Grindr (NYSE:GRND) Major Shareholder James Fu Bin Lu Sells 178,427 Shares

Grindr Inc. (NYSE:GRND) major shareholder James Fu Bin Lu sold 178,427 shares of the firm’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 completion of the sale, the insider owned 20,116,440 shares of the company’s stock, valued at $224,097,141.60. This trade represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares 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 value 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 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 shares were sold at an average price of $13.53, for a total transaction of $1,245,720.63.
• On Monday, December 29th, James Fu Bin Lu sold 3,628 shares of Grindr stock. The stock was sold at an average price of $13.50, for a total transaction of $48,978.00.

Grindr Price Performance

Shares of Grindr stock opened at $10.49 on Wednesday. The business’s fifty day moving average price is $12.91 and its 200 day moving average price is $14.44. Grindr Inc. has a twelve month low of $10.44 and a twelve month 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 P/E ratio of -28.34 and a beta of 0.22.

Grindr (NYSE:GRND) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.16 EPS 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 positive return on equity of 80.21% and a negative net margin of 11.99%.The firm’s revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 earnings per share. As a group, research analysts anticipate that Grindr Inc. will post 0.29 earnings per share for the current 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.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GRND. Caitong International Asset Management Co. Ltd bought a new stake in shares of Grindr during the 3rd quarter worth about $26,000. EverSource Wealth Advisors LLC boosted its stake in Grindr by 1,473.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,479 shares of the company’s stock valued at $34,000 after buying an additional 1,385 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Grindr during the second quarter worth about $39,000. CWM LLC boosted its holdings in Grindr by 713.8% during the fourth quarter. CWM LLC now owns 2,946 shares of the company’s stock worth $40,000 after buying an additional 2,584 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in Grindr by 190.7% in the third quarter. Aster Capital Management DIFC Ltd now owns 3,793 shares of the company’s stock worth $57,000 after buying an additional 2,488 shares during the last quarter. Institutional investors and hedge funds own 7.22% of the company’s stock.

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.