Grindr Inc. (NYSE:GRND) Director Sells $18,400.00 in Stock

Grindr Inc. (NYSE:GRND) Director Nathan Richardson sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $18.40, for a total transaction of $18,400.00. Following the transaction, the director now owns 16,642 shares of the company’s stock, valued at approximately $306,212.80. This trade represents a 5.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, March 14th, Nathan Richardson sold 1,000 shares of Grindr stock. The shares were sold at an average price of $16.34, for a total transaction of $16,340.00.

Grindr Stock Performance

NYSE GRND opened at $19.58 on Friday. The firm’s 50 day moving average price is $17.76 and its two-hundred day moving average price is $16.32. Grindr Inc. has a twelve month low of $8.95 and a twelve month high of $19.65. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of -55.93 and a beta of 0.31.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GRND shares. Citigroup reaffirmed an “outperform” rating on shares of Grindr in a report on Thursday, March 6th. Raymond James reaffirmed an “outperform” rating and set a $22.00 target price on shares of Grindr in a report on Thursday, March 6th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $21.00 price target on shares of Grindr in a research report on Thursday, February 6th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $20.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in Grindr by 45.5% during the 1st quarter. GAMMA Investing LLC now owns 2,116 shares of the company’s stock worth $38,000 after acquiring an additional 662 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Grindr by 31.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,655 shares of the company’s stock worth $47,000 after purchasing an additional 642 shares in the last quarter. Quarry LP boosted its holdings in shares of Grindr by 209.2% during the fourth quarter. Quarry LP now owns 3,423 shares of the company’s stock worth $61,000 after purchasing an additional 2,316 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in Grindr by 511.9% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,638 shares of the company’s stock valued at $83,000 after purchasing an additional 3,880 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Grindr in the 4th quarter valued at approximately $89,000. Hedge funds and other institutional investors own 7.22% of the company’s stock.

Grindr Company Profile

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.