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SAN FRANCISCO—David A. Glazer, a director at Grove Collaborative Holdings, Inc. (NYSE:GROV), recently purchased a significant amount of the company’s Class A common stock. According to a recent SEC filing, Glazer acquired 7,205 shares on June 13, 2025, at a weighted average price of $1.1485 per share, totaling approximately $8,274. The purchase comes as InvestingPro data shows the stock trading near $1.17, with the company maintaining a market capitalization of $47.9 million.
The transaction was executed in multiple trades, with prices ranging from $1.11 to $1.15 per share. Following this purchase, Glazer’s direct ownership in the company increased to 156,118 shares. According to InvestingPro analysis, while the stock has faced recent pressure, dropping about 9% in the past week, the company maintains healthy liquidity with a current ratio of 1.48.
This acquisition reflects continued confidence in Grove Collaborative, a company known for its commitment to sustainability and eco-friendly products. The company generated revenues of $193.43 million in the last twelve months, maintaining a solid gross margin of 53.08%. For deeper insights into GROV’s valuation and 10 additional key ProTips, visit InvestingPro.
In other recent news, Grove Collaborative Holdings Inc. reported a notable decline in revenue for the first quarter of 2025. The company’s revenue fell 18.7% year-over-year, reaching $43.5 million, with a concurrent 16% decrease in active customers to 678,000. Despite these challenges, Grove Collaborative remains focused on strategic acquisitions and platform improvements as part of its growth strategy. The company also highlighted an increase in advertising spend, rising by $800,000 to $2.8 million, aimed at boosting customer acquisition. Additionally, Grove Collaborative has been working on platform migration, which they estimate had a $2 million to $3 million impact on revenue for Q1. The company projects that Q1 will be the lowest revenue quarter of the year, with expected improvements in subsequent quarters. Analysts have noted Grove Collaborative’s ongoing efforts to mitigate the impact of tariffs and improve profitability, including strategic sourcing adjustments. The firm remains committed to its long-term goals, emphasizing transparency and accountability as key focus areas.
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