SVB Wealth LLC Raises Stock Position in Grove Collaborative Holdings, Inc. (NYSE:GROV)

SVB Wealth LLC raised its stake in shares of Grove Collaborative Holdings, Inc. (NYSE:GROV) by 100.0% during the fourth 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 purchasing an additional 15,170 shares during the quarter. SVB Wealth LLC owned approximately 0.08% of Grove Collaborative worth $54,000 at the end of the most recent reporting period.

Insider Buying and Selling at Grove Collaborative

In related news, Director John B. Replogle purchased 25,900 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were purchased at an average cost of $1.93 per share, with a total value of $49,987.00. Following the transaction, the director now directly owns 349,605 shares in the company, valued at approximately $674,737.65. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders acquired 52,523 shares of company stock valued at $103,417 and sold 19,455 shares valued at $33,820. Insiders own 13.13% of the company’s stock.

Grove Collaborative Stock Down 1.2 %

Shares of Grove Collaborative stock opened at $1.62 on Wednesday. The company has a debt-to-equity ratio of 8.82, a current ratio of 3.54 and a quick ratio of 2.72. The company’s fifty day simple moving average is $1.76 and its two-hundred 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 earnings results on Wednesday, March 6th. The company reported ($0.23) earnings per share for the quarter. Grove Collaborative had a negative return on equity of 233.28% and a negative net margin of 16.67%. The business had revenue of $59.86 million during the quarter, compared to analysts’ expectations of $61.70 million.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued an “outperform” rating and set a $3.00 price objective on shares of Grove Collaborative in a research report on Thursday, March 7th.

Grove Collaborative 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.