Grindr Inc. (NYSE:GRND) Director Sells $16,340.00 in Stock

Grindr Inc. (NYSE:GRND - Get Free Report) Director Nathan Richardson sold 1,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $16.34, for a total value of $16,340.00. Following the sale, the director now owns 17,642 shares of the company's stock, valued at approximately $288,270.28. The trade was a 5.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 value of $16,580.00.

Grindr Trading Down 1.5 %

Shares of NYSE:GRND traded down $0.25 during mid-day trading on Tuesday, hitting $16.69. 1,762,130 shares of the company traded hands, compared to its average volume of 777,236. The stock has a 50-day moving average price of $17.53 and a two-hundred day moving average price of $15.33. Grindr Inc. has a 12-month low of $8.95 and a 12-month high of $19.20. The stock has a market cap of $3.47 billion, a P/E ratio of -47.67 and a beta of 0.30.

Institutional Trading of Grindr

Several institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in shares of Grindr by 1,277.8% in the 4th quarter. California State Teachers Retirement System now owns 24,511 shares of the company's stock worth $437,000 after buying an additional 22,732 shares during the last quarter. PharVision Advisers LLC purchased a new position in Grindr in the fourth quarter valued at about $248,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Grindr during the 4th quarter valued at approximately $884,000. Voloridge Investment Management LLC increased its stake in shares of Grindr by 251.8% during the 4th quarter. Voloridge Investment Management LLC now owns 451,000 shares of the company's stock worth $8,046,000 after purchasing an additional 322,792 shares during the last quarter. Finally, Woodline Partners LP purchased a new position in Grindr in the fourth quarter valued at approximately $7,436,000. Institutional investors own 7.22% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently weighed in on GRND. Citigroup restated an "outperform" rating on shares of Grindr in a research note on Thursday, March 6th. Raymond James reissued an "outperform" rating and issued a $22.00 price target on shares of Grindr in a research note on Thursday, March 6th. JMP Securities reissued a "market outperform" rating and set a $21.00 target price on shares of Grindr in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group started coverage on shares of Grindr in a research report on Monday, December 16th. They set a "buy" rating and a $20.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus 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.