Grove Collaborative Holdings, Inc. (NYSE:GROV) Director John B. Replogle Acquires 125,000 Shares of Stock

Grove Collaborative Holdings, Inc. (NYSE:GROVGet Rating) Director John B. Replogle acquired 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was acquired at an average price of $0.83 per share, for a total transaction of $103,750.00. Following the completion of the transaction, the director now directly owns 484,274 shares in the company, valued at $401,947.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Grove Collaborative Trading Down 5.5 %

Shares of NYSE GROV traded down $0.04 on Thursday, reaching $0.77. 243,468 shares of the company traded hands, compared to its average volume of 293,968. Grove Collaborative Holdings, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $12.50. The firm’s 50 day moving average is $2.02. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.79 and a quick ratio of 1.19.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GROV shares. Canaccord Genuity Group started coverage on shares of Grove Collaborative in a report on Thursday, November 17th. They issued a “buy” rating and a $2.00 target price on the stock. Canaccord Genuity Group started coverage on shares of Grove Collaborative in a report on Wednesday, November 16th. They issued a “buy” rating on the stock. Finally, Telsey Advisory Group reduced their target price on shares of Grove Collaborative from $10.00 to $5.00 and set an “outperform” rating on the stock in a report on Friday, November 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sculptor Capital LP acquired a new position in shares of Grove Collaborative during the 2nd quarter valued at about $43,039,000. Vanguard Group Inc. acquired a new position in shares of Grove Collaborative during the 3rd quarter valued at about $1,195,000. Norwest Venture Partners XIII LP acquired a new position in shares of Grove Collaborative during the 2nd quarter valued at about $2,315,000. Board of Trustees of The Leland Stanford Junior University increased its stake in shares of Grove Collaborative by 50.0% during the 3rd quarter. Board of Trustees of The Leland Stanford Junior University now owns 88,203 shares of the company’s stock valued at $198,000 after acquiring an additional 29,401 shares during the last quarter. Finally, State Street Corp acquired a new stake in Grove Collaborative during the 3rd quarter worth approximately $85,000. Institutional investors and hedge funds own 60.99% of the company’s stock.

Grove Collaborative Company Profile

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Grove Collaborative Holdings, Inc operates as a plastic neutral consumer products retailer in the United States. It provides cleaning essentials, such as kitchen and bathroom cleaning products, household cleaners, hand and dish soaps, paper products, and laundry care products; home and pantry products, including home fragrances, bedding and bath products, cookware and dinnerware, and pest control products, as well as trash, recycling, and compost bags; and clean beauty, haircare, skincare, oral care, period care, and kids and personal care products.

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Insider Buying and Selling by Quarter for Grove Collaborative (NYSE:GROV)

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