Michael Salaman Buys 50,000 Shares of GrowGeneration
GrowGeneration's President, Michael Salaman, purchased 50,000 shares on June 15.
Key Points
- Michael Salaman, President of GrowGeneration, purchased 50,000 shares on June 15, 2026, with shares trading around $1.54.
- GrowGeneration has a market cap of $92.5 million and a forward P/E of -30.8, indicating it isn't currently profitable.
- Other institutional investors like Renaissance Technologies increased their holdings by 351,277 shares, while BlackRock reduced its shares by 11,194.
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On June 15, 2026, Michael Salaman, the President of GrowGeneration Corp. (NasdaqCM: GRWG), bought 50,000 shares of the company. The shares were trading around $1.54 at the time of the purchase.
Insider Buying and Selling at GrowGeneration Corp.
Michael Salaman wasn't the only insider making moves. CEO Darren Lampert also acquired 50,000 shares on the same day, while CFO Gregory Kevin Sanders purchased 24,990 shares. Earlier, on May 18, Darren Lampert added 64,098 shares to his holdings at an average price of $1.55.
Other Institutional Activity in GrowGeneration
Institutional investors have shown varied interest in GrowGeneration. Vanguard Capital Management LLC added 2,326,664 shares, bringing its total to 2,326,664 shares valued at about $2.56 million. Renaissance Technologies LLC increased its position by 351,277 shares, ending with 1,370,610 shares worth approximately $1.51 million. In contrast, BlackRock, Inc. trimmed its stake by 11,194 shares, holding 1,109,938 shares valued at $1.22 million.
GrowGeneration Corp. Stock Down 4.9%
Shares of GrowGeneration (NasdaqCM: GRWG) traded near $1.54. The company has a market capitalization of approximately $92.5 million. It currently has no meaningful P/E ratio due to its lack of profitability, with a forward P/E of -30.8. The stock's beta is 2.484, indicating higher volatility compared to the market. Over the past year, the stock has seen a 52-week low of $0.87 and a high of $2.40, with 50-day and 200-day moving averages of $1.43 and $1.46, respectively. The company maintains a strong current ratio of 4.051, showing good short-term financial health.
Recent Earnings
GrowGeneration reported revenue of $164.4 million, reflecting a growth of 7.5%. However, the company posted a net margin of -11.9% and a return on equity of -19.2%, indicating financial challenges. The next earnings report is expected on August 14, 2026.
Analysts Set New Price Targets
On May 9, 2025, Lake Street maintained its buy rating for GrowGeneration with a price target of $2.5. The consensus among analysts is a target mean price of $2.0, based on two opinions.
About GrowGeneration
GrowGeneration Corp., headquartered in Greenwood Village, Colorado, is a leading provider of hydroponic and organic gardening products in the U.S. The company operates retail locations and an online platform, selling products such as nutrients, lighting, and environmental control systems. It also offers storage solutions and services like floor plan designs and installation. Founded in 2008, GrowGeneration is led by CEO Darren Lampert and employs 248 people.
Bottom Line
Michael Salaman's purchase of 50,000 shares signals his confidence in GrowGeneration's future. While the company faces profitability challenges, its strong market position in hydroponic retail is noteworthy. Investors should note that insider transactions are disclosed after they occur, providing a historical snapshot rather than a current recommendation.
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