Key Points
- James Fu Bin Lu sold 112,368 Grindr shares on Jan. 12 at an average price of $13.23 (≈$1.49M) and now owns just 4,455 shares, a 96.19% reduction in his position.
- Across multiple trades since November, he has sold roughly 1.6 million shares for about $22.3 million, signaling a near-complete exit by this major shareholder.
- Grindr trades on NYSE as GRND with a market cap of $2.43B, a negative PE, 12-month range of $11.73–$25.13, and a consensus analyst rating of Moderate Buy with a $22.50 target.
Grindr Inc. (NYSE:GRND - Get Free Report) major shareholder James Fu Bin Lu sold 112,368 shares of Grindr stock in a transaction on Monday, January 12th. The stock was sold at an average price of $13.23, for a total transaction of $1,486,628.64. Following the transaction, the insider owned 4,455 shares in the company, valued at approximately $58,939.65. This trade represents a 96.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
James Fu Bin Lu also recently made the following trade(s):
- On Friday, January 9th, James Fu Bin Lu sold 302,939 shares of Grindr stock. The stock was sold at an average price of $13.22, for a total value of $4,004,853.58.
- On Monday, January 5th, James Fu Bin Lu sold 92,071 shares of Grindr stock. The stock was sold at an average price of $13.53, for a total value of $1,245,720.63.
- On Monday, December 29th, James Fu Bin Lu sold 3,628 shares of Grindr stock. The shares were sold at an average price of $13.50, for a total value of $48,978.00.
- On Friday, December 26th, James Fu Bin Lu sold 43,994 shares of Grindr stock. The stock was sold at an average price of $13.51, for a total value of $594,358.94.
- On Tuesday, December 23rd, James Fu Bin Lu sold 100,000 shares of Grindr stock. The stock was sold at an average price of $13.80, for a total value of $1,380,000.00.
- On Tuesday, November 18th, James Fu Bin Lu sold 75,748 shares of Grindr stock. The shares were sold at an average price of $13.65, for a total value of $1,033,960.20.
- On Monday, November 17th, James Fu Bin Lu sold 4,316 shares of Grindr stock. The shares were sold at an average price of $14.01, for a total transaction of $60,467.16.
- On Friday, November 14th, James Fu Bin Lu sold 363,665 shares of Grindr stock. The stock was sold at an average price of $14.10, for a total transaction 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 transaction 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 transaction of $4,320,830.40.
Grindr Price Performance
Shares of NYSE GRND opened at $13.18 on Wednesday. The company has a market capitalization of $2.43 billion, a PE ratio of -35.62 and a beta of 0.23. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 3.73. Grindr Inc. has a twelve month low of $11.73 and a twelve month high of $25.13. The firm has a fifty day simple moving average of $13.55 and a 200 day simple moving average of $15.48.
Grindr (NYSE:GRND - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. Grindr had a positive return on equity of 80.21% and a negative net margin of 11.99%.The firm had revenue of $115.77 million during the quarter, compared to the consensus estimate of $113.53 million. During the same period last year, the business posted $0.09 EPS. The business's revenue was up 29.6% compared to the same quarter last year. On average, sell-side analysts forecast that Grindr Inc. will post 0.29 EPS for the current year.
Hedge Funds Weigh In On Grindr
Large investors have recently modified their holdings of the company. CWM LLC grew its position in Grindr by 28.7% in the 2nd quarter. CWM LLC now owns 2,476 shares of the company's stock valued at $56,000 after purchasing an additional 552 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Grindr by 2.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,878 shares of the company's stock valued at $517,000 after buying an additional 762 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Grindr by 41.7% during the second quarter. Ameritas Investment Partners Inc. now owns 3,407 shares of the company's stock valued at $77,000 after buying an additional 1,002 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Grindr by 8.0% during the second quarter. The Manufacturers Life Insurance Company now owns 14,634 shares of the company's stock worth $332,000 after acquiring an additional 1,086 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Grindr by 3.0% in the 1st quarter. Rhumbline Advisers now owns 43,043 shares of the company's stock worth $770,000 after acquiring an additional 1,272 shares during the last quarter. 7.22% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. Citizens Jmp dropped their price target on Grindr from $23.00 to $21.00 and set a "market outperform" rating on the stock in a research note on Monday, November 10th. Wall Street Zen downgraded shares of Grindr from a "buy" rating to a "hold" rating in a research report on Saturday, October 18th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Grindr in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Grindr currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.50.
Check Out Our Latest Stock Report on GRND
Grindr Company Profile
(
Get Free Report)
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.
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