Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand Sells 8,116 Shares

Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand sold 8,116 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $1.91, for a total value 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 $1,821,989.11. The sale was disclosed in a 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 value of $25,644.86.
• 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 value of $32,461.20.

Wag! Group Stock Up 3.1 %

Wag! Group stock opened at $1.98 on Friday. Wag! Group Co. has a twelve month low of $1.59 and a twelve month high of $2.70. The stock has a 50 day moving average of $2.02 and a two-hundred day moving average of $1.87. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 15.59. The stock has a market capitalization of $79.96 million, a price-to-earnings ratio of -5.66 and a beta of 2.34.

Wag! Group (NASDAQ:PET) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates 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. As a group, research analysts expect that Wag! Group Co. will post -0.14 earnings per share for the current year.

Institutional Trading of Wag! Group

Hedge funds have recently added to or reduced their stakes in the stock. TENOR CAPITAL MANAGEMENT Co. L.P. acquired a new stake in shares of Wag! Group in the 2nd quarter valued at approximately $28,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Wag! Group in the 4th quarter valued at approximately $38,000. Cerity Partners LLC acquired a new stake in shares of Wag! Group in the 4th quarter valued at approximately $40,000. Jane Street Group LLC acquired a new stake in shares of Wag! Group in the 3rd quarter valued at approximately $43,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Wag! Group in the 2nd quarter valued at approximately $44,000. 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.