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

Grindr Inc. (NYSE:GRND) Director Nathan Richardson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $18.40, for a total value of $18,400.00. Following the completion of the sale, the director now directly owns 16,642 shares of the company’s stock, valued at approximately $306,212.80. This represents a 5.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $16.34, for a total transaction of $16,340.00.

Grindr Stock Up 0.2 %

Shares of Grindr stock opened at $18.92 on Thursday. The company’s fifty day simple moving average is $17.69 and its two-hundred day simple moving average is $16.21. Grindr Inc. has a 12-month low of $8.95 and a 12-month high of $19.20. The firm has a market cap of $3.94 billion, a PE ratio of -54.06 and a beta of 0.31.

Institutional Trading of Grindr

Several large investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in Grindr by 1.2% in the 4th quarter. Bank of New York Mellon Corp now owns 52,887 shares of the company’s stock worth $944,000 after buying an additional 623 shares during the period. Russell Investments Group Ltd. lifted its stake in 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. GAMMA Investing LLC boosted its holdings in Grindr by 45.5% in 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 in the last quarter. The Manufacturers Life Insurance Company increased its position in Grindr by 9.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,682 shares of the company’s stock valued at $163,000 after purchasing an additional 1,166 shares during the period. Finally, Rhumbline Advisers raised its holdings in Grindr by 3.0% in the 1st quarter. Rhumbline Advisers now owns 43,043 shares of the company’s stock worth $770,000 after purchasing an additional 1,272 shares in the last quarter. 7.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on GRND shares. JMP Securities reiterated a “market outperform” rating and issued a $21.00 target price on shares of Grindr in a research report on Thursday, February 6th. Raymond James reiterated an “outperform” rating and issued a $22.00 price objective on shares of Grindr in a report on Thursday, March 6th. Finally, Citigroup restated an “outperform” rating on shares of Grindr in a report on Thursday, March 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $20.00.

About Grindr

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.