Insider Selling: Grindr (NYSE:GRND) Director Sells 1,500 Shares of Stock

Grindr Inc. (NYSE:GRND) Director Nathan Richardson sold 1,500 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $11.18, for a total value of $16,770.00. Following the completion of the sale, the director directly owned 12,833 shares in the company, valued at approximately $143,472.94. This represents a 10.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Nathan Richardson also recently made the following trade(s):

• On Friday, January 2nd, Nathan Richardson sold 1,500 shares of Grindr stock. The stock was sold at an average price of $13.66, for a total value of $20,490.00.
• On Monday, December 1st, Nathan Richardson sold 1,500 shares of Grindr stock. The shares were sold at an average price of $12.70, for a total transaction of $19,050.00.
• On Tuesday, November 18th, Nathan Richardson sold 1,500 shares of Grindr stock. The stock was sold at an average price of $13.55, for a total transaction of $20,325.00.
• On Friday, November 14th, Nathan Richardson sold 485 shares of Grindr stock. The stock was sold at an average price of $14.03, for a total transaction of $6,804.55.

Grindr Price Performance

GRND stock traded down $0.16 during trading on Wednesday, hitting $10.33. 2,838,890 shares of the stock traded hands, compared to its average volume of 1,481,447. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -27.92 and a beta of 0.22. Grindr Inc. has a one year low of $9.95 and a one year high of $25.13. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 3.73. The company has a 50 day simple moving average of $12.91 and a 200 day simple moving average of $14.44.

Grindr (NYSE:GRND) last posted its quarterly earnings data 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. The company had revenue of $115.77 million during the quarter, compared to analyst estimates of $113.53 million. Grindr had a negative net margin of 11.99% and a positive return on equity of 80.21%. The company’s revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. Equities analysts expect that Grindr Inc. will post 0.29 EPS for the current fiscal year.

Key Grindr News

Here are the key news stories impacting Grindr this week:

• Positive Sentiment: Quarterly beat — Grindr reported stronger-than-expected results (revenue +29.6% YoY; $0.16 EPS vs. $0.12 consensus), supporting the company’s growth narrative and providing a fundamental upside case for investors. MarketBeat GRND coverage
• Neutral Sentiment: Analyst mix — Consensus rating is a “Moderate Buy” (five Buys, one Sell) with an average price target around $22.50, implying material upside if momentum or fundamentals improve. Analyst notes
• Neutral Sentiment: Director sale (small) — Director Nathan Richardson sold 1,500 shares (~$16.8k), a modest reduction in his stake; disclosed in an SEC Form 4 filing. This is small relative to recent block trades. SEC Form 4
• Negative Sentiment: Major insider liquidation — James Fu Bin Lu (a >10% holder) continued a series of large sales (most recently 234,339 shares on Feb 3 and 178,427 shares on Feb 2), raising supply pressure and signaling insider cashing out. InsiderTrades report
• Negative Sentiment: Market reaction & technicals — The stock hit a new 52‑week low after the insider sales; price is trading below the 50‑ and 200‑day moving averages, volume has spiked versus average, and balance-sheet metrics (current/quick ratios <1, debt/equity ~3.7) increase sensitivity to any earnings or funding shocks. 52‑week low story

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. AQR Capital Management LLC raised its stake in shares of Grindr by 289.1% during the first quarter. AQR Capital Management LLC now owns 88,134 shares of the company’s stock worth $1,578,000 after buying an additional 65,485 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Grindr by 2.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,878 shares of the company’s stock valued at $517,000 after acquiring an additional 762 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Grindr in the 2nd quarter valued at $228,000. Ascent Group LLC boosted its position in shares of Grindr by 42.1% in the 2nd quarter. Ascent Group LLC now owns 20,791 shares of the company’s stock worth $472,000 after purchasing an additional 6,158 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Grindr by 46.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 7,300 shares of the company’s stock worth $166,000 after purchasing an additional 2,300 shares during the last quarter. Institutional investors own 7.22% of the company’s stock.

Analyst Ratings Changes

GRND has been the subject of a number of research reports. Wall Street Zen lowered Grindr from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Grindr in a report on Monday, December 29th. Finally, Citizens Jmp dropped their target price on shares of Grindr from $23.00 to $21.00 and set a “market outperform” rating for the company in a research note on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.50.

Grindr Company Profile

Grindr, trading on the NYSE under the ticker symbol GRND, operates a global social networking and dating platform designed primarily for gay, bisexual, transgender and queer (GBTQ) individuals. The company’s core offering is a location-based mobile application that enables users to connect, chat and share content with others in their vicinity. Through its free tier and premium subscription services—known as Grindr XTRA and Grindr Unlimited—Grindr provides enhanced features such as ad-free browsing, advanced filters and unlimited profile views, catering to a broad spectrum of user needs.

Originally launched in 2009 by entrepreneur Joel Simkhai, Grindr was one of the first mobile apps to leverage geolocation technology for social networking.