Insider Selling: GrowGeneration (NASDAQ:GRWG) CEO Sells 70,280 Shares of Stock

GrowGeneration Corp. (NASDAQ:GRWG - Get Free Report) CEO Darren Lampert sold 70,280 shares of the firm's stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $1.74, for a total transaction of $122,287.20. Following the completion of the transaction, the chief executive officer owned 1,708,242 shares of the company's stock, valued at $2,972,341.08. This trade represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, November 13th, Darren Lampert sold 56,540 shares of GrowGeneration stock. The stock was sold at an average price of $1.61, for a total transaction of $91,029.40.

GrowGeneration Trading Up 0.3%

Shares of GRWG traded up $0.01 during mid-day trading on Friday, reaching $1.66. 242,048 shares of the stock traded hands, compared to its average volume of 645,430. The firm has a fifty day moving average price of $1.67 and a 200 day moving average price of $1.36. GrowGeneration Corp. has a 1 year low of $0.82 and a 1 year high of $2.16. The company has a market cap of $99.04 million, a price-to-earnings ratio of -2.47 and a beta of 3.12.

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GrowGeneration (NASDAQ:GRWG - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.05. The company had revenue of $47.25 million for the quarter, compared to analysts' expectations of $41.56 million. GrowGeneration had a negative net margin of 24.77% and a negative return on equity of 29.82%. GrowGeneration has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that GrowGeneration Corp. will post -0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

GRWG has been the subject of several recent research reports. Wall Street Zen upgraded shares of GrowGeneration from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. Weiss Ratings restated a "sell (d-)" rating on shares of GrowGeneration in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $2.50.

• Grow Generation Stock a Domestic Cannabis Cultivation Play

Check Out Our Latest Research Report on GRWG

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Voya Investment Management LLC increased its position in shares of GrowGeneration by 43.2% in the 1st quarter. Voya Investment Management LLC now owns 1,349,529 shares of the company's stock valued at $1,457,000 after acquiring an additional 407,202 shares during the period. Monaco Asset Management SAM grew its position in GrowGeneration by 85.1% during the 2nd quarter. Monaco Asset Management SAM now owns 1,015,743 shares of the company's stock worth $950,000 after purchasing an additional 467,022 shares during the period. Nuveen LLC acquired a new position in GrowGeneration in the first quarter valued at approximately $197,000. AWM Investment Company Inc. boosted its holdings in GrowGeneration by 95.1% during the first quarter. AWM Investment Company Inc. now owns 3,281,729 shares of the company's stock worth $3,544,000 after buying an additional 1,600,000 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of GrowGeneration during the 2nd quarter valued at about $182,000. 36.02% of the stock is owned by institutional investors.

GrowGeneration Company Profile

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, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.

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