James Fu Bin Lu Sells 4,316 Shares of Grindr (NYSE:GRND) Stock

Grindr Inc. (NYSE:GRND) major shareholder James Fu Bin Lu sold 4,316 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $14.01, for a total transaction of $60,467.16. Following the completion of the transaction, the insider directly owned 22,464,615 shares in the company, valued at $314,729,256.15. The trade was a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

James Fu Bin Lu also recently made the following trade(s):

• On Tuesday, November 18th, James Fu Bin Lu sold 75,748 shares of Grindr stock. The stock was sold at an average price of $13.65, for a total transaction of $1,033,960.20.
• On Friday, November 14th, James Fu Bin Lu sold 363,665 shares of Grindr stock. The shares were sold at an average price of $14.10, for a total value of $5,127,676.50.
• On Thursday, November 13th, James Fu Bin Lu sold 205,579 shares of Grindr stock. The shares were sold at an average price of $14.45, for a total value of $2,970,616.55.
• On Wednesday, November 12th, James Fu Bin Lu sold 291,948 shares of Grindr stock. The stock was sold at an average price of $14.80, for a total value of $4,320,830.40.
• On Tuesday, November 11th, James Fu Bin Lu sold 558,744 shares of Grindr stock. The shares were sold at an average price of $14.99, for a total value of $8,375,572.56.
• On Friday, October 17th, James Fu Bin Lu sold 250,000 shares of Grindr stock. The shares were sold at an average price of $13.13, for a total value of $3,282,500.00.
• On Wednesday, October 15th, James Fu Bin Lu sold 400,000 shares of Grindr stock. The stock was sold at an average price of $12.96, for a total value of $5,184,000.00.
• On Monday, October 13th, James Fu Bin Lu sold 350,000 shares of Grindr stock. The shares were sold at an average price of $12.95, for a total transaction of $4,532,500.00.
• On Friday, October 10th, James Fu Bin Lu sold 300,000 shares of Grindr stock. The stock was sold at an average price of $11.94, for a total transaction of $3,582,000.00.
• On Thursday, October 9th, James Fu Bin Lu sold 1,000,000 shares of Grindr stock. The stock was sold at an average price of $13.15, for a total transaction of $13,150,000.00.

Grindr Price Performance

GRND stock opened at $13.97 on Wednesday. The firm has a market cap of $2.58 billion, a P/E ratio of -37.74 and a beta of 0.22. The firm’s fifty day moving average is $14.35 and its 200 day moving average is $18.32. Grindr Inc. has a 52 week low of $11.73 and a 52 week high of $25.13. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.82 and a current ratio of 0.82.

Grindr (NYSE:GRND) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. Grindr had a negative net margin of 11.99% and a positive return on equity of 80.21%. The business had revenue of $115.77 million during the quarter, compared to the consensus estimate of $113.53 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s revenue for the quarter was up 29.6% on a year-over-year basis. Grindr has set its FY 2025 guidance at EPS. Research analysts predict that Grindr Inc. will post 0.29 earnings per share for the current year.

Institutional Trading of Grindr

Large investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. raised its holdings in Grindr by 327.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,381,211 shares of the company’s stock worth $20,746,000 after purchasing an additional 1,058,084 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Grindr by 144.0% during the third quarter. Qube Research & Technologies Ltd now owns 1,043,577 shares of the company’s stock valued at $15,675,000 after buying an additional 615,900 shares during the period. Prelude Capital Management LLC bought a new position in Grindr in the third quarter worth about $249,000. Mariner LLC lifted its holdings in Grindr by 49.2% in the third quarter. Mariner LLC now owns 19,108 shares of the company’s stock worth $287,000 after buying an additional 6,305 shares during the period. Finally, Moore Capital Management LP boosted its position in Grindr by 43.0% during the 3rd quarter. Moore Capital Management LP now owns 322,102 shares of the company’s stock valued at $4,838,000 after acquiring an additional 96,934 shares in the last quarter. Institutional investors own 7.22% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on GRND. Weiss Ratings restated a “sell (d-)” rating on shares of Grindr in a research report on Wednesday, October 8th. Citizens Jmp cut their target price on shares of Grindr from $23.00 to $21.00 and set a “market outperform” rating on the stock in a report on Monday, November 10th. JMP Securities lowered their price target on shares of Grindr from $27.00 to $23.00 and set a “market outperform” rating for the company in a report on Monday, August 11th. Raymond James Financial dropped their price target on shares of Grindr from $26.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, Wall Street Zen cut shares of Grindr from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.50.

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.