Grindr Inc. (NYSE:GRND – Get Free Report) insider Zachary Katz sold 3,058 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $16.23, for a total value of $49,631.34. Following the completion of the sale, the insider now directly owns 613,800 shares of the company’s stock, valued at $9,961,974. The trade was a 0.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Zachary Katz also recently made the following trade(s):
- On Tuesday, February 11th, Zachary Katz sold 3,057 shares of Grindr stock. The stock was sold at an average price of $18.00, for a total value of $55,026.00.
- On Monday, January 13th, Zachary Katz sold 3,058 shares of Grindr stock. The stock was sold at an average price of $16.40, for a total value of $50,151.20.
Grindr Stock Up 3.3 %
Shares of NYSE GRND opened at $16.94 on Friday. The stock’s 50 day moving average price is $17.54 and its two-hundred day moving average price is $15.27. Grindr Inc. has a 52-week low of $8.95 and a 52-week high of $19.20. The stock has a market capitalization of $2.99 billion, a P/E ratio of -48.40 and a beta of 0.30.
Institutional Trading of Grindr
Analysts Set New Price Targets
GRND has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on Grindr in a research note on Monday, December 16th. They issued a “buy” rating and a $20.00 price target on the stock. Citigroup reiterated an “outperform” rating on shares of Grindr in a research note on Thursday, March 6th. Raymond James reiterated an “outperform” rating on shares of Grindr in a research note 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 note on Thursday, February 6th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $19.75.
Read Our Latest Report on Grindr
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.
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