James Fu Bin Lu Sells 475,000 Shares of Grindr (NYSE:GRND) Stock

Grindr Inc. (NYSE:GRND) major shareholder James Fu Bin Lu sold 475,000 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $10.01, for a total value of $4,754,750.00. Following the transaction, the insider directly owned 18,432,101 shares of the company’s stock, valued at approximately $184,505,331.01. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

James Fu Bin Lu also recently made the following trade(s):

• On Thursday, February 5th, James Fu Bin Lu sold 600,000 shares of Grindr stock. The stock was sold at an average price of $10.07, for a total value of $6,042,000.00.
• 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 shares were 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 shares were 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 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 stock was 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 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%

Shares of NYSE GRND opened at $10.22 on Friday. Grindr Inc. has a 1-year low of $9.73 and a 1-year high of $25.13. The company has a debt-to-equity ratio of 3.73, a current ratio of 0.82 and a quick ratio of 0.82. The business’s 50 day moving average is $12.75 and its two-hundred day moving average is $14.27. The stock has a market capitalization of $1.89 billion, a P/E ratio of -27.63 and a beta of 0.22.

Grindr (NYSE:GRND) last announced its earnings results on Thursday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $115.77 million during the quarter, compared to analysts’ expectations of $113.53 million. Grindr had a positive return on equity of 80.21% and a negative net margin of 11.99%.The company’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. As a group, research analysts expect that Grindr Inc. will post 0.29 EPS for the current year.

Grindr News Roundup

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)

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Grindr from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Grindr in a report on Monday, December 29th. Finally, Citizens Jmp reduced their price objective on shares of Grindr from $23.00 to $21.00 and set a “market outperform” rating on the stock in a research report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Grindr has a consensus rating of “Moderate Buy” and an average price target of $22.50.

Institutional Investors Weigh In On Grindr

Several large investors have recently added to or reduced their stakes in the stock. CWM LLC increased its holdings in Grindr by 28.7% during the second quarter. CWM LLC now owns 2,476 shares of the company’s stock valued at $56,000 after buying an additional 552 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Grindr by 41.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,407 shares of the company’s stock valued at $77,000 after acquiring an additional 1,002 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Grindr by 8.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,634 shares of the company’s stock valued at $332,000 after acquiring an additional 1,086 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Grindr by 1,473.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,479 shares of the company’s stock worth $34,000 after acquiring an additional 1,385 shares in the last quarter. 7.22% of the stock is owned by hedge funds and other institutional investors.

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.