Grindr Inc. (NYSE:GRND) Insider Sells $50,151.20 in Stock

Grindr Inc. (NYSE:GRND) insider Zachary Katz sold 3,058 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $16.40, for a total transaction of $50,151.20. Following the completion of the sale, the insider now directly owns 580,606 shares in the company, valued at approximately $9,521,938.40. This represents a 0.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Zachary Katz also recently made the following trade(s):

• On Wednesday, November 13th, Zachary Katz sold 3,058 shares of Grindr stock. The stock was sold at an average price of $14.30, for a total value of $43,729.40.

Grindr Stock Down 0.0 %

NYSE GRND opened at $16.92 on Friday. The business has a 50 day simple moving average of $16.14 and a 200 day simple moving average of $13.55. Grindr Inc. has a one year low of $7.93 and a one year high of $18.42.

Institutional Trading of Grindr

Hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. bought a new position in Grindr during the second quarter worth $3,640,000. Hsbc Holdings PLC raised its holdings in shares of 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 during the period. XTX Topco Ltd acquired a new stake in shares of Grindr in the 2nd quarter valued at about $371,000. Sei Investments Co. bought a new stake in Grindr in the 2nd quarter valued at about $483,000. Finally, Yarra Square Partners LP acquired a new position in Grindr during the 2nd quarter worth approximately $3,005,000. Institutional investors own 7.22% of the company’s stock.

Analysts Set New Price Targets

GRND has been the subject of a number of analyst reports. Raymond James raised their price objective on Grindr from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. The Goldman Sachs Group assumed coverage on shares of Grindr in a report on Monday, December 16th. They set a “buy” rating and a $20.00 price target for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $21.00 price objective on shares of Grindr in a research note on Monday, December 16th. Finally, TD Cowen increased their price objective on shares of Grindr from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th.

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.