Wag! Group Co. (NASDAQ:PET) CTO Sells $25,644.86 in Stock

Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand sold 13,219 shares of the company’s stock in a transaction 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 owns 963,853 shares of the company’s stock, valued at $1,869,874.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 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 Up 3.1 %

Shares of NASDAQ:PET opened at $1.98 on Friday. The company has a fifty day moving average of $2.02 and a 200-day moving average of $1.87. The company has a market capitalization of $79.95 million, a PE ratio of -5.66 and a beta of 2.34. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.73 and a current ratio of 1.73. Wag! Group Co. has a 52-week low of $1.59 and a 52-week 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 the consensus estimate 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. On average, equities analysts predict that Wag! Group Co. will post -0.14 EPS for the current fiscal year.

Institutional Trading of Wag! Group

Institutional investors have recently modified their holdings of the business. StepStone Group LP bought a new stake in shares of Wag! Group in the third quarter worth $225,000. ATW Spac Management LLC bought a new stake in shares of Wag! Group in the third quarter worth $117,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in Wag! Group during the second quarter valued at $28,000. BlackRock Inc. boosted its position in Wag! Group by 3,514.3% during the second quarter. BlackRock Inc. now owns 37,878 shares of the company’s stock valued at $80,000 after acquiring an additional 36,830 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in Wag! Group during the first quarter valued at $78,000. Institutional investors own 86.16% of the company’s stock.

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.