Jeffrey Michael Yurcisin Buys 8,900 Shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) Stock

Grove Collaborative Holdings, Inc. (NYSE:GROV) CEO Jeffrey Michael Yurcisin purchased 8,900 shares of the stock in a transaction on Monday, June 9th. The stock was acquired at an average cost of $1.31 per share, for a total transaction of $11,659.00. Following the acquisition, the chief executive officer now directly owns 361,976 shares in the company, valued at approximately $474,188.56. This trade represents a 2.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, June 10th, Jeffrey Michael Yurcisin bought 4,031 shares of Grove Collaborative stock. The stock was purchased at an average cost of $1.28 per share, for a total transaction of $5,159.68.
• On Monday, June 2nd, Jeffrey Michael Yurcisin bought 4,669 shares of Grove Collaborative stock. The stock was purchased at an average cost of $1.34 per share, for a total transaction of $6,256.46.
• On Monday, June 2nd, Jeffrey Michael Yurcisin bought 4,669 shares of Grove Collaborative stock. The stock was purchased at an average cost of $1.34 per share, for a total transaction of $6,256.46.
• On Tuesday, May 27th, Jeffrey Michael Yurcisin bought 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 Friday, May 23rd, Jeffrey Michael Yurcisin bought 15,000 shares of Grove Collaborative stock. The stock was purchased at an average cost of $1.26 per share, for a total transaction of $18,900.00.
• On Wednesday, May 21st, Jeffrey Michael Yurcisin bought 8,900 shares of Grove Collaborative stock. The stock was purchased 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 stock was purchased 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 stock was purchased at an average cost of $1.13 per share, for a total transaction of $9,938.35.

Grove Collaborative Stock Down 3.5%

Shares of NYSE:GROV opened at $1.24 on Thursday. The company has a quick ratio of 1.45, a current ratio of 2.07 and a debt-to-equity ratio of 14.58. Grove Collaborative Holdings, Inc. has a 12 month low of $1.02 and a 12 month high of $1.95. The firm has a market cap of $49.71 million, a P/E ratio of -1.79 and a beta of 1.24. The company’s 50-day moving average price is $1.18 and its two-hundred day moving average price is $1.40.

Grove Collaborative (NYSE:GROV) last released its earnings results on Wednesday, May 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $47.01 million.

Institutional Trading of Grove Collaborative

Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in shares of Grove Collaborative by 35.5% in the fourth quarter. Renaissance Technologies LLC now owns 43,500 shares of the company’s stock valued at $60,000 after purchasing an additional 11,400 shares during the last quarter. Millennium Management LLC grew 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 valued at $34,000 after buying an additional 11,768 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Grove Collaborative in the fourth quarter valued at $33,000. Geode Capital Management LLC grew 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 valued at $290,000 after buying an additional 26,231 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of 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 buying an additional 33,850 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.