Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta Sells 71,365 Shares

Chewy, Inc. (NYSE:CHWY) CTO Satish Mehta sold 71,365 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $35.60, for a total transaction of $2,540,594.00. Following the completion of the sale, the chief technology officer now directly owns 262,853 shares of the company’s stock, valued at $9,357,566.80. The trade was a 21.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Satish Mehta also recently made the following trade(s):

• On Thursday, January 30th, Satish Mehta sold 83,639 shares of Chewy stock. The stock was sold at an average price of $40.00, for a total value of $3,345,560.00.
• On Monday, January 13th, Satish Mehta sold 168,105 shares of Chewy stock. The shares were sold at an average price of $36.32, for a total value of $6,105,573.60.

Chewy Trading Up 4.5 %

CHWY stock opened at $33.26 on Wednesday. The firm has a 50 day moving average of $36.71 and a 200-day moving average of $32.74. The firm has a market capitalization of $13.54 billion, a P/E ratio of 36.55, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. Chewy, Inc. has a 12 month low of $14.69 and a 12 month high of $40.09.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Chewy from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Barclays increased their price target on shares of Chewy from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Wedbush reaffirmed an “outperform” rating and issued a $39.00 price objective (up previously from $35.00) on shares of Chewy in a research report on Thursday, December 5th. Needham & Company LLC reiterated a “hold” rating on shares of Chewy in a research note on Thursday, December 5th. Finally, Piper Sandler raised their price target on shares of Chewy from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Chewy has an average rating of “Moderate Buy” and a consensus price target of $37.30.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Integrated Advisors Network LLC purchased a new position in Chewy during the fourth quarter worth about $235,000. Polar Asset Management Partners Inc. lifted its position in Chewy by 26.5% in the 4th quarter. Polar Asset Management Partners Inc. now owns 288,733 shares of the company’s stock worth $9,670,000 after buying an additional 60,533 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Chewy in the fourth quarter worth approximately $318,000. Gordian Capital Singapore Pte Ltd bought a new position in Chewy during the fourth quarter valued at approximately $67,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Chewy by 22.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 291,837 shares of the company’s stock worth $9,774,000 after acquiring an additional 54,381 shares in the last quarter. 93.09% of the stock is owned by institutional investors.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications.