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

Grindr Inc. (NYSE:GRND) Director Nathan Richardson sold 1,000 shares of Grindr stock in a transaction on Monday, April 14th. The shares were sold at an average price of $18.40, for a total value of $18,400.00. Following the completion of the transaction, the director now owns 16,642 shares in the company, valued at approximately $306,212.80. The trade was a 5.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Nathan Richardson also recently made the following trade(s):

• On Friday, March 14th, Nathan Richardson sold 1,000 shares of Grindr stock. The shares were sold at an average price of $16.34, for a total value of $16,340.00.

Grindr Price Performance

Shares of NYSE GRND opened at $19.58 on Friday. Grindr Inc. has a 1 year low of $8.95 and a 1 year high of $19.65. The firm has a market cap of $4.08 billion, a PE ratio of -55.93 and a beta of 0.31. The company has a 50 day simple moving average of $17.72 and a 200 day simple moving average of $16.27.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Grindr

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its position in Grindr by 45.5% during the 1st quarter. GAMMA Investing LLC now owns 2,116 shares of the company’s stock worth $38,000 after purchasing an additional 662 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Grindr by 31.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,655 shares of the company’s stock worth $47,000 after acquiring an additional 642 shares during the period. Quarry LP boosted its holdings in Grindr by 209.2% in the fourth quarter. Quarry LP now owns 3,423 shares of the company’s stock valued at $61,000 after acquiring an additional 2,316 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in Grindr by 511.9% during the 4th 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 period. Finally, KLP Kapitalforvaltning AS bought a new position in Grindr during the 4th quarter worth approximately $89,000. Institutional investors and hedge funds own 7.22% of the company’s stock.

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.