Group stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $1.91, for a total value of $15,501.56. Following the completion of the sale, the chief technology officer now owns 953,921 shares in the company, valued at approximately $1,821,989.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 25th, Maziar Arjomand sold 13,219 shares of Wag! Group stock. The shares were sold at an average price of $1.94, for a total value of $25,644.86.
• 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 value of $32,461.20.

Wag! Group Stock Up 3.1 %

PET traded up $0.06 on Thursday, hitting $1.98. 38,134 shares of the company were exchanged, compared to its average volume of 75,578. The company has a market cap of $79.95 million, a price-to-earnings ratio of -5.66 and a beta of 2.34. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 15.59. The firm has a 50-day moving average price of $2.02 and a two-hundred day moving average price of $1.87. Wag! Group Co. has a twelve month low of $1.59 and a twelve month high of $2.70.

Wag! Group (NASDAQ:PET) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). The business had revenue of $21.67 million for 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%. On average, equities analysts predict that Wag! Group Co. will post -0.14 earnings per share for the current year.

Institutional Trading of Wag! Group

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Wag! Group by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 492,902 shares of the company’s stock valued at $863,000 after purchasing an additional 4,601 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Wag! Group by 59.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 111,600 shares of the company’s stock valued at $198,000 after purchasing an additional 41,600 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of Wag! Group by 118.7% in the 4th quarter. Citadel Advisors LLC now owns 39,715 shares of the company’s stock valued at $70,000 after purchasing an additional 21,552 shares during the last quarter. SVB Wealth LLC lifted 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 during the last quarter. Finally, Cerity Partners LLC purchased 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.

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.