James Fu Bin Lu Sells 600,000 Shares of Grindr (NYSE:GRND) Stock

Grindr Inc. (NYSE:GRND) major shareholder James Fu Bin Lu sold 600,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $10.07, for a total transaction of $6,042,000.00. Following the completion of the transaction, the insider directly owned 18,907,101 shares of the company’s stock, valued at approximately $190,394,507.07. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more 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 Friday, February 6th, James Fu Bin Lu sold 475,000 shares of Grindr stock. The shares were sold at an average price of $10.01, for a total value of $4,754,750.00.
• On Wednesday, February 4th, James Fu Bin Lu sold 375,000 shares of Grindr stock. The stock was sold at an average price of $10.13, for a total value of $3,798,750.00.
• 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 Monday, February 2nd, James Fu Bin Lu sold 178,427 shares of Grindr stock. The stock was sold at an average price of $11.14, for a total transaction of $1,987,676.78.
• 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 stock was 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 stock was sold at an average price of $11.97, for a total value 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 transaction 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.

Grindr Trading Up 3.0%

NYSE:GRND opened at $10.22 on Friday. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.82 and a quick ratio of 0.82. Grindr Inc. has a fifty-two week low of $9.73 and a fifty-two week high of $25.13. The business’s 50-day simple moving average is $12.75 and its 200-day simple moving average is $14.27. The stock has a market capitalization of $1.89 billion, a PE ratio of -27.63 and a beta of 0.22.

Grindr (NYSE:GRND) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $115.77 million during the quarter, compared to analysts’ expectations of $113.53 million. Grindr had a negative net margin of 11.99% and a positive return on equity of 80.21%. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. Sell-side analysts expect that Grindr Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen downgraded Grindr from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Grindr in a research report on Monday, December 29th. Finally, Citizens Jmp reduced their target price 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. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

Institutional Investors Weigh In On Grindr

Several large investors have recently made changes to their positions in GRND. Covestor Ltd grew its stake in shares of Grindr by 49,170.0% in the fourth quarter. Covestor Ltd now owns 4,927 shares of the company’s stock valued at $67,000 after buying an additional 4,917 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Grindr in the fourth quarter valued at $158,000. CWM LLC lifted its stake in Grindr by 713.8% in the fourth quarter. CWM LLC now owns 2,946 shares of the company’s stock valued at $40,000 after acquiring an additional 2,584 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Grindr in the 4th quarter valued at about $148,000. Finally, Fortitude Family Office LLC increased its stake in shares of Grindr by 398.2% during the 4th quarter. Fortitude Family Office LLC now owns 4,509 shares of the company’s stock worth $61,000 after purchasing an additional 3,604 shares during the last quarter. Institutional investors and hedge funds own 7.22% of the company’s stock.

Key Stories Impacting Grindr

Here are the key news stories impacting Grindr this week:

• Positive Sentiment: Earnings and revenue beat recent estimates: Grindr reported an EPS beat and ~30% year-over-year revenue growth in its last quarterly report, which supports a higher valuation despite negative net margin. Higher-than-average intraday volume also suggests buyer interest. Grindr stock and recent results on MarketBeat
• Neutral Sentiment: Analyst mix is tilted toward buy: consensus is a “Moderate Buy” with a mean target around $22.50, implying substantial upside from current levels; some shops remain cautious. Institutional ownership remains limited (~7% reported), so large moves can be driven by concentrated holders. MarketBeat analyst/institutional summary
• Negative Sentiment: Major insider selling from a >10% holder: James Fu Bin Lu has sold repeatedly between Jan 12 and Feb 6 (multiple transactions totaling roughly 3.0M shares, or about $33M in proceeds across the disclosed trades). Repeated sales by a large shareholder can weigh on sentiment and create selling pressure, even if they reflect personal liquidity needs rather than views on fundamentals. Grindr insider selling alert (InsiderTrades)
• Negative Sentiment: Balance sheet/metrics to monitor: the company shows a high debt-to-equity ratio and a negative net margin; these raise sensitivity to slower growth or higher interest costs and are potential downside risks if growth decelerates. Grindr financial snapshot (MarketBeat)

About Grindr

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.