Grindr Inc. (NYSE:GRND - Get Free Report) Director James Fu Bin Lu sold 195,600 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $14.39, for a total value of $2,814,684.00. Following the transaction, the director now directly owns 34,977,181 shares of the company's stock, valued at approximately $503,321,634.59. The trade was a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Grindr Price Performance
Shares of NYSE:GRND traded down $0.06 on Friday, reaching $14.26. 114,694 shares of the company traded hands, compared to its average volume of 526,457. Grindr Inc. has a fifty-two week low of $6.12 and a fifty-two week high of $15.21. The company's 50 day moving average is $12.81 and its 200-day moving average is $11.55.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Raymond James increased their price target on Grindr from $16.00 to $19.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. TD Cowen increased their price target on Grindr from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th.
View Our Latest Report on GRND
Institutional Trading of Grindr
[625,000% Gain] – Are You Ready for the Next Altcoin Boom?
From Crypto Swap Profits | Ad
All of our key indicators are flashing the same signal: an altcoin season is fast approaching.
And if you know anything about crypto, you know that altcoin seasons are where some of the biggest gains happen.
Register for the FREE Workshop Now & get $10 in Bitcoin
Several hedge funds and other institutional investors have recently modified their holdings of GRND. Marshall Wace LLP boosted its position in shares of Grindr by 124.0% in the second quarter. Marshall Wace LLP now owns 627,879 shares of the company's stock worth $7,685,000 after buying an additional 347,626 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Grindr in the second quarter worth $3,640,000. Discovery Capital Management LLC CT acquired a new stake in shares of Grindr in the second quarter worth $3,179,000. Yarra Square Partners LP acquired a new stake in shares of Grindr in the second quarter worth $3,005,000. Finally, Squarepoint Ops LLC boosted its position in shares of Grindr by 264.4% in the second quarter. Squarepoint Ops LLC now owns 260,814 shares of the company's stock worth $3,192,000 after buying an additional 189,237 shares during the period. Institutional investors and hedge funds own 7.22% of the company's stock.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
