Grindr Inc. (NYSE:GRND – Get Free Report) CAO Kye Chen sold 4,964 shares of Grindr stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $11.81, for a total transaction of $58,624.84. Following the sale, the chief accounting officer now owns 130,598 shares in the company, valued at approximately $1,542,362.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Kye Chen also recently made the following trade(s):
- On Monday, October 7th, Kye Chen sold 4,964 shares of Grindr stock. The shares were sold at an average price of $11.81, for a total transaction of $58,624.84.
- On Friday, September 6th, Kye Chen sold 16,187 shares of Grindr stock. The shares were sold at an average price of $11.68, for a total transaction of $189,064.16.
Grindr Stock Performance
NYSE GRND traded down $0.15 on Wednesday, hitting $12.77. 549,983 shares of the stock were exchanged, compared to its average volume of 528,116. The stock has a fifty day moving average price of $11.87 and a two-hundred day moving average price of $10.93. The firm has a market capitalization of $2.25 billion, a P/E ratio of -71.27 and a beta of 0.35. Grindr Inc. has a 52-week low of $5.71 and a 52-week high of $13.25.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Raymond James raised their target price on shares of Grindr from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. JMP Securities reissued a “market outperform” rating and issued a $17.00 target price on shares of Grindr in a report on Monday, July 15th. Finally, TD Cowen raised their target price on shares of Grindr from $12.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, June 27th.
Get Our Latest Report on Grindr
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Grindr by 16.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,796 shares of the company’s stock valued at $120,000 after purchasing an additional 1,667 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Grindr during the second quarter valued at $136,000. Quest Partners LLC boosted its stake in shares of Grindr by 9,055.0% during the second quarter. Quest Partners LLC now owns 12,817 shares of the company’s stock valued at $157,000 after purchasing an additional 12,677 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Grindr during the second quarter valued at $189,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Grindr during the first quarter valued at $209,000. 7.22% of the stock is owned by hedge funds and other 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.
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