Grindr Inc. (NYSE:GRND - Get Free Report) Director Nathan Richardson sold 1,000 shares of Grindr stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $16.34, for a total value of $16,340.00. Following the completion of the sale, the director now directly owns 17,642 shares in the company, valued at $288,270.28. This represents a 5.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Nathan Richardson also recently made the following trade(s):
- On Tuesday, January 14th, Nathan Richardson sold 1,000 shares of Grindr stock. The stock was sold at an average price of $16.58, for a total transaction of $16,580.00.
Grindr Stock Up 3.3 %
NYSE GRND opened at $16.94 on Friday. The company has a market capitalization of $2.99 billion, a P/E ratio of -48.40 and a beta of 0.30. The firm has a 50-day moving average price of $17.54 and a two-hundred day moving average price of $15.25. Grindr Inc. has a 12-month low of $8.95 and a 12-month high of $19.20.
Analyst Ratings Changes
GRND has been the subject of a number of analyst reports. JMP Securities restated a "market outperform" rating and issued a $21.00 price target on shares of Grindr in a research note on Thursday, February 6th. Raymond James reissued an "outperform" rating on shares of Grindr in a research report on Thursday, March 6th. The Goldman Sachs Group started coverage on shares of Grindr in a research note on Monday, December 16th. They issued a "buy" rating and a $20.00 target price for the company. Finally, Citigroup reissued an "outperform" rating on shares of Grindr in a research report on Thursday, March 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Grindr presently has an average rating of "Buy" and an average target price of $19.75.
Read Our Latest Research Report on Grindr
Institutional Trading of Grindr
Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. acquired a new stake in Grindr during the third quarter worth about $365,000. Aigen Investment Management LP acquired a new position in Grindr during the third quarter worth about $225,000. Victory Capital Management Inc. bought a new position in shares of Grindr in the third quarter worth about $321,000. Quest Partners LLC boosted its stake in shares of Grindr by 277.4% in the 3rd quarter. Quest Partners LLC now owns 48,375 shares of the company's stock valued at $577,000 after purchasing an additional 35,558 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Grindr by 10.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 191,686 shares of the company's stock valued at $2,287,000 after purchasing an additional 17,678 shares during the last quarter. 7.22% of the stock is owned by institutional investors and hedge funds.
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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