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

Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand sold 38,144 shares of Wag! Group stock in a transaction 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 transaction, the chief technology officer now owns 1,121,208 shares in the company, valued at $336,362.40. This trade represents a 3.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Wag! Group Trading Down 6.7 %

Shares of PET opened at $0.31 on Thursday. The business’s 50 day moving average is $0.27 and its 200 day moving average is $0.54. Wag! Group Co. has a 12-month low of $0.14 and a 12-month high of $2.47. The company has a market capitalization of $15.43 million, a PE ratio of -0.79 and a beta of 1.07.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PET. Craig Hallum cut Wag! Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Lake Street Capital downgraded shares of Wag! Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Wag! Group presently has an average rating of “Moderate Buy” and a consensus target price of $4.40.

Institutional Investors Weigh In On Wag! Group

An institutional investor recently raised its position in Wag! Group stock. Whetstone Capital Advisors LLC lifted its position in Wag! Group Co. (NASDAQ:PET) by 156.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 comprises about 0.9% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position. 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 and hedge funds.

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.