Insider Sale: Chewy, Inc. (NYSE: CHWY) CEO Sells 11,748 Shares

Chewy, Inc. (NYSE:CHWY – Get Rating) CEO Sumit Singh sold 11,748 shares of the company in a trade on Thursday, August 25. The stock was sold at an average price of $40.46, for a total value of $475,324.08. Following completion of the transaction, the CEO now directly owns 47,613 shares of the company, valued at $1,926,421.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink.

Sumit Singh also recently made the following trade(s):

  • On Monday August 15, Sumit Singh sold 217,986 shares of Chewy. The shares were sold at an average price of $49.29, for a total value of $10,744,529.94.
  • On Tuesday, June 14, Sumit Singh sold 155,250 shares of Chewy. The shares were sold at an average price of $27.18, for a total value of $4,219,695.00.

Performance of soft stocks

Shares of NYSE:CHWY traded down $0.09 during Monday’s trading, hitting $38.01. The company’s stock had a trading volume of 3,395,562 shares, compared to its average trading volume of 5,270,462. Chewy, Inc. has a fifty-two-week low of $22.22 and a fifty-two-week high. two weeks from $91.35. The stock’s 50-day moving average price is $41.39 and its two-hundred-day moving average price is $38.26. The company has a market capitalization of $15.98 billion, a PE ratio of -165.61 and a beta of 0.39.

Chewy (NYSE:CHWY – Get Rating) last reported quarterly earnings data on Wednesday, June 1. The company reported earnings per share (EPS) of $0.04 for the quarter, beating the consensus estimate of ($0.12) by $0.16. Chewy had a negative return on equity of 175.48% and a negative net margin of 1.02%. The company posted revenue of $2.43 billion for the quarter, versus $2.41 billion expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.09. Chewy’s revenue for the quarter increased 13.7% from the same quarter last year. On average, stock analysts predict Chewy, Inc. will post -0.35 earnings per share for the current fiscal year.

Chewy Institutional Trading

A number of institutional investors and hedge funds have recently changed their positions in the stock. Panagora Asset Management Inc. increased its position in Chewy shares by 1.1% during the fourth quarter. Panagora Asset Management Inc. now owns 17,137 shares of the company worth $1,011,000 after purchasing an additional 189 shares during the period. Clearstead Advisors LLC increased its stake in Chewy by 27.2% in the second quarter. Clearstead Advisors LLC now owns 1,103 shares of the company worth $38,000 after buying 236 additional shares in the last quarter. OLD National Bancorp IN increased its holdings in Chewy by 1.8% in Q2. OLD National Bancorp IN now owns 15,517 shares of the company worth $539,000 after purchasing an additional 272 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Chewy by 3.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 9,914 shares of the company worth $585,000 after buying 289 additional shares last quarter. Finally, Cetera Advisor Networks LLC increased its stake in Chewy by 3.6% in the second quarter. Cetera Advisor Networks LLC now owns 8,804 shares of the company worth $306,000 after purchasing 305 additional shares in the last quarter.

Analyst upgrades and downgrades

Several equity analysts have recently commented on CHWY shares. Morgan Stanley lowered its target price on Chewy from $62.00 to $42.00 and set an “equal weight” rating for the company in a Friday, June 3 research note. Evercore ISI raised its price target on Chewy to $58.00 in a Friday, June 3 research report. Goldman Sachs Group lowered its price target on Chewy from $59.00 to $38.00 and set a “neutral” rating for the company in a Monday, June 6 research report. Wolfe Research raised its price target on Chewy from $32.00 to $38.00 and gave the company an “outperform” rating in a Thursday, June 2 research report. Finally, Wedbush downgraded Chewy from an “outperforming” rating to a “neutral” rating and raised its price target for the company from $35.00 to $44.00 in a Tuesday, July 26 research report. Eight equity research analysts gave the stock a hold rating and nine gave the company a buy rating. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $52.61.

About Chewy

(Get a rating)

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

See also

Insider buying and selling by quarter for Chewy (NYSE:CHWY)

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