Wag! Group Co. (NASDAQ:PET – Get Free Report) CTO Maziar Arjomand sold 22,854 shares of Wag! Group stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $1.70, for a total transaction of $38,851.80. Following the completion of the transaction, the chief technology officer now directly owns 1,167,928 shares in the company, valued at approximately $1,985,477.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Maziar Arjomand also recently made the following trade(s):
- On Monday, April 8th, Maziar Arjomand sold 5,870 shares of Wag! Group stock. The stock was sold at an average price of $2.14, for a total transaction of $12,561.80.
- On Friday, April 5th, Maziar Arjomand sold 4,223 shares of Wag! Group stock. The stock was sold at an average price of $2.05, for a total value of $8,657.15.
- On Wednesday, April 3rd, Maziar Arjomand sold 5,166 shares of Wag! Group stock. The shares were sold at an average price of $2.03, for a total value of $10,486.98.
- On Monday, April 1st, Maziar Arjomand sold 11,908 shares of Wag! Group stock. The stock was sold at an average price of $1.96, for a total value of $23,339.68.
- On Wednesday, March 27th, Maziar Arjomand sold 8,116 shares of Wag! Group stock. The shares were sold at an average price of $1.91, for a total transaction of $15,501.56.
- On Monday, March 25th, Maziar Arjomand sold 13,219 shares of Wag! Group stock. The stock was sold at an average price of $1.94, for a total transaction of $25,644.86.
Wag! Group Stock Performance
PET opened at $1.62 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 15.59. Wag! Group Co. has a 12-month low of $1.57 and a 12-month high of $2.65. The firm has a 50 day moving average of $2.08 and a two-hundred day moving average of $1.94. The firm has a market capitalization of $65.80 million, a PE ratio of -4.50 and a beta of 2.01.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on PET shares. DA Davidson lowered their price objective on shares of Wag! Group from $6.00 to $3.50 and set a “buy” rating for the company in a research note on Thursday, May 16th. Chardan Capital reaffirmed a “buy” rating and set a $8.00 price target on shares of Wag! Group in a research report on Friday, May 10th.
Check Out Our Latest Stock Report on Wag! Group
Hedge Funds Weigh In On Wag! Group
Several institutional investors and hedge funds have recently modified their holdings of the stock. Cerity Partners LLC acquired a new stake in Wag! Group during the fourth quarter valued at $40,000. ATW Spac Management LLC purchased a new stake in shares of Wag! Group during the 3rd quarter worth about $117,000. StepStone Group LP acquired a new stake in shares of Wag! Group during the 3rd quarter valued at about $225,000. Finally, SVB Wealth LLC increased its stake in shares of Wag! Group by 100.0% in the 4th quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock valued at $245,000 after purchasing an additional 70,000 shares in the last quarter. 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.
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