John B. Replogle Buys 42,735 Shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) Stock

Grove Collaborative Holdings, Inc. (NYSE:GROV) Director John B. Replogle purchased 42,735 shares of the stock in a transaction dated Wednesday, May 21st. The shares were acquired at an average cost of $1.18 per share, with a total value of $50,427.30. Following the acquisition, the director now directly owns 497,859 shares in the company, valued at $587,473.62. This represents a 9.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Grove Collaborative Price Performance

Grove Collaborative stock opened at $1.21 on Thursday. 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 Holdings, Inc. has a 52 week low of $1.02 and a 52 week high of $1.95. The stock has a market capitalization of $48.50 million, a P/E ratio of -1.75 and a beta of 1.10. The stock has a fifty day moving average of $1.24 and a 200-day moving average of $1.40.

Grove Collaborative (NYSE:GROV) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $43.55 million for the quarter, compared to analyst estimates of $47.01 million. Grove Collaborative had a negative return on equity of 417.96% and a negative net margin of 11.35%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Grove Collaborative

A number of hedge funds and other institutional investors have recently bought and sold shares of GROV. General Atlantic L.P. grew its position in Grove Collaborative by 164.4% during the 4th quarter. General Atlantic L.P. now owns 2,474,859 shares of the company’s stock worth $3,440,000 after acquiring an additional 1,538,839 shares during the last quarter. Northern Trust Corp grew its position in Grove Collaborative by 54.1% during the 4th quarter. Northern Trust Corp now owns 96,471 shares of the company’s stock worth $134,000 after acquiring an additional 33,850 shares during the last quarter. Geode Capital Management LLC grew its position in Grove Collaborative by 14.4% during the 4th 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 bought a new stake in Grove Collaborative during the 4th quarter worth $33,000. Finally, Millennium Management LLC grew its position in 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 acquiring an additional 11,768 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

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.