Grindr Inc. (NYSE:GRND) Insider Zachary Katz Sells 3,058 Shares

Grindr Inc. (NYSE:GRND) insider Zachary Katz sold 3,058 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $14.30, for a total value of $43,729.40. Following the sale, the insider now owns 586,722 shares of the company’s stock, valued at $8,390,124.60. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Grindr Stock Performance

NYSE:GRND opened at $14.15 on Friday. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of -40.43 and a beta of 0.33. Grindr Inc. has a one year low of $6.12 and a one year high of $15.21. The business’s 50-day simple moving average is $12.86 and its 200 day simple moving average is $11.58.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Grindr

A number of institutional investors have recently made changes to their positions in GRND. nVerses Capital LLC bought a new position in Grindr during the 3rd quarter valued at $27,000. Price T Rowe Associates Inc. MD grew its stake in Grindr by 16.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,796 shares of the company’s stock worth $120,000 after purchasing an additional 1,667 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Grindr during the second quarter valued at approximately $136,000. Quest Partners LLC lifted its holdings in Grindr by 9,055.0% during the 2nd quarter. Quest Partners LLC now owns 12,817 shares of the company’s stock worth $157,000 after buying an additional 12,677 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Grindr in the 3rd quarter valued at approximately $160,000. 7.22% of the stock is owned by institutional investors and hedge funds.

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.