Whetstone Capital Advisors LLC Has $1.91 Million Stake in Wag! Group Co. (NASDAQ:PET)

Whetstone Capital Advisors LLC grew its holdings in shares of Wag! Group Co. (NASDAQ:PET) by 156.1% during the third quarter, HoldingsChannel.com reports. The firm owned 2,222,413 shares of the company’s stock after acquiring an additional 1,354,558 shares during the quarter. Wag! Group makes up about 0.9% of Whetstone Capital Advisors LLC’s holdings, making the stock its 25th biggest holding. Whetstone Capital Advisors LLC’s holdings in Wag! Group were worth $1,911,000 as of its most recent SEC filing.

Separately, Cowen AND Company LLC acquired a new position in Wag! Group in the second quarter valued at about $72,000. Institutional investors and hedge funds own 86.16% of the company’s stock.

Wag! Group Stock Performance

Shares of Wag! Group stock opened at $0.20 on Monday. The stock’s 50-day moving average is $0.70 and its 200 day moving average is $1.11. Wag! Group Co. has a one year low of $0.14 and a one year high of $2.47.

Insider Activity

In other Wag! Group news, CMO Patrick Mccarthy sold 46,544 shares of Wag! Group stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $0.72, for a total transaction of $33,511.68. Following the transaction, the chief marketing officer now owns 722,605 shares of the company’s stock, valued at $520,275.60. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Alec Davidian sold 36,204 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $0.72, for a total value of $26,066.88. Following the completion of the transaction, the chief financial officer now directly owns 839,400 shares of the company’s stock, valued at approximately $604,368. This represents a 4.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 317,504 shares of company stock worth $163,636. Company insiders own 23.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PET. Lake Street Capital lowered Wag! Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Craig Hallum cut Wag! Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Oppenheimer cut their price objective on Wag! Group from $6.00 to $3.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $4.40.

Wag! Group Company 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.