23,000 Shares in Wag! Group Co. (NASDAQ:PET) Bought by Cerity Partners LLC

Cerity Partners LLC acquired a new stake in Wag! Group Co. (NASDAQ:PET) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,000 shares of the company’s stock, valued at approximately $40,000. Cerity Partners LLC owned about 0.06% of Wag! Group at the end of the most recent reporting period.

Separately, ATW Spac Management LLC purchased a new position in shares of Wag! Group during the 3rd quarter valued at approximately $117,000. Institutional investors own 86.16% of the company’s stock.

Insider Activity at Wag! Group

In related news, CTO Maziar Arjomand sold 13,219 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $1.94, for a total transaction of $25,644.86. Following the sale, the chief technology officer now directly owns 963,853 shares of the company’s stock, valued at approximately $1,869,874.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Wag! Group news, CEO Garrett Smallwood sold 48,164 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $2.19, for a total value of $105,479.16. Following the transaction, the chief executive officer now owns 1,014,812 shares of the company’s stock, valued at $2,222,438.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Maziar Arjomand sold 13,219 shares of Wag! Group stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $1.94, for a total value of $25,644.86. Following the completion of the transaction, the chief technology officer now owns 963,853 shares of the company’s stock, valued at $1,869,874.82. The disclosure for this sale can be found here. Insiders sold a total of 307,273 shares of company stock valued at $648,969 over the last three months. 23.20% of the stock is owned by insiders.

Wag! Group Stock Down 1.5 %

PET stock opened at $2.23 on Wednesday. The company has a market capitalization of $89.96 million, a P/E ratio of -6.37 and a beta of 2.33. The firm has a 50 day simple moving average of $2.07 and a 200-day simple moving average of $1.90. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 15.59. Wag! Group Co. has a twelve month low of $1.59 and a twelve month high of $2.70.

Wag! Group (NASDAQ:PET) last released its earnings results on Wednesday, February 14th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The company 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%. On average, equities research analysts predict that Wag! Group Co. will post -0.14 earnings per share for the current fiscal year.

Wag! Group Profile

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.