Grove Collaborative Holdings, Inc. (NYSE:GROV) CEO Acquires $48,300.00 in Stock

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

Grove Collaborative Stock Down 1.1 %

Shares of NYSE GROV traded down $0.02 during mid-day trading on Tuesday, reaching $1.35. The company had a trading volume of 100,490 shares, compared to its average volume of 82,542. The firm has a 50 day simple moving average of $1.34 and a two-hundred day simple moving average of $1.46. Grove Collaborative Holdings, Inc. has a 52-week low of $1.19 and a 52-week high of $2.49. 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 stock has a market cap of $52.40 million, a P/E ratio of -1.97 and a beta of 0.97.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and set a $2.00 price target on shares of Grove Collaborative in a report on Wednesday, November 13th.

Hedge Funds Weigh In On Grove Collaborative

A hedge fund recently bought a new stake in Grove Collaborative stock. Renaissance Technologies LLC bought a new position in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,700 shares of the company’s stock, valued at approximately $38,000. Renaissance Technologies LLC owned about 0.06% of Grove Collaborative at the end of the most recent quarter. Institutional investors and hedge funds 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.