Insider Selling: Wag! Group Co. (NASDAQ:PET) CTO Sells 38,144 Shares of Stock

Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand sold 38,144 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $0.30, for a total value of $11,443.20. Following the transaction, the chief technology officer now directly owns 1,121,208 shares of the company’s stock, valued at approximately $336,362.40. This represents a 3.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wag! Group Trading Down 4.3 %

Shares of Wag! Group stock opened at $0.30 on Friday. The business has a 50-day moving average price of $0.27 and a two-hundred day moving average price of $0.54. Wag! Group Co. has a 1-year low of $0.14 and a 1-year high of $2.47. The company has a market cap of $14.97 million, a P/E ratio of -0.77 and a beta of 1.07.

Institutional Trading of Wag! Group

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC grew its holdings in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,222,413 shares of the company’s stock after acquiring an additional 1,354,558 shares during the period. Wag! Group accounts for approximately 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Whetstone Capital Advisors LLC owned approximately 4.55% of Wag! Group worth $1,911,000 at the end of the most recent quarter. 86.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on PET shares. Craig Hallum lowered Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Lake Street Capital lowered Wag! Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.40.

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.