Maziar Arjomand Sells 5,870 Shares of Wag! Group Co. (NASDAQ:PET) Stock

Wag! Group Co. (NASDAQ:PET) CTO Maziar Arjomand sold 5,870 shares of Wag! Group stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $2.14, for a total value of $12,561.80. Following the sale, the chief technology officer now owns 911,651 shares of the company’s stock, valued at $1,950,933.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Maziar Arjomand also recently made the following trade(s):

• On Friday, April 5th, Maziar Arjomand sold 4,223 shares of Wag! Group stock. The stock was sold at an average price of $2.05, for a total value of $8,657.15.
• On Wednesday, April 3rd, Maziar Arjomand sold 5,166 shares of Wag! Group stock. The stock was sold at an average price of $2.03, for a total value of $10,486.98.
• On Monday, April 1st, Maziar Arjomand sold 11,908 shares of Wag! Group stock. The stock was sold at an average price of $1.96, for a total value of $23,339.68.
• On Wednesday, March 27th, Maziar Arjomand sold 8,116 shares of Wag! Group stock. The stock was sold at an average price of $1.91, for a total value of $15,501.56.
• On Monday, March 25th, Maziar Arjomand sold 13,219 shares of Wag! Group stock. The stock was sold at an average price of $1.94, for a total value of $25,644.86.
• On Tuesday, February 20th, Maziar Arjomand sold 15,240 shares of Wag! Group stock. The stock was sold at an average price of $2.13, for a total value of $32,461.20.

Wag! Group Price Performance

PET opened at $2.10 on Thursday. The business has a 50 day moving average price of $2.04 and a 200 day moving average price of $1.87. Wag! Group Co. has a twelve month low of $1.59 and a twelve month high of $2.70. The company has a debt-to-equity ratio of 15.59, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market cap of $84.84 million, a P/E ratio of -6.00 and a beta of 2.33.

Wag! Group (NASDAQ:PET) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The business had revenue of $21.67 million during the quarter, compared to the consensus estimate of $20.70 million. Wag! Group had a negative return on equity of 275.90% and a negative net margin of 15.87%. Research analysts forecast that Wag! Group Co. will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. bought a new position in Wag! Group in the 4th quarter worth approximately $38,000. Cerity Partners LLC bought a new position in Wag! Group in the 4th quarter worth approximately $40,000. Jane Street Group LLC bought a new stake in shares of Wag! Group during the third quarter valued at approximately $43,000. Two Sigma Securities LLC bought a new stake in shares of Wag! Group during the second quarter valued at approximately $44,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Wag! Group during the first quarter valued at approximately $47,000. 86.16% of the stock is owned by institutional investors.

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.