Grove Collaborative Holdings, Inc. (NYSE:GROV) CEO Jeffrey Michael Yurcisin Buys 8,900 Shares

Grove Collaborative Holdings, Inc. (NYSE:GROV - Get Free Report) CEO Jeffrey Michael Yurcisin purchased 8,900 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of $1.31 per share, with a total value of $11,659.00. Following the completion of the purchase, the chief executive officer now owns 361,976 shares of the company's stock, valued at $474,188.56. The trade was a 2.52% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, June 10th, Jeffrey Michael Yurcisin bought 4,031 shares of Grove Collaborative stock. The stock was bought at an average price of $1.28 per share, with a total value of $5,159.68.
• On Monday, June 2nd, Jeffrey Michael Yurcisin purchased 4,669 shares of Grove Collaborative stock. The stock was bought at an average price of $1.34 per share, with a total value of $6,256.46.
• On Monday, June 2nd, Jeffrey Michael Yurcisin acquired 4,669 shares of Grove Collaborative stock. The shares were purchased at an average cost of $1.34 per share, with a total value of $6,256.46.
• On Tuesday, May 27th, Jeffrey Michael Yurcisin acquired 10,000 shares of Grove Collaborative stock. The shares were purchased at an average price of $1.36 per share, for a total transaction of $13,600.00.
• On Friday, May 23rd, Jeffrey Michael Yurcisin bought 15,000 shares of Grove Collaborative stock. The stock was purchased at an average price of $1.26 per share, with a total value of $18,900.00.
• On Wednesday, May 21st, Jeffrey Michael Yurcisin bought 8,900 shares of Grove Collaborative stock. The shares were acquired at an average price 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 cost 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 acquired at an average cost of $1.13 per share, for a total transaction of $9,938.35.

Grove Collaborative Trading Down 8.1%

GROV traded down $0.10 during trading on Thursday, hitting $1.13. 153,658 shares of the stock were exchanged, compared to its average volume of 107,994. Grove Collaborative Holdings, Inc. has a 1 year low of $1.02 and a 1 year high of $1.95. The firm has a market cap of $45.49 million, a price-to-earnings ratio of -1.64 and a beta of 1.24. The firm has a 50 day simple moving average of $1.18 and a 200 day simple moving average of $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 (NYSE:GROV - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Grove Collaborative had a negative net margin of 11.35% and a negative return on equity of 417.96%. The firm had revenue of $43.55 million for the quarter, compared to analysts' expectations of $47.01 million.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Grove Collaborative

Several large investors have recently modified their holdings of GROV. General Atlantic L.P. increased its holdings in Grove Collaborative by 164.4% during the fourth quarter. General Atlantic L.P. now owns 2,474,859 shares of the company's stock valued at $3,440,000 after buying an additional 1,538,839 shares during the period. Northern Trust Corp increased its holdings in shares of Grove Collaborative by 54.1% in the 4th quarter. Northern Trust Corp now owns 96,471 shares of the company's stock valued at $134,000 after acquiring an additional 33,850 shares during the period. Geode Capital Management LLC increased 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 valued at $290,000 after acquiring an additional 26,231 shares during the period. XTX Topco Ltd bought a new position in shares of Grove Collaborative in the 4th quarter worth $33,000. Finally, Millennium Management LLC lifted its stake in shares of 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 purchasing an additional 11,768 shares during 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.