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 stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $0.30, for a total transaction of $11,443.20. Following the transaction, the chief technology officer now owns 1,121,208 shares of the company’s stock, valued at $336,362.40. This trade represents a 3.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Wag! Group Stock Performance

PET opened at $0.31 on Thursday. Wag! Group Co. has a one year low of $0.14 and a one year high of $2.47. The stock has a market cap of $15.43 million, a price-to-earnings ratio of -0.79 and a beta of 1.07. The stock’s 50 day moving average price is $0.27 and its 200-day moving average price is $0.54.

Institutional Trading of Wag! Group

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

Analyst Upgrades and Downgrades

PET has been the topic of several recent research reports. Craig Hallum cut shares of 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 report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Wag! Group presently has an average rating of “Moderate Buy” and an average target price of $4.40.

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.