Grove Collaborative Holdings, Inc. (NYSE:GROV) CEO Purchases $18,900.00 in Stock

Grove Collaborative Holdings, Inc. (NYSE:GROV - Get Free Report) CEO Jeffrey Michael Yurcisin acquired 15,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was purchased at an average cost of $1.26 per share, for a total transaction of $18,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 317,307 shares of the company's stock, valued at approximately $399,806.82. This trade represents a 4.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, May 27th, Jeffrey Michael Yurcisin acquired 10,000 shares of Grove Collaborative stock. The stock was purchased at an average cost of $1.36 per share, for a total transaction of $13,600.00.
• On Wednesday, May 21st, Jeffrey Michael Yurcisin bought 8,900 shares of Grove Collaborative stock. The shares were bought at an average cost of $1.19 per share, for a total transaction of $10,591.00.
• On Thursday, May 22nd, Jeffrey Michael Yurcisin bought 8,500 shares of Grove Collaborative stock. The shares were bought at an average cost of $1.18 per share, for a total transaction of $10,030.00.
• On Tuesday, May 20th, Jeffrey Michael Yurcisin bought 8,795 shares of Grove Collaborative stock. The shares were bought at an average cost of $1.13 per share, for a total transaction of $9,938.35.

Grove Collaborative Price Performance

GROV traded up $0.05 during trading on Friday, hitting $1.37. The company's stock had a trading volume of 117,601 shares, compared to its average volume of 107,804. The company has a current ratio of 2.07, a quick ratio of 1.45 and a debt-to-equity ratio of 14.58. Grove Collaborative Holdings, Inc. has a twelve month low of $1.02 and a twelve month high of $1.95. The business's fifty day simple moving average is $1.20 and its 200 day simple moving average is $1.40. The firm has a market capitalization of $55.24 million, a price-to-earnings ratio of -1.99 and a beta of 1.10.

Grove Collaborative (NYSE:GROV - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $43.55 million during the quarter, compared to analyst estimates of $47.01 million.

Analysts Set New Price Targets

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

Institutional Trading of Grove Collaborative

Several institutional investors have recently bought and sold shares of GROV. General Atlantic L.P. grew its holdings in Grove Collaborative by 164.4% in the fourth quarter. General Atlantic L.P. now owns 2,474,859 shares of the company's stock valued at $3,440,000 after purchasing an additional 1,538,839 shares during the period. Northern Trust Corp grew its holdings in Grove Collaborative by 54.1% in the fourth quarter. Northern Trust Corp now owns 96,471 shares of the company's stock valued at $134,000 after purchasing an additional 33,850 shares during the period. Geode Capital Management LLC boosted its stake in shares of Grove Collaborative by 14.4% in the fourth quarter. Geode Capital Management LLC now owns 208,755 shares of the company's stock worth $290,000 after acquiring an additional 26,231 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Grove Collaborative in the fourth quarter worth approximately $33,000. Finally, Millennium Management LLC boosted its stake in shares of Grove Collaborative by 93.7% in the fourth quarter. Millennium Management LLC now owns 24,333 shares of the company's stock worth $34,000 after acquiring an additional 11,768 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

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.