Key Points
- James Fu Bin Lu, a major Grindr shareholder, sold 234,339 shares on Feb. 3 at an average price of $10.73 for $2.51 million, lowering his stake to 19,882,101 shares (a 1.16% decrease), as disclosed in an SEC filing.
- That sale is part of a string of large disposals since late December—multiple trades including 302,939 shares on Jan. 9 and several ~200k-share lots—generating millions in proceeds at prices roughly between $10.73 and $13.53.
- For context, GRND shares opened at about $10.49 (12‑month low $10.44), the company has a market cap of ~$1.94 billion and a negative PE (-28.34), while analysts’ consensus is a “Moderate Buy” with an average price target of $22.50.
Grindr Inc. (NYSE:GRND - Get Free Report) major shareholder James Fu Bin Lu sold 178,427 shares of the company's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $11.14, for a total transaction of $1,987,676.78. Following the sale, the insider directly owned 20,116,440 shares of the company's stock, valued at $224,097,141.60. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
James Fu Bin Lu also recently made the following trade(s):
- On Tuesday, February 3rd, James Fu Bin Lu sold 234,339 shares of Grindr stock. The stock was sold at an average price of $10.73, for a total value of $2,514,457.47.
- On Friday, January 30th, James Fu Bin Lu sold 200,000 shares of Grindr stock. The stock was sold at an average price of $11.27, for a total transaction of $2,254,000.00.
- On Tuesday, January 27th, James Fu Bin Lu sold 200,000 shares of Grindr stock. The shares were sold at an average price of $11.74, for a total transaction of $2,348,000.00.
- On Monday, January 26th, James Fu Bin Lu sold 239,000 shares of Grindr stock. The shares were sold at an average price of $11.97, for a total transaction of $2,860,830.00.
- On Thursday, January 22nd, James Fu Bin Lu sold 200,000 shares of Grindr stock. The stock was sold at an average price of $11.98, for a total transaction of $2,396,000.00.
- On Tuesday, January 20th, James Fu Bin Lu sold 200,000 shares of Grindr stock. The shares were sold at an average price of $12.06, for a total value of $2,412,000.00.
- On Monday, January 12th, James Fu Bin Lu sold 112,368 shares of Grindr stock. The stock was sold at an average price of $13.23, for a total value of $1,486,628.64.
- On Friday, January 9th, James Fu Bin Lu sold 302,939 shares of Grindr stock. The shares were 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 shares were 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 transaction of $48,978.00.
Grindr Trading Down 4.7%
Shares of NYSE:GRND opened at $10.49 on Wednesday. The firm has a fifty day moving average price of $12.91 and a 200 day moving average price of $14.44. Grindr Inc. has a 1 year low of $10.44 and a 1 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 stock has a market capitalization of $1.94 billion, a PE ratio of -28.34 and a beta of 0.22.
Grindr (NYSE:GRND - Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share (EPS) 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 analysts' expectations of $113.53 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company's revenue was up 29.6% on a year-over-year basis. Analysts expect that Grindr Inc. will post 0.29 EPS for the current fiscal year.
More Grindr News
Here are the key news stories impacting Grindr this week:
- Positive Sentiment: Recent quarterly results showed revenue and EPS upside versus expectations (revenue +29.6% YoY; $0.16 EPS vs. $0.12 consensus), which supports the company’s near-term growth story. Read More.
- Neutral Sentiment: Analyst coverage is mixed but tilted slightly positive: five Buys, one Sell, average price target roughly $22.50 — signaling upside potential if fundamentals and sentiment improve. Read More.
- Negative Sentiment: Major shareholder James Fu Bin Lu sold 234,339 shares on Feb 3 (~$2.5M at ~$10.73), reducing his stake; this is the latest in a series of large block sales over January–early February, increasing supply and signaling insider cashing out. Read More.
- Negative Sentiment: Market reaction: the stock hit a new 52-week low following the insider sales, reflecting short-term investor concern about continued insider dispositions and weak demand at higher levels. Read More.
- Negative Sentiment: Technical and liquidity headwinds — price is trading well below the 50‑day ($12.91) and 200‑day ($14.44) moving averages, and current/quick ratios are below 1 while debt/equity is high (3.73), increasing sensitivity to funding/earnings shocks. Read More.
- Neutral Sentiment: Institutional ownership is relatively low (~7.2%), so reduced insider support and limited institutional buying may amplify sell pressure until clearer catalysts appear. Read More.
Institutional Trading of Grindr
Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in Grindr by 289.1% during the 1st quarter. AQR Capital Management LLC now owns 88,134 shares of the company's stock worth $1,578,000 after acquiring an additional 65,485 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Grindr by 2.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,878 shares of the company's stock worth $517,000 after purchasing an additional 762 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Grindr during the second quarter valued at approximately $228,000. Ascent Group LLC increased its holdings in shares of Grindr by 42.1% in the second quarter. Ascent Group LLC now owns 20,791 shares of the company's stock valued at $472,000 after purchasing an additional 6,158 shares in the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in 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. 7.22% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages recently issued reports on GRND. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Grindr in a research report on Monday, December 29th. Citizens Jmp reduced their price objective on shares of Grindr from $23.00 to $21.00 and set a "market outperform" rating for the company in a report on Monday, November 10th. Finally, Wall Street Zen cut shares of Grindr from a "buy" rating to a "hold" rating in a research note on Saturday, October 18th. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.50.
Check Out Our Latest Report on Grindr
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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