Grove Collaborative Holdings, Inc. (NYSE:GROV) CEO Jeffrey Michael Yurcisin Buys 35,000 Shares

Grove Collaborative Holdings, Inc. (NYSE:GROV) CEO Jeffrey Michael Yurcisin bought 35,000 shares of the stock in a transaction on Monday, November 18th. The stock was bought at an average price of $1.38 per share, for a total transaction of $48,300.00. Following the completion of the purchase, the chief executive officer now directly owns 197,839 shares in the company, valued at approximately $273,017.82. The trade was a 21.49 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Grove Collaborative Price Performance

Shares of GROV stock traded down $0.02 during mid-day trading on Tuesday, reaching $1.35. The stock had a trading volume of 100,490 shares, compared to its average volume of 82,542. The company has a current ratio of 2.07, a quick ratio of 1.45 and a debt-to-equity ratio of 14.58. The business has a 50-day simple moving average of $1.34 and a 200 day simple moving average of $1.46. Grove Collaborative Holdings, Inc. has a 12-month low of $1.19 and a 12-month high of $2.49. The company has a market cap of $52.40 million, a P/E ratio of -1.97 and a beta of 0.97.

Institutional Trading of Grove Collaborative

An institutional investor recently raised its position in Grove Collaborative stock. Geode Capital Management LLC raised its stake in Grove Collaborative Holdings, Inc. (NYSE:GROV) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 182,524 shares of the company’s stock after purchasing an additional 9,114 shares during the quarter. Geode Capital Management LLC owned about 0.47% of Grove Collaborative worth $246,000 at the end of the most recent quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated an “outperform” rating and issued a $2.00 price objective on shares of Grove Collaborative in a research report on Wednesday, November 13th.

About Grove Collaborative

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.