Chewy falls 5% as investors stay cautious ahead of late-March earnings after recent leadership and insider-selling headlines

Chewy, Inc. (CHWY) is down 5.0% today. Here is some analysis on what might have caused this price movement.

Analysis: There does not appear to be a single new company-specific headline today, so the drop looks more like a continuation of cautious sentiment ahead of Chewy’s next earnings report. Recent executive updates and earlier insider-sale disclosures may also be weighing on risk appetite, particularly after a weak stretch for the stock.

Details:

Chewy scheduled its fiscal Q4 and full-year 2025 results for Wednesday, March 25, 2026, before the market opens, which can increase positioning-related volatility into the print.

Chewy appointed Chris Deppe as Chief Financial Officer and principal financial officer effective February 23, 2026, ending an interim finance leadership period.

A recent Form 4 showed sales by an executive (including a transaction dated February 2, 2026), which can add to “supply” concerns even when done under pre-arranged plans.

This could also be because investors are reassessing valuation and near-term growth expectations after a broader multi-week drawdown in the shares.

Sources:

Chewy Investor Relations, U.S. SEC, Trefis

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CHWY Insider Trading Activity

$CHWY insiders have traded $CHWY stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.

Here’s a breakdown of recent trading of $CHWY stock by insiders over the last 6 months:

HOLDINGS GP LLC ARGOS sold 13,280,212 shares for an estimated $499,999,981
SATISH MEHTA (Chief Technology Officer) has made 0 purchases and 6 sales selling 82,636 shares for an estimated $2,760,436.
SUMIT SINGH (Chief Executive Officer) has made 0 purchases and 4 sales selling 60,006 shares for an estimated $2,005,385.
CHRISTOPHER S. DEPPE (Chief Financial Officer) sold 3,043 shares for an estimated $81,765
WILLIAM G. BILLINGS (Chief Accounting Officer) sold 1,121 shares for an estimated $36,676

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$CHWY Hedge Fund Activity

We have seen 289 institutional investors add shares of $CHWY stock to their portfolio, and 375 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BC PARTNERS PE LP removed 13,280,212 shares (-7.0%) from their portfolio in Q4 2025, for an estimated $438,911,006
WELLINGTON MANAGEMENT GROUP LLP removed 12,033,462 shares (-68.3%) from their portfolio in Q4 2025, for an estimated $397,705,919
VIKING GLOBAL INVESTORS LP added 8,052,955 shares (+146.9%) to their portfolio in Q4 2025, for an estimated $266,150,162
BAILLIE GIFFORD & CO removed 5,517,323 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $182,347,525
NORGES BANK added 4,679,171 shares (+inf%) to their portfolio in Q4 2025, for an estimated $154,646,601
CANADA PENSION PLAN INVESTMENT BOARD added 3,938,806 shares (+854.8%) to their portfolio in Q4 2025, for an estimated $130,177,538
CITADEL ADVISORS LLC added 2,906,921 shares (+105.0%) to their portfolio in Q4 2025, for an estimated $96,073,739

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$CHWY Analyst Ratings

Wall Street analysts have issued reports on $CHWY in the last several months. We have seen 13 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 11/24/2025
Mizuho issued a "Outperform" rating on 11/04/2025
MoffettNathanson issued a "Buy" rating on 09/25/2025
Seaport Global issued a "Buy" rating on 09/11/2025
Deutsche Bank issued a "Buy" rating on 09/11/2025
JP Morgan issued a "Overweight" rating on 09/11/2025
TD Cowen issued a "Buy" rating on 09/11/2025

To track analyst ratings and price targets for $CHWY, check out Quiver Quantitative's $CHWY forecast page.

$CHWY Price Targets

Multiple analysts have issued price targets for $CHWY recently. We have seen 16 analysts offer price targets for $CHWY in the last 6 months, with a median target of $47.5.

Here are some recent targets:

Rick Patel from Raymond James set a target price of $28.0 on 02/19/2026
Lauren Schenk from Morgan Stanley set a target price of $51.0 on 01/13/2026
Trevor Young from Barclays set a target price of $52.0 on 12/11/2025
Alexandra Steiger from Goldman Sachs set a target price of $52.0 on 12/11/2025
Michael Lasser from UBS set a target price of $41.0 on 12/03/2025
Steven Zaccone from Citigroup set a target price of $42.0 on 11/24/2025
David Bellinger from Mizuho set a target price of $50.0 on 11/04/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.