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 transaction of $11,443.20. Following the transaction, the chief technology officer now directly owns 1,121,208 shares in the company, valued at $336,362.40. The trade was a 3.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Wag! Group Stock Down 6.7 %

Shares of PET stock traded down $0.02 on Wednesday, reaching $0.31. 1,050,936 shares of the stock were exchanged, compared to its average volume of 808,166. The firm has a 50 day moving average of $0.27 and a two-hundred day moving average of $0.54. Wag! Group Co. has a 1-year low of $0.14 and a 1-year high of $2.47. The stock has a market cap of $15.43 million, a P/E ratio of -0.79 and a beta of 1.07.

Wall Street Analysts Forecast Growth

PET has been the topic of a number of recent 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $4.40.

Hedge Funds Weigh In On Wag! Group

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC boosted its holdings in Wag! Group Co. (NASDAQ:PET) by 156.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,222,413 shares of the company’s stock after buying an additional 1,354,558 shares during the period. 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 4.55% of Wag! Group worth $1,911,000 as of its most recent SEC filing. Institutional investors own 86.16% of the company’s stock.

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.