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In a recent transaction, Jeffrey Michael Yurcisin, the President and CEO of Grove Collaborative Holdings, Inc. (NYSE:GROV), acquired 15,000 shares of the company’s Class A common stock. The purchase, made on May 23, was executed at a weighted average price of $1.2551 per share, with prices ranging from $1.20 to $1.29. This acquisition amounts to a total value of $18,826. The stock, which has shown strong momentum with a ~9% gain over the past week according to InvestingPro data, currently trades at $1.28. The company, with a market capitalization of ~$52 million, currently operates with moderate debt levels and maintains a healthy current ratio of 1.48. Following the transaction, Yurcisin now directly owns 317,307 shares of Grove Collaborative. InvestingPro analysis reveals 11 additional key insights about GROV’s financial health and market position, available in the comprehensive Pro Research Report.
In other recent news, Grove Collaborative Holdings Inc. reported a notable decline in revenue for the first quarter of 2025, with figures dropping 18.7% year-over-year to $43.5 million. The company also experienced a decrease in its active customer count by 16%, totaling 678,000. Despite the downturn, Grove Collaborative is optimistic about future quarters, projecting revenue improvements and strategic growth initiatives. The company is focusing on strategic acquisitions and platform improvements to drive future growth. Grove Collaborative’s adjusted EBITDA was negative $1.6 million, reflecting a negative 3.7% margin. Meanwhile, the company increased its advertising spend to $2.8 million, up by $800,000 from the previous year, as part of efforts to enhance customer acquisition. The firm completed asset acquisitions of brands Grab Green and Eat Greens, integrating them into its operations. Additionally, Grove Collaborative has revised its full-year 2025 revenue guidance, anticipating a mid-single to low double-digit percentage decline.
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