Insider Selling: Wag! Group Co. (NASDAQ:PET) COO Sells 35,855 Shares of Stock

Posted by Defense World Staff on Apr 19th, 2024

Wag! Group Co. (NASDAQ:PET – Get Free Report) COO Dylan Allread sold 35,855 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $2.12, for a total value of $76,012.60. Following the completion of the transaction, the chief operating officer now directly owns 439,555 shares in the company, valued at approximately $931,856.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dylan Allread also recently made the following trade(s):

On Monday, April 15th, Dylan Allread sold 700 shares of Wag! Group stock. The shares were sold at an average price of $2.07, for a total transaction of $1,449.00.
On Wednesday, March 20th, Dylan Allread sold 3,429 shares of Wag! Group stock. The shares were sold at an average price of $1.97, for a total transaction of $6,755.13.
On Monday, March 18th, Dylan Allread sold 1,564 shares of Wag! Group stock. The shares were sold at an average price of $2.01, for a total transaction of $3,143.64.
On Thursday, March 14th, Dylan Allread sold 4,887 shares of Wag! Group stock. The shares were sold at an average price of $2.03, for a total transaction of $9,920.61.
On Tuesday, February 20th, Dylan Allread sold 9,195 shares of Wag! Group stock. The shares were sold at an average price of $2.13, for a total transaction of $19,585.35.
On Wednesday, February 14th, Dylan Allread sold 23,008 shares of Wag! Group stock. The shares were sold at an average price of $2.05, for a total transaction of $47,166.40.
On Thursday, January 18th, Dylan Allread sold 26,703 shares of Wag! Group stock. The shares were sold at an average price of $1.67, for a total transaction of $44,594.01.

Wag! Group Trading Down 1.9 %

Wag! Group stock opened at $2.08 on Friday. The company’s fifty day simple moving average is $2.07 and its 200-day simple moving average is $1.88. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 15.59. Wag! Group Co. has a 12 month low of $1.59 and a 12 month high of $2.70. The stock has a market cap of $83.91 million, a P/E ratio of -5.94 and a beta of 2.33.

Wag! Group (NASDAQ:PET – Get Free Report) last posted 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). Wag! Group had a negative net margin of 15.87% and a negative return on equity of 275.90%. The company had revenue of $21.67 million for the quarter, compared to analysts’ expectations of $20.70 million. As a group, sell-side analysts forecast that Wag! Group Co. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Wag! Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. bought a new stake in Wag! Group in the fourth quarter worth $38,000. Cerity Partners LLC bought a new stake in Wag! Group in the fourth quarter worth $40,000. Jane Street Group LLC bought a new stake in Wag! Group in the third quarter worth $43,000. Two Sigma Securities LLC bought a new stake in Wag! Group in the second quarter worth $44,000. Finally, CIBC Asset Management Inc bought a new stake in Wag! Group in the first quarter worth $47,000. 86.16% of the stock is currently owned by hedge funds and other institutional investors.

Wag! Group Company Profile

(Get Free Report)

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.