Grindr CEO George Arison Sells 175,000 Shares
George Arison, CEO of Grindr, sold 175,000 shares of the company on June 16.
Key Points
- George Arison, CEO of Grindr, sold 175,000 shares of the company on June 16, with no planned transaction code.
- Grindr's stock is trading at $13.36, with a market cap of $2.36 billion and a P/E ratio of 28.87.
- BlackRock reduced its holdings in Grindr by 513,111 shares, while Citadel Advisors significantly increased its position.
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George Arison, the Chief Executive Officer of Grindr Inc. (NYSE:GRND), sold 175,000 shares of the company on June 16, 2026. This transaction was not part of a pre-arranged trading plan. Grindr's stock is currently trading at $13.36.
Insider Buying and Selling at Grindr Inc.
George Arison, Grindr's CEO, sold 175,000 shares on June 16, 2026. This sale was not planned under Rule 10b5-1, meaning it wasn't part of a pre-scheduled trading plan. On the other hand, several insiders, including Fadi Hanna and Robert Solomon, bought shares earlier in the month on June 2, indicating varied insider activity.
Other Institutional Activity in Grindr
In recent institutional activity, BlackRock, Inc. reduced its holdings in Grindr by 513,111 shares, leaving it with 3,733,139 shares valued at about $45.1 million. Meanwhile, Citadel Advisors LLC significantly increased its position by adding 1,810,733 shares, bringing its total to 1,864,925 shares worth approximately $22.5 million. Quinn Opportunity Partners LLC also expanded its stake by 339,897 shares, ending with 1,858,700 shares valued at around $22.5 million.
Grindr Inc. Stock Down 14.8%
Shares of Grindr Inc. (NYSE:GRND) are trading at approximately $13.36. The company has a market capitalization of $2.36 billion and a P/E ratio of 28.87. Grindr's stock has seen a 52-week low of $9.73 and a high of $23.25. The 50-day moving average is $12.90, while the 200-day moving average stands at $13.05. The company's current ratio is 1.32, with a quick ratio of 1.18 and a debt-to-equity ratio of a high 47077.
$GRND stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Grindr reported revenue of $475.9 million, showing a growth of 38.3%. The company's net margin is 19.85%, and it has a return on equity of 58.93%. Grindr's earnings per share (EPS) is $0.46. The next earnings report is expected on August 6, 2026.
Analysts Set New Price Targets
On March 2, 2026, Goldman Sachs maintained its buy rating for Grindr with a price target of $17. TD Cowen also maintained a buy rating on February 24, 2026, with a target of $22. Morgan Stanley initiated coverage with a hold rating and a $14 target on the same day. The consensus target price is $18.20, based on five analyst opinions.
About Grindr Inc.
Grindr Inc. is a technology company that operates a social networking and dating application tailored for the LGBTQ community. The company provides a platform for gay, bisexual, and sexually explorative adults worldwide. Grindr offers both an ad-supported service and a premium subscription version. Founded in 2009, Grindr is headquartered in West Hollywood, California, and led by CEO George Arison. The company has about 176 employees.
Bottom Line
Grindr's CEO George Arison's recent sale of 175,000 shares comes as the company continues to perform with a strong market position. Investors and analysts keep a close watch on insider activities like these, as they can sometimes provide insights into a company's future. However, it's important to remember that such transactions are often made for personal reasons unrelated to the company's prospects.
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