Zachary Katz Sells 3,057 Shares of Grindr Inc. (NYSE:GRND) Stock

Grindr Inc. (NYSE:GRND) insider Zachary Katz sold 3,057 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $18.00, for a total value of $55,026.00. Following the transaction, the insider now owns 577,549 shares of the company’s stock, valued at $10,395,882. This trade represents a 0.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Monday, January 13th, Zachary Katz sold 3,058 shares of Grindr stock. The shares were sold at an average price of $16.40, for a total value of $50,151.20.

Grindr Price Performance

GRND stock opened at $18.27 on Friday. The firm has a market cap of $3.23 billion, a PE ratio of -52.21 and a beta of 0.30. Grindr Inc. has a 12 month low of $7.93 and a 12 month high of $18.70. The firm has a 50 day simple moving average of $17.38 and a 200 day simple moving average of $14.44.

Institutional Investors Weigh In On Grindr

A number of institutional investors and hedge funds have recently modified their holdings of GRND. nVerses Capital LLC acquired a new position in shares of Grindr in the 3rd quarter worth $27,000. Bleakley Financial Group LLC boosted its position in shares of Grindr by 9.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 27,188 shares of the company’s stock valued at $324,000 after purchasing an additional 2,371 shares during the period. Principal Financial Group Inc. purchased a new position in Grindr in the 3rd quarter worth about $365,000. Aigen Investment Management LP acquired a new stake in Grindr during the 3rd quarter worth about $225,000. Finally, Victory Capital Management Inc. purchased a new stake in Grindr during the third quarter valued at about $321,000. Institutional investors and hedge funds own 7.22% of the company’s stock.

Analyst Ratings Changes

GRND has been the topic of several research analyst reports. JMP Securities reissued a “market outperform” rating and set a $21.00 target price on shares of Grindr in a research note on Thursday, February 6th. The Goldman Sachs Group initiated coverage on shares of Grindr in a research note on Monday, December 16th. They set a “buy” rating and a $20.00 price objective on the stock. TD Cowen upped their target price on Grindr from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Raymond James reaffirmed an “outperform” rating and set a $21.00 price target (up from $19.00) on shares of Grindr in a research note on Friday, January 24th.

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.