Grove Collaborative Holdings, Inc. (NYSE:GROV) Major Shareholder Sculptor Capital Management, I Sells 75,000 Shares

Grove Collaborative Holdings, Inc. (NYSE:GROVGet Rating) major shareholder Sculptor Capital Management, I sold 75,000 shares of Grove Collaborative stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $5.48, for a total value of $411,000.00. Following the completion of the transaction, the insider now directly owns 55,000 shares of the company’s stock, valued at $301,400. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Sculptor Capital Management, I also recently made the following trade(s):

  • On Thursday, July 7th, Sculptor Capital Management, I sold 6,000 shares of Grove Collaborative stock. The shares were sold at an average price of $6.86, for a total value of $41,160.00.
  • On Thursday, June 23rd, Sculptor Capital Management, I sold 8,700 shares of Grove Collaborative stock. The shares were sold at an average price of $6.25, for a total value of $54,375.00.

Grove Collaborative Price Performance

Shares of GROV opened at $3.03 on Friday. The firm has a 50-day moving average of $5.03. Grove Collaborative Holdings, Inc. has a 1 year low of $2.66 and a 1 year high of $12.50.

Grove Collaborative (NYSE:GROVGet Rating) last posted its earnings results on Thursday, August 11th. The company reported ($1.36) earnings per share for the quarter. The company had revenue of $79.28 million during the quarter, compared to analysts’ expectations of $73.10 million.

Institutional Investors Weigh In On Grove Collaborative

Several institutional investors have recently added to or reduced their stakes in GROV. Sculptor Capital LP purchased a new stake in Grove Collaborative during the second quarter worth approximately $43,039,000. Norwest Venture Partners XIII LP purchased a new stake in Grove Collaborative during the second quarter worth approximately $2,315,000. Board of Trustees of The Leland Stanford Junior University purchased a new stake in Grove Collaborative during the second quarter worth approximately $272,000. Finally, Exos Asset Management LLC purchased a new stake in Grove Collaborative during the second quarter worth approximately $25,000. Hedge funds and other institutional investors own 60.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group assumed coverage on Grove Collaborative in a research note on Monday, June 27th. They issued an “outperform” rating and a $10.00 price objective for the company.

About Grove Collaborative

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Grove Collaborative Holdings, Inc operates as a plastic neutral consumer products retailer in the United States. It provides household cleaning, personal care, laundry, clean beauty, baby, and pet care products for households. The company is based in San Francisco, California.

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