Nathan Richardson Sells 4,766 Shares of Grindr Inc. (NYSE:GRND) Stock

Grindr Inc. (NYSE:GRNDGet 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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP increased its stake in Grindr by 124.0% during the second quarter. Marshall Wace LLP now owns 627,879 shares of the company’s stock worth $7,685,000 after purchasing an additional 347,626 shares during the period. Vanguard Group Inc. raised its position in Grindr by 5.7% in the first quarter. Vanguard Group Inc. now owns 570,351 shares of the company’s stock worth $5,778,000 after acquiring an additional 30,574 shares in the last quarter. Federated Hermes Inc. purchased a new position in shares of Grindr in the second quarter valued at $3,640,000. Squarepoint Ops LLC increased its position in Grindr by 264.4% during the 2nd quarter. Squarepoint Ops LLC now owns 260,814 shares of the company’s stock worth $3,192,000 after purchasing an additional 189,237 shares in the last quarter. Finally, Discovery Capital Management LLC CT acquired a new stake in Grindr in the 2nd quarter worth about $3,179,000. Hedge funds and other institutional investors own 7.22% of the company’s stock.

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

(Get Free Report)

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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