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 the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $1.91, for a total transaction of $15,501.56. Following the sale, the chief technology officer now directly owns 953,921 shares in the company, valued at $1,821,989.11. The sale was disclosed in a legal filing with the SEC, 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 transaction 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 transaction of $32,461.20.

Wag! Group Price Performance

Shares of NASDAQ:PET opened at $1.98 on Friday. The company’s fifty day moving average is $2.02 and its two-hundred day moving average is $1.87. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 15.59. Wag! Group Co. has a 12-month low of $1.59 and a 12-month high of $2.70. The company has a market cap of $79.96 million, a P/E ratio of -5.66 and a beta of 2.34.

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

Hedge Funds Weigh In On Wag! Group

A number of hedge funds have recently modified their holdings of PET. Jane Street Group LLC acquired a new position in shares of Wag! Group in the third quarter worth $43,000. SVB Financial Group acquired a new position in shares of Wag! Group in the fourth quarter worth $130,000. Rockefeller Capital Management L.P. acquired a new position in shares of Wag! Group in the fourth quarter worth $38,000. Cerity Partners LLC acquired a new position in shares of Wag! Group in the first quarter worth $78,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Wag! Group in the first quarter worth $47,000. 86.16% of the stock is owned by institutional investors and hedge funds.

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.