Zachary Katz Sells 3,058 Shares of Grindr Inc. (NYSE:GRND) Stock

Grindr Inc. (NYSE:GRND) insider Zachary Katz sold 3,058 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was 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 in the company, valued at approximately $9,521,938.40. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 %

Shares of Grindr stock opened at $16.92 on Friday. The firm’s 50 day moving average is $16.14 and its 200 day moving average is $13.55. Grindr Inc. has a 1 year low of $7.93 and a 1 year high of $18.42.

Analysts Set New Price Targets

Several research firms recently weighed in on GRND. The Goldman Sachs Group assumed coverage on shares of Grindr in a research report on Monday, December 16th. They set a “buy” rating and a $20.00 price objective for the company. TD Cowen upped their price target on shares of Grindr from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Raymond James lifted their price objective 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. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $21.00 target price on shares of Grindr in a report on Monday, December 16th.

Institutional Trading of Grindr

A number of hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. increased its holdings in shares of Grindr by 219.9% during the third quarter. Point72 Asset Management L.P. now owns 179,800 shares of the company’s stock worth $2,145,000 after buying an additional 123,600 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Grindr by 10.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 191,686 shares of the company’s stock worth $2,287,000 after acquiring an additional 17,678 shares during the last quarter. Yarra Square Partners LP acquired a new position in Grindr in the 2nd quarter worth about $3,005,000. Graypoint LLC bought a new position in Grindr in the fourth quarter valued at about $1,211,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Grindr during the third quarter valued at about $365,000. Institutional investors and hedge funds own 7.22% of the company’s stock.

Grindr Company 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.