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

Grindr Inc. (NYSE:GRND) Director Nathan Richardson sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $16.58, for a total transaction of $16,580.00. Following the completion of the transaction, the director now directly owns 19,642 shares in the company, valued at approximately $325,664.36. This represents a 4.84 % decrease in their position. The sale 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 shares were sold at an average price of $15.00, for a total value 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 value of $78,510.00.

Grindr Stock Up 0.6 %

GRND stock opened at $17.07 on Friday. The company has a 50-day simple moving average of $16.22 and a 200 day simple moving average of $13.62. Grindr Inc. has a fifty-two week low of $7.93 and a fifty-two week high of $18.42.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

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

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.