Chewy (NYSE:CHWY – Get Free Report) CTO Satish Mehta sold 13,013 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $28.99, for a total value of $377,246.87. Following the completion of the transaction, the chief technology officer owned 273,835 shares of the company’s stock, valued at $7,938,476.65. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Satish Mehta also recently made the following trade(s):
- On Wednesday, December 3rd, Satish Mehta sold 8,872 shares of Chewy stock. The stock was sold at an average price of $33.53, for a total value of $297,478.16.
- On Tuesday, December 2nd, Satish Mehta sold 6,056 shares of Chewy stock. The shares were sold at an average price of $33.73, for a total value of $204,268.88.
Chewy Trading Down 4.6%
NYSE:CHWY traded down $1.31 during mid-day trading on Tuesday, hitting $27.08. 9,784,045 shares of the company’s stock were exchanged, compared to its average volume of 7,579,196. Chewy has a fifty-two week low of $26.34 and a fifty-two week high of $48.62. The firm has a market capitalization of $11.24 billion, a P/E ratio of 56.42, a PEG ratio of 2.93 and a beta of 1.59. The company has a 50 day simple moving average of $32.77 and a 200-day simple moving average of $35.64.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on CHWY shares. Piper Sandler reaffirmed an “overweight” rating and issued a $48.00 price objective on shares of Chewy in a research note on Tuesday, December 2nd. Barclays raised their price target on shares of Chewy from $47.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. TD Cowen reaffirmed a “buy” rating on shares of Chewy in a research note on Thursday, December 4th. Morgan Stanley increased their price objective on shares of Chewy from $48.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Wolfe Research set a $44.00 target price on shares of Chewy in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.21.
Read Our Latest Stock Analysis on CHWY
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Quent Capital LLC purchased a new position in shares of Chewy during the third quarter valued at approximately $27,000. CoreCap Advisors LLC lifted its stake in Chewy by 306.3% during the 4th quarter. CoreCap Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after acquiring an additional 637 shares in the last quarter. Osterweis Capital Management Inc. purchased a new position in Chewy during the 2nd quarter worth $30,000. Princeton Global Asset Management LLC purchased a new position in Chewy during the 3rd quarter worth $40,000. Finally, Montag A & Associates Inc. grew its stake in shares of Chewy by 58.8% in the 4th quarter. Montag A & Associates Inc. now owns 1,270 shares of the company’s stock worth $42,000 after acquiring an additional 470 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.
Chewy Company Profile
Chewy, Inc (NYSE: CHWY) is a leading e-commerce retailer specializing in pet food, supplies and services. The company offers a comprehensive assortment of products for dogs, cats, fish, birds and other small animals, including prescription medications, veterinary health products, grooming essentials and toys. Through its online platform and mobile app, Chewy provides an intuitive shopping experience with features such as Autoship, ensuring regular deliveries of pet essentials at schedule intervals.
Founded in 2011 by Ryan Cohen and Michael Day, Chewy initially operated under the name Mr.
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