Nathan Richardson Sells 1,000 Shares of Grindr Inc. (NYSE:GRND) Stock

Grindr Inc. (NYSE:GRND) Director Nathan Richardson sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $18.40, for a total value of $18,400.00. Following the sale, the director now directly owns 16,642 shares of the company’s stock, valued at $306,212.80. This trade represents a 5.67 % decrease in their ownership of the stock. 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, March 14th, Nathan Richardson sold 1,000 shares of Grindr stock. The stock was sold at an average price of $16.34, for a total value of $16,340.00.

Grindr Trading Up 3.5 %

Shares of Grindr stock opened at $19.58 on Friday. The firm has a fifty day simple moving average of $17.76 and a 200-day simple moving average of $16.32. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of -55.93 and a beta of 0.31. Grindr Inc. has a 1-year low of $8.95 and a 1-year high of $19.65.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Grindr by 45.5% during the first quarter. GAMMA Investing LLC now owns 2,116 shares of the company’s stock valued at $38,000 after acquiring an additional 662 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Grindr by 31.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,655 shares of the company’s stock worth $47,000 after purchasing an additional 642 shares during the last quarter. Quarry LP boosted its stake in Grindr by 209.2% during the 4th quarter. Quarry LP now owns 3,423 shares of the company’s stock valued at $61,000 after purchasing an additional 2,316 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in Grindr by 511.9% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,638 shares of the company’s stock valued at $83,000 after buying an additional 3,880 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Grindr in the 4th quarter worth approximately $89,000. Institutional investors own 7.22% of the company’s stock.

Analyst Ratings Changes

GRND has been the subject of a number of analyst reports. Citigroup reiterated an “outperform” rating on shares of Grindr in a research note on Thursday, March 6th. JMP Securities reiterated a “market outperform” rating and issued a $21.00 price objective on shares of Grindr in a report on Thursday, February 6th. Finally, Raymond James reissued an “outperform” rating and set a $22.00 target price on shares of Grindr in a research report on Thursday, March 6th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $20.00.

Grindr Company Profile

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.