Insider Selling: Wag! Group Co. (NASDAQ:PET) CTO Sells 5,870 Shares of Stock

Wag! Group Co. (NASDAQ:PET - Get Free Report) CTO Maziar Arjomand sold 5,870 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $2.14, for a total transaction of $12,561.80. Following the completion of the sale, the chief technology officer now directly owns 911,651 shares of the company's stock, valued at approximately $1,950,933.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, April 5th, Maziar Arjomand sold 4,223 shares of Wag! Group stock. The shares were 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 shares were 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.
• 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 Stock Down 2.8 %

Shares of PET stock traded down $0.06 during mid-day trading on Tuesday, reaching $2.10. 107,273 shares of the company were exchanged, compared to its average volume of 73,072. Wag! Group Co. has a fifty-two week low of $1.59 and a fifty-two week high of $2.70. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $84.84 million, a P/E ratio of -6.00 and a beta of 2.33. The business's 50 day simple moving average is $2.04 and its 200 day simple moving average is $1.87.

Wag! Group (NASDAQ:PET - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $21.67 million for the quarter, compared to analyst estimates of $20.70 million. Research analysts predict that Wag! Group Co. will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On Wag! Group

Hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. acquired a new position in Wag! Group in the fourth quarter worth $38,000. Cerity Partners LLC acquired a new position in Wag! Group in the fourth quarter worth $40,000. Jane Street Group LLC acquired a new position in Wag! Group in the third quarter worth $43,000. Two Sigma Securities LLC bought a new stake in Wag! Group in the second quarter valued at $44,000. Finally, CIBC Asset Management Inc bought a new stake in Wag! Group in the first quarter valued at $47,000. Institutional investors and hedge funds own 86.16% of the company's stock.

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.