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Satish Mehta, the Chief Technology Officer of Chewy, Inc. (NYSE:CHWY), recently sold 71,365 shares of the company’s Class A common stock. The transaction, executed on March 6, 2025, was part of a pre-arranged trading plan under Rule 10b5-1, adopted in October 2024. The shares were sold at a price of $35.60 each, totaling approximately $2.54 million. The sale comes as Chewy, now valued at nearly $13 billion, maintains a strong financial health score according to InvestingPro analysis, with the stock showing an impressive 88% return over the past year.
Following this sale, Mehta retains direct ownership of 262,853 shares in Chewy. This sale was part of a structured plan and reflects Mehta’s ongoing management of his holdings in the company. While the stock trades at a relatively high P/E ratio of 33.6, InvestingPro analysis reveals 12 additional key insights about Chewy’s valuation and growth prospects, available in the comprehensive Pro Research Report.
In other recent news, Chewy Inc . reported notable developments that have captured investor attention. Analysts from Mizuho (NYSE:MFG) and Guggenheim have reaffirmed their positive outlook on Chewy, maintaining an Outperform and Buy rating, respectively, with a price target of $42.00. Mizuho emphasized the potential growth of Chewy’s consumer-facing app, which could significantly enhance revenue as app users tend to spend more. Guggenheim highlighted Chewy’s promising adjusted EBITDA growth and anticipated a rebound in net active customer growth in the upcoming earnings report. The company also made significant strides in its advertising platform by transitioning to an in-house system, which Mizuho analysts believe could expand Chewy’s retail media revenue from 1% to 3% in the coming years.
In a strategic move, Chewy has partnered with Maev, a rapidly growing pet brand, to offer frozen raw dog food on its platform, broadening its product offerings. This partnership aims to enhance pet nutrition accessibility across the nation. Additionally, Chewy’s recent Super Bowl promotional campaign led to a substantial increase in its Instagram followers, suggesting effective marketing efforts that could boost its active customer base. These developments indicate Chewy’s ongoing efforts to strengthen its market position and enhance customer engagement through various strategic initiatives.
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