Darren Lampert Acquires 300,000 Shares of GrowGeneration Corp. (NASDAQ:GRWG) Stock

GrowGeneration Corp. (NASDAQ:GRWGGet Free Report) CEO Darren Lampert purchased 300,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $1.92 per share, with a total value of $576,000.00. Following the transaction, the chief executive officer now owns 1,137,120 shares of the company’s stock, valued at approximately $2,183,270.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Darren Lampert also recently made the following trade(s):

  • On Wednesday, November 15th, Darren Lampert acquired 21,000 shares of GrowGeneration stock. The stock was bought at an average cost of $2.36 per share, with a total value of $49,560.00.

GrowGeneration Trading Up 7.3 %

Shares of NASDAQ:GRWG opened at $2.36 on Thursday. GrowGeneration Corp. has a 12 month low of $1.77 and a 12 month high of $8.63. The company has a market capitalization of $144.69 million, a price-to-earnings ratio of -4.21 and a beta of 3.06. The firm’s 50-day moving average is $2.62 and its 200 day moving average is $3.18.

Analysts Set New Price Targets

Separately, Lake Street Capital cut their target price on GrowGeneration from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th.

Check Out Our Latest Stock Analysis on GrowGeneration

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GRWG. Captrust Financial Advisors raised its holdings in shares of GrowGeneration by 644.4% in the first quarter. Captrust Financial Advisors now owns 3,000 shares of the company’s stock worth $28,000 after buying an additional 2,597 shares during the period. Newbridge Financial Services Group Inc. grew its position in GrowGeneration by 158.8% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 8,800 shares of the company’s stock valued at $30,000 after acquiring an additional 5,400 shares during the last quarter. AdvisorNet Financial Inc increased its stake in GrowGeneration by 96.2% in the third quarter. AdvisorNet Financial Inc now owns 10,196 shares of the company’s stock worth $30,000 after purchasing an additional 5,000 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in shares of GrowGeneration during the second quarter valued at $36,000. Finally, Two Sigma Advisers LP bought a new position in shares of GrowGeneration in the first quarter worth about $41,000. Hedge funds and other institutional investors own 42.70% of the company’s stock.

About GrowGeneration

(Get Free Report)

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, growing media, lighting, environmental control systems, vertical benching, and accessories for hydroponic gardening, as well as other indoor and outdoor growing products.

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