Maziar Arjomand Sells 38,144 Shares of Wag! Group Co. (NASDAQ:PET) Stock

Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand sold 38,144 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $0.30, for a total value 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 $336,362.40. This represents a 3.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wag! Group Price Performance

NASDAQ PET opened at $0.30 on Friday. The business has a fifty day moving average price of $0.27 and a two-hundred day moving average price of $0.54. Wag! Group Co. has a fifty-two week low of $0.14 and a fifty-two week high of $2.47. The stock has a market capitalization of $14.97 million, a PE ratio of -0.77 and a beta of 1.07.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC grew its position in Wag! Group Co. (NASDAQ:PET) by 156.1% in the third quarter, according to its most recent filing with the SEC. The fund 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 position. Whetstone Capital Advisors LLC owned 4.55% of Wag! Group worth $1,911,000 at the end of the most recent reporting period. 86.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PET has been the topic of several research analyst reports. Lake Street Capital lowered Wag! Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Craig Hallum downgraded Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Wag! Group has a consensus 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.