Barclays PLC Has $865,000 Stock Position in Grindr Inc. (NYSE:GRND)

Barclays PLC grew its stake in shares of Grindr Inc. (NYSE:GRND) by 106.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,580 shares of the company’s stock after purchasing an additional 37,477 shares during the period. Barclays PLC’s holdings in Grindr were worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Marshall Wace LLP increased its position in shares of Grindr by 124.0% during the second quarter. Marshall Wace LLP now owns 627,879 shares of the company’s stock worth $7,685,000 after acquiring an additional 347,626 shares in the last quarter. Skye Global Management LP boosted its stake in Grindr by 23.3% in the third quarter. Skye Global Management LP now owns 592,000 shares of the company’s stock valued at $7,063,000 after acquiring an additional 112,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in Grindr by 7.5% in the third quarter. Geode Capital Management LLC now owns 514,520 shares of the company’s stock valued at $6,139,000 after acquiring an additional 36,001 shares during the last quarter. Federated Hermes Inc. purchased a new position in Grindr in the second quarter valued at about $3,640,000. Finally, Squarepoint Ops LLC boosted its stake in Grindr by 264.4% in the second quarter. Squarepoint Ops LLC now owns 260,814 shares of the company’s stock valued at $3,192,000 after acquiring an additional 189,237 shares during the last quarter. Institutional investors and hedge funds own 7.22% of the company’s stock.

Grindr Price Performance

NYSE GRND opened at $16.91 on Thursday. Grindr Inc. has a 1 year low of $7.93 and a 1 year high of $18.42. The stock has a market capitalization of $2.99 billion, a PE ratio of -48.31 and a beta of 0.31. The company’s 50 day simple moving average is $16.09 and its two-hundred day simple moving average is $13.52.

Insiders Place Their Bets

In other news, insider Zachary Katz sold 3,058 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $16.40, for a total value of $50,151.20. Following the transaction, the insider now owns 580,606 shares of the company’s stock, valued at $9,521,938.40. This represents a 0.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Nathan Richardson sold 5,234 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $15.00, for a total transaction of $78,510.00. Following the completion of the transaction, the director now directly owns 27,408 shares in the company, valued at $411,120. The trade was a 16.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,398,000 shares of company stock worth $36,286,952 in the last three months. 76.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on GRND shares. TD Cowen upped their price target on shares of Grindr from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Raymond James upped their price target on shares of Grindr from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. JMP Securities restated a “market outperform” rating and set a $21.00 price target on shares of Grindr in a research note on Monday, December 16th. Finally, The Goldman Sachs Group started coverage on shares of Grindr in a research note on Monday, December 16th. They set a “buy” rating and a $20.00 price target on the stock.

Grindr 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.