Grindr Inc. (NYSE:GRND) Director Sells $16,580.00 in Stock

Grindr Inc. (NYSE:GRND) Director Nathan Richardson sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $16.58, for a total value of $16,580.00. Following the sale, the director now owns 19,642 shares in the company, valued at approximately $325,664.36. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, November 11th, Nathan Richardson sold 4,766 shares of Grindr stock. The stock was sold at an average price of $15.00, for a total transaction of $71,490.00.
• 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 transaction of $78,510.00.

Grindr Stock Up 0.6 %

NYSE GRND opened at $17.07 on Friday. Grindr Inc. has a 1-year low of $7.93 and a 1-year high of $18.42. The firm’s fifty day simple moving average is $16.22 and its 200-day simple moving average is $13.61.

Institutional Investors Weigh In On Grindr

Institutional investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new position in shares of Grindr during the 3rd quarter valued at $27,000. Point72 DIFC Ltd acquired a new position in Grindr during the second quarter worth $136,000. Centiva Capital LP bought a new position in Grindr during the third quarter valued at about $160,000. The Manufacturers Life Insurance Company lifted its position in shares of Grindr by 9.3% in the third quarter. The Manufacturers Life Insurance Company now owns 13,682 shares of the company’s stock worth $163,000 after buying an additional 1,166 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Grindr in the 2nd quarter worth approximately $189,000. 7.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on GRND. Raymond James boosted their target price on shares of Grindr from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. TD Cowen upped their price target on Grindr from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group started coverage on Grindr in a research report on Monday, December 16th. They set a “buy” rating and a $20.00 price objective for the company. Finally, JMP Securities reiterated a “market outperform” rating and issued a $21.00 target price on shares of Grindr in a report on Monday, December 16th.

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.