Grove Collaborative Holdings, Inc. (NYSE:GROV) Shares Bought by SVB Wealth LLC

SVB Wealth LLC raised its holdings in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,340 shares of the company’s stock after acquiring an additional 15,170 shares during the period. SVB Wealth LLC’s holdings in Grove Collaborative were worth $54,000 at the end of the most recent quarter.

Grove Collaborative Stock Performance

Shares of NYSE GROV opened at $1.62 on Wednesday. The company has a quick ratio of 2.72, a current ratio of 3.54 and a debt-to-equity ratio of 8.82. The firm’s 50 day simple moving average is $1.76 and its 200-day simple moving average is $1.84. Grove Collaborative Holdings, Inc. has a 12 month low of $1.37 and a 12 month high of $3.81.

Grove Collaborative (NYSE:GROV) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.23) EPS for the quarter. The firm had revenue of $59.86 million for the quarter, compared to analyst estimates of $61.70 million. Grove Collaborative had a negative net margin of 16.67% and a negative return on equity of 233.28%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated an “outperform” rating and issued a $3.00 target price on shares of Grove Collaborative in a research note on Thursday, March 7th.

Insider Activity at Grove Collaborative

In other Grove Collaborative news, Director John B. Replogle purchased 25,900 shares of the stock in a transaction on Monday, March 11th. The shares were bought at an average price of $1.93 per share, for a total transaction of $49,987.00. Following the completion of the transaction, the director now owns 349,605 shares of the company’s stock, valued at approximately $674,737.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders acquired 52,523 shares of company stock worth $103,417 and sold 19,455 shares worth $33,820. 13.13% of the stock is owned by company insiders.

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.