Insider Selling: Wag! Group Co. (NASDAQ:PET) CTO Sells 8,116 Shares of 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 transaction of $15,501.56. Following the completion of the sale, the chief technology officer now directly owns 953,921 shares of the company’s stock, valued at approximately $1,821,989.11. The transaction was disclosed in a document filed with the SEC, which is available at 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 Stock Up 3.1 %

PET traded up $0.06 during mid-day trading on Thursday, reaching $1.98. 38,134 shares of the stock were exchanged, compared to its average volume of 75,578. The stock has a market capitalization of $79.95 million, a PE ratio of -5.66 and a beta of 2.34. Wag! Group Co. has a 1 year low of $1.59 and a 1 year 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 50 day moving average price of $2.02 and a two-hundred day moving average price of $1.87.

Wag! Group (NASDAQ:PET) last announced its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $20.70 million. As a group, research analysts anticipate that Wag! Group Co. will post -0.14 EPS for the current year.

Institutional Trading of Wag! Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new stake in Wag! Group in the second quarter worth $28,000. Rockefeller Capital Management L.P. purchased a new position in Wag! Group during the fourth quarter valued at $38,000. Cerity Partners LLC purchased a new position in Wag! Group during the fourth quarter valued at $40,000. Jane Street Group LLC purchased a new position in Wag! Group during the third quarter valued at $43,000. Finally, Two Sigma Securities LLC purchased a new position in Wag! Group during the second quarter valued at $44,000. Hedge funds and other institutional investors 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.