Grindr Inc. (NYSE:GRND) Director Sells $71,490.00 in Stock

Grindr Inc. (NYSE:GRND) Director Nathan Richardson sold 4,766 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $15.00, for a total value of $71,490.00. Following the completion of the sale, the director now owns 22,642 shares of the company’s stock, valued at $339,630. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Nathan Richardson also recently made the following trade(s):

• On Friday, November 8th, Nathan Richardson sold 5,234 shares of Grindr stock. The shares were sold at an average price of $15.00, for a total value of $78,510.00.
• On Monday, October 14th, Nathan Richardson sold 1,000 shares of Grindr stock. The stock was sold at an average price of $12.68, for a total value of $12,680.00.

Grindr Stock Performance

Shares of GRND traded down $0.47 during trading hours on Tuesday, hitting $14.63. 676,053 shares of the company were exchanged, compared to its average volume of 526,068. The company has a market cap of $2.57 billion, a PE ratio of -41.80 and a beta of 0.33. The firm’s 50 day moving average is $12.66 and its 200-day moving average is $11.48. Grindr Inc. has a 52 week low of $5.73 and a 52 week high of $15.21.

Institutional Trading of Grindr

Several large investors have recently made changes to their positions in the stock. nVerses Capital LLC bought a new stake in Grindr during the 3rd quarter valued at approximately $27,000. Price T Rowe Associates Inc. MD boosted its stake in Grindr by 16.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,796 shares of the company’s stock valued at $120,000 after purchasing an additional 1,667 shares during the period. Point72 DIFC Ltd bought a new stake in Grindr during the 2nd quarter valued at approximately $136,000. Quest Partners LLC boosted its stake in Grindr by 9,055.0% during the 2nd quarter. Quest Partners LLC now owns 12,817 shares of the company’s stock valued at $157,000 after purchasing an additional 12,677 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Grindr during the 2nd quarter valued at approximately $189,000. Institutional investors own 7.22% of the company’s stock.

Wall Street Analysts Forecast Growth

GRND has been the subject of several research analyst reports. TD Cowen upped their price objective on Grindr from $14.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. JMP Securities reissued a “market outperform” rating and set a $17.00 price target on shares of Grindr in a research report on Monday, July 15th. Finally, Raymond James boosted their target price on Grindr from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday.

About Grindr

Grindr Inc operates social network and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide. Its platform enables LGBTQ people to find and engage with each other, share content and experiences, and express themselves. The company offers ad-supported service and a premium subscription version.