Grindr Inc. (NYSE:GRND – Get Free Report) Director Nathan Richardson sold 4,766 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $15.00, for a total value of $71,490.00. Following the sale, the director now owns 22,642 shares in the company, valued at approximately $339,630. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Nathan Richardson also recently made the following trade(s):
- On Friday, November 8th, Nathan Richardson sold 5,234 shares of Grindr stock. The stock was sold at an average price of $15.00, for a total transaction of $78,510.00.
- On Monday, October 14th, Nathan Richardson sold 1,000 shares of Grindr stock. The shares were sold at an average price of $12.68, for a total value of $12,680.00.
Grindr Price Performance
NYSE:GRND traded down $0.47 during midday trading on Tuesday, hitting $14.63. The company’s stock had a trading volume of 676,053 shares, compared to its average volume of 526,068. The firm has a market cap of $2.57 billion, a P/E ratio of -41.80 and a beta of 0.33. Grindr Inc. has a fifty-two week low of $5.73 and a fifty-two week high of $15.21. The firm’s 50 day moving average is $12.66 and its 200-day moving average is $11.48.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price objective on shares of Grindr in a research note on Monday, July 15th. TD Cowen lifted their target price on shares of Grindr from $14.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Raymond James lifted their price objective on Grindr from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday.
Check Out Our Latest Research Report on Grindr
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.
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