Grindr Inc. (NYSE:GRND – Get Free Report) insider Zachary Katz sold 3,058 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $16.23, for a total transaction of $49,631.34. Following the transaction, the insider now owns 613,800 shares in the company, valued at $9,961,974. This represents a 0.50 % decrease in their ownership of the stock. The transaction 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 Tuesday, February 11th, Zachary Katz sold 3,057 shares of Grindr stock. The stock was sold at an average price of $18.00, for a total transaction of $55,026.00.
- On Monday, January 13th, Zachary Katz sold 3,058 shares of Grindr stock. The stock was sold at an average price of $16.40, for a total value of $50,151.20.
Grindr Stock Performance
NYSE GRND traded down $0.15 during trading on Thursday, hitting $16.37. 2,241,584 shares of the company’s stock traded hands, compared to its average volume of 1,596,120. The business has a 50 day moving average of $17.59 and a 200-day moving average of $15.21. Grindr Inc. has a 12-month low of $8.95 and a 12-month high of $19.20. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of -46.76 and a beta of 0.30.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Grindr
Hedge Funds Weigh In On Grindr
Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its stake in Grindr by 31.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,655 shares of the company’s stock valued at $47,000 after purchasing an additional 642 shares in the last quarter. Quarry LP increased its position in Grindr by 209.2% in the fourth quarter. Quarry LP now owns 3,423 shares of the company’s stock worth $61,000 after purchasing an additional 2,316 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of 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 last quarter. KLP Kapitalforvaltning AS purchased a new stake in Grindr in the 4th quarter worth about $89,000. Finally, R Squared Ltd bought a new stake in Grindr during the 4th quarter valued at about $101,000. 7.22% of the stock is currently owned by institutional investors.
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.
Further Reading
- Five stocks we like better than Grindr
- What Are the U.K. Market Holidays? How to Invest and Trade
- 3 Undervalued Stocks You Can Buy at a Discount Now
- Differences Between Momentum Investing and Long Term Investing
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Receive News & Ratings for Grindr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grindr and related companies with MarketBeat.com's FREE daily email newsletter.