Wag! Group Co. (NASDAQ:PET) COO Dylan Allread Sells 9,981 Shares of Stock

Wag! Group Co. (NASDAQ:PET) COO Dylan Allread sold 9,981 shares of Wag! Group stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $2.08, for a total value of $20,760.48. Following the completion of the transaction, the chief operating officer now owns 439,555 shares in the company, valued at $914,274.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, April 17th, Dylan Allread sold 35,855 shares of Wag! Group stock. The stock was sold at an average price of $2.12, for a total value of $76,012.60.
• On Monday, April 15th, Dylan Allread sold 700 shares of Wag! Group stock. The stock was sold at an average price of $2.07, for a total value of $1,449.00.
• On Wednesday, March 20th, Dylan Allread sold 3,429 shares of Wag! Group stock. The stock was sold at an average price of $1.97, for a total value of $6,755.13.
• On Monday, March 18th, Dylan Allread sold 1,564 shares of Wag! Group stock. The stock was sold at an average price of $2.01, for a total value 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 value 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 value 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 value of $47,166.40.

Wag! Group Price Performance

Shares of PET opened at $2.11 on Friday. Wag! Group Co. has a 12-month low of $1.59 and a 12-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 stock’s 50-day moving average price is $2.07 and its 200 day moving average price is $1.88.

Wag! Group (NASDAQ:PET) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.09) earnings per share (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 firm had revenue of $21.67 million for the quarter, compared to the consensus estimate of $20.70 million. On average, analysts predict that Wag! Group Co. will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On Wag! Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. bought a new position in Wag! Group during the fourth quarter valued at about $38,000. Cerity Partners LLC acquired a new stake in Wag! Group during the fourth quarter valued at approximately $40,000. Jane Street Group LLC acquired a new stake in Wag! Group during the third quarter valued at approximately $43,000. Two Sigma Securities LLC acquired a new stake in Wag! Group during the second quarter valued at approximately $44,000. Finally, CIBC Asset Management Inc acquired a new stake in Wag! Group during the first quarter valued at approximately $47,000. 86.16% of the stock is currently 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.