General Atlantic L.P. Purchases 1,538,839 Shares of Grove Collaborative Holdings, Inc. (NYSE:GROV)

General Atlantic L.P. boosted its holdings in Grove Collaborative Holdings, Inc. (NYSE:GROV - Free Report) by 164.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,474,859 shares of the company's stock after buying an additional 1,538,839 shares during the period. Grove Collaborative makes up about 0.1% of General Atlantic L.P.'s investment portfolio, making the stock its 16th largest position. General Atlantic L.P. owned about 6.35% of Grove Collaborative worth $3,440,000 at the end of the most recent quarter.

Separately, Geode Capital Management LLC increased its position in Grove Collaborative by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 182,524 shares of the company's stock worth $246,000 after buying an additional 9,114 shares during the period. Hedge funds and other institutional investors own 91.64% of the company's stock.

Grove Collaborative Price Performance

NYSE:GROV traded down $0.01 during mid-day trading on Friday, hitting $1.67. The company's stock had a trading volume of 69,125 shares, compared to its average volume of 159,484. Grove Collaborative Holdings, Inc. has a fifty-two week low of $1.19 and a fifty-two week high of $2.00. The company has a current ratio of 2.07, a quick ratio of 1.45 and a debt-to-equity ratio of 14.58. The company has a market capitalization of $64.87 million, a price-to-earnings ratio of -2.41 and a beta of 1.04. The stock has a fifty day moving average of $1.55 and a 200-day moving average of $1.43.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $2.00 target price on shares of Grove Collaborative in a research report on Wednesday.

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Grove Collaborative Company 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.