Chewy Inc (NYSE:CHWY) CFO Sells $1,557,638.94 in Stock

Chewy Inc (NYSE:CHWY) CFO Mario Jesus Marte sold 32,037 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $48.62, for a total value of $1,557,638.94. Following the completion of the sale, the chief financial officer now owns 161,148 shares in the company, valued at $7,835,015.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Mario Jesus Marte also recently made the following trade(s):

  • On Wednesday, July 1st, Mario Jesus Marte sold 32,037 shares of Chewy stock. The shares were sold at an average price of $45.81, for a total value of $1,467,614.97.
  • On Wednesday, June 24th, Mario Jesus Marte sold 15,000 shares of Chewy stock. The stock was sold at an average price of $49.93, for a total value of $748,950.00.
  • On Wednesday, June 17th, Mario Jesus Marte sold 73,991 shares of Chewy stock. The shares were sold at an average price of $47.66, for a total value of $3,526,411.06.
  • On Monday, June 15th, Mario Jesus Marte sold 34,288 shares of Chewy stock. The stock was sold at an average price of $47.64, for a total value of $1,633,480.32.

CHWY stock opened at $45.96 on Monday. The company has a fifty day moving average price of $48.22 and a 200-day moving average price of $37.89. The company has a market capitalization of $18.46 billion and a P/E ratio of -67.59. Chewy Inc has a 52-week low of $20.62 and a 52-week high of $52.77.

Chewy (NYSE:CHWY) last announced its earnings results on Tuesday, June 9th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.53 billion. The firm’s revenue was up 46.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) earnings per share. As a group, sell-side analysts expect that Chewy Inc will post -0.45 earnings per share for the current year.

Several equities analysts have weighed in on CHWY shares. Bank of America raised their target price on Chewy from $47.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. UBS Group reissued a “buy” rating on shares of Chewy in a research report on Thursday, June 11th. JPMorgan Chase & Co. lifted their target price on Chewy from $43.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 10th. Credit Suisse Group lifted their price objective on Chewy from $46.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Finally, Wedbush reaffirmed a “buy” rating on shares of Chewy in a report on Wednesday, June 10th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $53.93.

Large investors have recently bought and sold shares of the business. Liberty One Investment Management LLC acquired a new stake in Chewy in the second quarter worth $27,000. Salomon & Ludwin LLC acquired a new stake in Chewy in the first quarter worth $29,000. Ameritas Investment Company LLC acquired a new stake in Chewy in the first quarter worth $29,000. PNC Financial Services Group Inc. grew its holdings in Chewy by 805.6% in the first quarter. PNC Financial Services Group Inc. now owns 815 shares of the company’s stock worth $31,000 after purchasing an additional 725 shares during the period. Finally, Valeo Financial Advisors LLC grew its holdings in Chewy by 642.4% in the second quarter. Valeo Financial Advisors LLC now owns 1,069 shares of the company’s stock worth $48,000 after purchasing an additional 925 shares during the period. Institutional investors and hedge funds own 99.42% of the company’s stock.

Chewy Company Profile

Chewy, Inc, together with its subsidiaries, engages in the pure play e-commerce business in the United States. The company provides pet food, pet products, pet medications, and other pet health products for dogs, cats, fish, birds, small pets, horses, and reptiles through its chewy.com retail Website, as well as its mobile applications.

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Insider Buying and Selling by Quarter for Chewy (NYSE:CHWY)

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