GuruFocus - On September 6, 2024, Kye Chen, the Chief Accounting Officer of Grindr Inc (NYSE:GRND), sold 16,187 shares of the company, according to a recent SEC Filing. Following this transaction, the insider now owns 138,604 shares of Grindr Inc.
Grindr Inc operates as a mobile-focused social networking and online dating application for gay, bi, trans, and queer people. The platform allows users to create personal profiles and use their mobile devices location to find other users nearby.
Over the past year, the insider transaction history at Grindr Inc shows a trend with 3 insider buys and 12 insider sells. Specifically, the insider, Kye Chen, has sold a total of 16,187 shares and has not made any purchases in the past year.
On the day of the transaction, shares of Grindr Inc were trading at $11.68. The company has a market cap of approximately $2.057 billion. This valuation provides a snapshot of the company's market value, reflecting investor perceptions and the scale of the business.
For more detailed valuation metrics such as GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, investors and analysts can visit the respective links.
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