Jeffrey Michael Yurcisin Buys 35,000 Shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) 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, with a total value of $48,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 197,839 shares in the company, valued at $273,017.82. This represents a 21.49 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Grove Collaborative Stock Performance

Grove Collaborative stock opened at $1.34 on Friday. Grove Collaborative Holdings, Inc. has a 12-month low of $1.19 and a 12-month 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 firm has a market capitalization of $52.21 million, a price-to-earnings ratio of -1.94 and a beta of 0.97. The firm has a 50 day moving average of $1.34 and a 200 day moving average of $1.46.

Institutional Investors 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) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 and Exchange Commission (SEC). Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Separately, Telsey Advisory Group reissued an “outperform” rating and issued a $2.00 target price on shares of Grove Collaborative in a 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.