Nathan Richardson Sells 5,234 Shares of Grindr Inc. (NYSE:GRND) Stock

Grindr Inc. (NYSE:GRND) Director Nathan Richardson sold 5,234 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $15.00, for a total transaction of $78,510.00. Following the sale, the director now directly owns 27,408 shares in the company, valued at approximately $411,120. The trade was a 16.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 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 transaction of $12,680.00.

Grindr Stock Performance

GRND stock opened at $14.32 on Friday. Grindr Inc. has a 12-month low of $6.12 and a 12-month high of $15.21. The company’s fifty day simple moving average is $12.81 and its 200 day simple moving average is $11.55.

Hedge Funds Weigh In On Grindr

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Grindr by 9.3% during the third quarter. The Manufacturers Life Insurance Company now owns 13,682 shares of the company’s stock valued at $163,000 after purchasing an additional 1,166 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Grindr by 16.5% during the first 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. Hsbc Holdings PLC raised its holdings in shares of Grindr by 9.5% during the second quarter. Hsbc Holdings PLC now owns 23,632 shares of the company’s stock valued at $286,000 after purchasing an additional 2,050 shares during the period. nVerses Capital LLC acquired a new position in shares of Grindr during the third quarter valued at about $27,000. Finally, Bleakley Financial Group LLC raised its holdings in shares of Grindr by 9.6% during the third quarter. Bleakley Financial Group LLC now owns 27,188 shares of the company’s stock valued at $324,000 after purchasing an additional 2,371 shares during the period. Institutional investors and hedge funds own 7.22% of the company’s stock.

Analyst Upgrades and Downgrades

GRND has been the topic of several analyst reports. TD Cowen boosted their price objective on shares of Grindr from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Raymond James boosted their price objective on shares of Grindr from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

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.