CEO, President & Director of Grove Collaborative Holdings Jeff Yurcisin Buys 12% More Shares
Whilst it may not be a huge deal, we thought it was good to see that the Grove Collaborative Holdings, Inc. (NYSE:GROV) CEO, President & Director, Jeff Yurcisin, recently bought US$95k worth of stock, for US$1.05 per share. That purchase might not be huge but it did increase their holding by 12%.
Grove Collaborative Holdings Insider Transactions Over The Last Year
Notably, that recent purchase by Jeff Yurcisin is the biggest insider purchase of Grove Collaborative Holdings shares that we've seen in the last year. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$1.05). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months Grove Collaborative Holdings insiders were buying shares, but not selling. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for Grove Collaborative Holdings
Grove Collaborative Holdings is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that Grove Collaborative Holdings insiders own about US$5.2m worth of shares (which is 11% of the company). We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. Whilst better than nothing, we're not overly impressed by these holdings.
So What Does This Data Suggest About Grove Collaborative Holdings Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Grove Collaborative Holdings stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Grove Collaborative Holdings. While conducting our analysis, we found that Grove Collaborative Holdings has 2 warning signs and it would be unwise to ignore these.
Of course Grove Collaborative Holdings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.