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

Grove Collaborative Holdings, Inc. (NYSE:GROV) CEO Jeffrey Michael Yurcisin bought 35,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $1.38 per share, with a total value of $48,300.00. Following the transaction, the chief executive officer now owns 197,839 shares in the company, valued at approximately $273,017.82. This represents a 21.49 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Grove Collaborative Price Performance

GROV opened at $1.35 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 2.07 and a debt-to-equity ratio of 14.58. The company’s 50-day moving average price is $1.34 and its 200 day moving average price is $1.46. Grove Collaborative Holdings, Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $2.49. The firm has a market cap of $52.40 million, a price-to-earnings ratio of -1.95 and a beta of 0.97.

Institutional Trading of Grove Collaborative

An institutional investor recently bought a new position in Grove Collaborative stock. Renaissance Technologies LLC purchased a new position in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,700 shares of the company’s stock, valued at approximately $38,000. Renaissance Technologies LLC owned about 0.06% of Grove Collaborative as of its most recent filing with the Securities & Exchange Commission. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.