Insider Selling: Wag! Group Co. (NASDAQ:PET) COO Sells 9,981 Shares of Stock

Wag! Group Co. (NASDAQ:PET) COO Dylan Allread sold 9,981 shares of Wag! Group stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $2.08, for a total value of $20,760.48. Following the sale, the chief operating officer now owns 439,555 shares in the company, valued at approximately $914,274.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dylan Allread also recently made the following trade(s):

• On Wednesday, April 17th, Dylan Allread sold 35,855 shares of Wag! Group stock. The stock was sold at an average price of $2.12, for a total value of $76,012.60.
• On Monday, April 15th, Dylan Allread sold 700 shares of Wag! Group stock. The shares were sold at an average price of $2.07, for a total value of $1,449.00.
• On Wednesday, March 20th, Dylan Allread sold 3,429 shares of Wag! Group stock. The stock was sold at an average price of $1.97, for a total transaction of $6,755.13.
• On Monday, March 18th, Dylan Allread sold 1,564 shares of Wag! Group stock. The shares were sold at an average price of $2.01, for a total transaction of $3,143.64.
• On Thursday, March 14th, Dylan Allread sold 4,887 shares of Wag! Group stock. The stock was sold at an average price of $2.03, for a total transaction of $9,920.61.
• On Tuesday, February 20th, Dylan Allread sold 9,195 shares of Wag! Group stock. The shares were sold at an average price of $2.13, for a total value of $19,585.35.
• On Wednesday, February 14th, Dylan Allread sold 23,008 shares of Wag! Group stock. The shares were sold at an average price of $2.05, for a total value of $47,166.40.

Wag! Group Stock Performance

Shares of NASDAQ PET traded up $0.03 during mid-day trading on Friday, hitting $2.11. 39,534 shares of the company were exchanged, compared to its average volume of 68,250. The stock has a 50 day simple moving average of $2.07 and a 200-day simple moving average of $1.88. Wag! Group Co. has a 1-year low of $1.59 and a 1-year high of $2.70. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 15.59. The firm has a market cap of $85.12 million, a price-to-earnings ratio of -5.94 and a beta of 2.33.

Wag! Group (NASDAQ:PET) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). The firm 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, sell-side analysts forecast that Wag! Group Co. will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Wag! Group

A number of hedge funds have recently added to or reduced their stakes in PET. Vanguard Group Inc. raised its stake in shares of Wag! Group by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 492,902 shares of the company’s stock worth $863,000 after buying an additional 4,601 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in Wag! Group by 59.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 111,600 shares of the company’s stock worth $198,000 after acquiring an additional 41,600 shares during the period. Citadel Advisors LLC grew its holdings in Wag! Group by 118.7% during the fourth quarter. Citadel Advisors LLC now owns 39,715 shares of the company’s stock worth $70,000 after acquiring an additional 21,552 shares during the period. SVB Wealth LLC raised its position in Wag! Group by 100.0% in the fourth quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock worth $245,000 after acquiring an additional 70,000 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in Wag! Group in the fourth quarter valued at $40,000. 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.