Nathan Richardson Sells 5,234 Shares of Grindr Inc. (NYSE:GRND) Stock

by · The Cerbat Gem

Grindr Inc. (NYSE:GRND – Get Free Report) Director Nathan Richardson sold 5,234 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $15.00, for a total value of $78,510.00. Following the sale, the director now owns 27,408 shares of the company’s stock, valued at $411,120. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, November 11th, Nathan Richardson sold 4,766 shares of Grindr stock. The stock was sold at an average price of $15.00, for a total transaction of $71,490.00.
  • On Monday, October 14th, Nathan Richardson sold 1,000 shares of Grindr stock. The stock was sold at an average price of $12.68, for a total transaction of $12,680.00.

Grindr Stock Performance

Shares of GRND traded down $0.47 during mid-day trading on Tuesday, hitting $14.63. The company’s stock had a trading volume of 676,053 shares, compared to its average volume of 526,068. The stock’s 50-day moving average is $12.66 and its two-hundred day moving average is $11.48. Grindr Inc. has a one year low of $5.73 and a one year high of $15.21. The firm has a market capitalization of $2.57 billion, a PE ratio of -43.14 and a beta of 0.33.

Analyst Ratings Changes

A number of research firms have recently weighed in on GRND. TD Cowen lifted their price target on Grindr from $14.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Raymond James boosted their target price on Grindr from $16.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday. Finally, JMP Securities reissued a “market outperform” rating and set a $17.00 target price on shares of Grindr in a report on Monday, July 15th.

View Our Latest Stock Analysis on GRND

Institutional Trading of Grindr

Several institutional investors and hedge funds have recently made changes to their positions in GRND. Price T Rowe Associates Inc. MD boosted its stake in shares of Grindr by 16.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,796 shares of the company’s stock worth $120,000 after buying an additional 1,667 shares during the last quarter. Hsbc Holdings PLC raised its position in Grindr by 9.5% during the second quarter. Hsbc Holdings PLC now owns 23,632 shares of the company’s stock valued at $286,000 after purchasing an additional 2,050 shares in the last quarter. nVerses Capital LLC acquired a new position in Grindr during the third quarter valued at approximately $27,000. Bleakley Financial Group LLC increased its holdings in shares of Grindr by 9.6% during the third quarter. Bleakley Financial Group LLC now owns 27,188 shares of the company’s stock worth $324,000 after buying an additional 2,371 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Grindr by 10.5% in the third quarter. SG Americas Securities LLC now owns 64,816 shares of the company’s stock worth $773,000 after purchasing an additional 6,168 shares during the last quarter. Institutional investors own 7.22% of the company’s stock.

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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