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 acquired 35,000 shares of Grove Collaborative stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of $1.38 per share, for a total transaction of $48,300.00. Following the completion of the purchase, the chief executive officer now directly owns 197,839 shares of the company’s stock, valued at $273,017.82. The trade was a 21.49 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Grove Collaborative Trading Down 1.5 %

GROV stock opened at $1.33 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. The firm’s 50-day simple moving average is $1.35 and its 200 day simple moving average 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.

Hedge Funds Weigh In On Grove Collaborative

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

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and set 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.