Grindr Inc. (NYSE:GRND - Get Free Report) insider Zachary Katz sold 3,058 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $16.23, for a total transaction of $49,631.34. Following the transaction, the insider now directly owns 613,800 shares in the company, valued at $9,961,974. The trade was a 0.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Zachary Katz also recently made the following trade(s):
- On Tuesday, February 11th, Zachary Katz sold 3,057 shares of Grindr stock. The shares were sold at an average price of $18.00, for a total value of $55,026.00.
- On Monday, January 13th, Zachary Katz sold 3,058 shares of Grindr stock. The stock was sold at an average price of $16.40, for a total value of $50,151.20.
Grindr Trading Down 0.9 %
GRND stock opened at $16.37 on Friday. The stock has a 50-day moving average price of $17.59 and a two-hundred day moving average price of $15.21. The company has a market cap of $2.89 billion, a PE ratio of -46.76 and a beta of 0.30. Grindr Inc. has a 12-month low of $8.95 and a 12-month high of $19.20.
Institutional Trading of Grindr
Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its position in Grindr by 31.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,655 shares of the company's stock valued at $47,000 after buying an additional 642 shares in the last quarter. Quarry LP lifted its stake in shares of Grindr by 209.2% in the fourth quarter. Quarry LP now owns 3,423 shares of the company's stock worth $61,000 after acquiring an additional 2,316 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Grindr by 511.9% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,638 shares of the company's stock valued at $83,000 after purchasing an additional 3,880 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Grindr during the 4th quarter valued at approximately $89,000. Finally, R Squared Ltd purchased a new stake in Grindr during the 4th quarter worth approximately $101,000. Institutional investors and hedge funds own 7.22% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Raymond James reiterated an "outperform" rating on shares of Grindr in a research note on Thursday, March 6th. The Goldman Sachs Group initiated coverage on shares of Grindr in a research note on Monday, December 16th. They set a "buy" rating and a $20.00 price objective for the company. JMP Securities reissued a "market outperform" rating and issued a $21.00 target price on shares of Grindr in a research report on Thursday, February 6th. Finally, Citigroup reaffirmed an "outperform" rating on shares of Grindr in a research report on Thursday, March 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $19.75.
View Our Latest Stock Report on Grindr
Grindr Company Profile
(
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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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