Geode Capital Management LLC Acquires 9,114 Shares of Grove Collaborative Holdings, Inc. (NYSE:GROV)

Geode Capital Management LLC grew its holdings in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) by 5.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,524 shares of the company’s stock after acquiring an additional 9,114 shares during the period. Geode Capital Management LLC owned about 0.47% of Grove Collaborative worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Renaissance Technologies LLC bought a new position in Grove Collaborative in the 2nd quarter worth $38,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Grove Collaborative Stock Down 4.8 %

GROV opened at $1.39 on Tuesday. The firm has a 50-day simple moving average of $1.43 and a two-hundred day simple moving average of $1.41. Grove Collaborative Holdings, Inc. has a 52 week low of $1.19 and a 52 week high of $2.44. The company has a market capitalization of $54.16 million, a PE ratio of -2.01 and a beta of 1.08. The company has a quick ratio of 1.45, a current ratio of 2.07 and a debt-to-equity ratio of 14.58.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $2.00 target price on shares of Grove Collaborative in a report on Wednesday, November 13th.

Insider Buying and Selling at Grove Collaborative

In other Grove Collaborative news, CEO Jeffrey Michael Yurcisin bought 35,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $1.38 per share, for a total transaction of $48,300.00. Following the transaction, the chief executive officer now owns 197,839 shares of the company’s stock, valued at $273,017.82. This represents a 21.49 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.13% 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.