Wag! Group Co. (NASDAQ:PET) CTO Sells $11,443.20 in Stock

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

Wag! Group Trading Down 1.5 %

Shares of PET stock opened at $0.30 on Friday. The stock has a 50 day moving average of $0.27 and a two-hundred day moving average of $0.54. The company has a market capitalization of $14.75 million, a P/E ratio of -0.76 and a beta of 1.07. Wag! Group Co. has a 12 month low of $0.14 and a 12 month high of $2.47.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Craig Hallum downgraded shares of Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. DA Davidson reduced their target price on Wag! Group from $6.50 to $6.00 and set a “buy” rating for the company in a report on Friday. Finally, Lake Street Capital downgraded 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4.90.

Hedge Funds Weigh In On Wag! Group

A hedge fund recently raised its stake in Wag! Group stock. Whetstone Capital Advisors LLC raised its holdings in Wag! Group Co. (NASDAQ:PET) by 156.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,222,413 shares of the company’s stock after purchasing an additional 1,354,558 shares during the quarter. Wag! Group makes up about 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th largest position. Whetstone Capital Advisors LLC owned approximately 4.55% of Wag! Group worth $1,911,000 at the end of the most recent 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.