Wag! Group Co. (NASDAQ:PET) COO Sells $76,012.60 in Stock

Wag! Group Co. (NASDAQ:PET) COO Dylan Allread sold 35,855 shares of Wag! Group stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $2.12, for a total transaction of $76,012.60. Following the sale, the chief operating officer now directly owns 439,555 shares in the company, valued at $931,856.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $1.67, for a total transaction of $44,594.01.

Wag! Group Stock Up 2.4 %

NASDAQ:PET opened at $2.12 on Thursday. The firm’s 50 day simple moving average is $2.06 and its 200 day simple moving average is $1.88. The company has a debt-to-equity ratio of 15.59, a current ratio of 1.73 and a quick ratio of 1.73. Wag! Group Co. has a one year low of $1.59 and a one year high of $2.70. The company has a market cap of $85.53 million, a PE ratio of -6.06 and a beta of 2.33.

Wag! Group (NASDAQ:PET) last posted its 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 return on equity of 275.90% and a negative net margin of 15.87%. The business had revenue of $21.67 million for the quarter, compared to analyst estimates of $20.70 million. On average, research analysts anticipate that Wag! Group Co. will post -0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Wag! Group by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 492,902 shares of the company’s stock worth $863,000 after purchasing an additional 4,601 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of Wag! Group by 59.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 111,600 shares of the company’s stock worth $198,000 after purchasing an additional 41,600 shares during the period. Citadel Advisors LLC lifted its position in shares of Wag! Group by 118.7% in the 4th quarter. Citadel Advisors LLC now owns 39,715 shares of the company’s stock worth $70,000 after purchasing an additional 21,552 shares during the period. SVB Wealth LLC lifted its position in shares of Wag! Group by 100.0% in the 4th quarter. SVB Wealth LLC now owns 140,000 shares of the company’s stock worth $245,000 after purchasing an additional 70,000 shares during the period. Finally, Cerity Partners LLC acquired a new position in shares of Wag! Group in the 4th quarter worth approximately $40,000. Institutional investors and hedge funds 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.