Grindr Inc. (NYSE:GRND – Get Free Report) 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
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.
Read Our Latest Analysis on GRND
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.
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