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

Grindr Inc. (NYSE:GRND) insider Zachary Katz sold 3,057 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $18.00, for a total transaction of $55,026.00. Following the completion of the sale, the insider now owns 577,549 shares of the company’s stock, valued at approximately $10,395,882. The trade was a 0.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $16.40, for a total transaction of $50,151.20.

Grindr Trading Up 0.6 %

NYSE:GRND opened at $18.62 on Friday. The company has a fifty day moving average of $17.33 and a 200 day moving average of $14.39. Grindr Inc. has a 52 week low of $7.93 and a 52 week high of $18.70.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GRND. nVerses Capital LLC bought a new position in Grindr in the 3rd quarter worth $27,000. Bleakley Financial Group LLC raised its holdings in Grindr by 9.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 27,188 shares of the company’s stock worth $324,000 after purchasing an additional 2,371 shares in the last quarter. Principal Financial Group Inc. bought a new position in Grindr in the 3rd quarter worth $365,000. Aigen Investment Management LP bought a new position in Grindr in the 3rd quarter worth $225,000. Finally, Victory Capital Management Inc. bought a new position in Grindr in the 3rd quarter worth $321,000. 7.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GRND shares. The Goldman Sachs Group began coverage on shares of Grindr in a report on Monday, December 16th. They issued a “buy” rating and a $20.00 price objective for the company. JMP Securities reiterated a “market outperform” rating and set a $21.00 price target on shares of Grindr in a report on Thursday, February 6th. 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 report on Wednesday, November 6th. Finally, Raymond James reiterated an “outperform” rating and set a $21.00 price target (up from $19.00) on shares of Grindr in a report 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.