Insider Selling: Grove Collaborative Holdings, Inc. (NYSE:GROV) CTO Sells $11,283.90 in Stock

Grove Collaborative Holdings, Inc. (NYSE:GROV) CTO Christopher Clark sold 6,485 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $1.74, for a total transaction of $11,283.90. Following the transaction, the chief technology officer now owns 112,344 shares in the company, valued at approximately $195,478.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Christopher Clark also recently made the following trade(s):

• On Monday, June 3rd, Christopher Clark sold 6,485 shares of Grove Collaborative stock. The shares were sold at an average price of $1.59, for a total transaction of $10,311.15.
• On Wednesday, May 1st, Christopher Clark sold 6,485 shares of Grove Collaborative stock. The stock was sold at an average price of $1.50, for a total transaction of $9,727.50.
• On Tuesday, April 9th, Christopher Clark sold 4,060 shares of Grove Collaborative stock. The stock was sold at an average price of $1.67, for a total transaction of $6,780.20.

Grove Collaborative Stock Performance

GROV opened at $1.83 on Thursday. Grove Collaborative Holdings, Inc. has a 1-year low of $1.37 and a 1-year high of $3.81. The company has a debt-to-equity ratio of 9.65, a quick ratio of 2.92 and a current ratio of 4.01. The company’s fifty day moving average price is $1.61 and its two-hundred day moving average price is $1.74.

Grove Collaborative (NYSE:GROV) last announced its earnings results on Tuesday, May 14th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $53.55 million during the quarter, compared to analysts’ expectations of $53.40 million. Grove Collaborative had a negative net margin of 13.91% and a negative return on equity of 228.87%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group restated an “outperform” rating and set a $3.00 price objective on shares of Grove Collaborative in a report on Tuesday, May 7th.

Institutional Trading of Grove Collaborative

An institutional investor recently raised its position in Grove Collaborative stock. SVB Wealth LLC grew its position in Grove Collaborative Holdings, Inc. (NYSE:GROV) by 100.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,340 shares of the company’s stock after purchasing an additional 15,170 shares during the period. SVB Wealth LLC owned about 0.08% of Grove Collaborative worth $54,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.