Insider Buying: Grove Collaborative Holdings, Inc. (NYSE:GROV) CEO Acquires 10,000 Shares of Stock

Grove Collaborative Holdings, Inc. (NYSE:GROV) CEO Jeffrey Michael Yurcisin acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average price of $1.36 per share, with a total value of $13,600.00. Following the purchase, the chief executive officer now owns 327,307 shares in the company, valued at approximately $445,137.52. This represents a 3.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffrey Michael Yurcisin also recently made the following trade(s):

• On Friday, May 23rd, Jeffrey Michael Yurcisin bought 15,000 shares of Grove Collaborative stock. The shares were acquired at an average price of $1.26 per share, for a total transaction of $18,900.00.
• On Wednesday, May 21st, Jeffrey Michael Yurcisin purchased 8,900 shares of Grove Collaborative stock. The stock was acquired at an average cost of $1.19 per share, with a total value of $10,591.00.
• On Thursday, May 22nd, Jeffrey Michael Yurcisin purchased 8,500 shares of Grove Collaborative stock. The shares were acquired at an average price of $1.18 per share, with a total value of $10,030.00.
• On Tuesday, May 20th, Jeffrey Michael Yurcisin acquired 8,795 shares of Grove Collaborative stock. The stock was bought at an average price of $1.13 per share, for a total transaction of $9,938.35.

Grove Collaborative Stock Down 0.8%

GROV opened at $1.32 on Friday. The firm’s 50-day simple moving average is $1.20 and its 200-day simple moving average is $1.40. The company has a debt-to-equity ratio of 14.58, a quick ratio of 1.45 and a current ratio of 2.07. Grove Collaborative Holdings, Inc. has a twelve month low of $1.02 and a twelve month high of $1.95. The firm has a market cap of $53.00 million, a price-to-earnings ratio of -1.91 and a beta of 1.10.

Grove Collaborative (NYSE:GROV) last posted its earnings results on Wednesday, May 14th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Grove Collaborative had a negative return on equity of 417.96% and a negative net margin of 11.35%. The firm had revenue of $43.55 million during the quarter, compared to the consensus estimate of $47.01 million.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group restated a “market perform” rating and set a $1.20 target price (down previously from $2.00) on shares of Grove Collaborative in a research report on Thursday, May 15th.

Institutional Investors Weigh In On Grove Collaborative

Large investors have recently made changes to their positions in the company. General Atlantic L.P. grew its holdings in shares of Grove Collaborative by 164.4% in the 4th quarter. General Atlantic L.P. now owns 2,474,859 shares of the company’s stock worth $3,440,000 after purchasing an additional 1,538,839 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Grove Collaborative by 35.5% in the 4th quarter. Renaissance Technologies LLC now owns 43,500 shares of the company’s stock worth $60,000 after purchasing an additional 11,400 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Grove Collaborative by 14.4% in the 4th quarter. Geode Capital Management LLC now owns 208,755 shares of the company’s stock worth $290,000 after purchasing an additional 26,231 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Grove Collaborative in the 4th quarter worth about $33,000. Finally, Millennium Management LLC lifted its position in Grove Collaborative by 93.7% during the 4th quarter. Millennium Management LLC now owns 24,333 shares of the company’s stock worth $34,000 after buying an additional 11,768 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Grove Collaborative Company Profile

Grove Collaborative Holdings, Inc operates as a plastic neutral consumer products retailer in the United States. It offers household, personal care, beauty, and other consumer products through retail channels, third parties, direct-to-consumer platform, and mobile applications, as well as online store.