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WEST HOLLYWOOD, CA—Grindr Inc. (NYSE:GRND) Director and significant shareholder Lu James Fu Bin has recently executed substantial stock sales, according to a recent SEC filing. Over the course of two days, Lu sold a total of 397,636 shares of Grindr common stock, generating approximately $9,537,607 in proceeds. The transactions occurred on May 22 and May 23, with shares sold at a weighted average price ranging from $23.98 to $23.99. The sales come as Grindr’s stock trades near its 52-week high of $24.80, having delivered an impressive 157% return over the past year.
Following these transactions, Lu retains indirect ownership of 27,693,332 shares through Longview Grindr Holdings Limited, a holding company in which he exercises ultimate voting and investment power. Additionally, Lu directly holds 2,189 shares of Grindr stock.
These sales are part of Lu’s ongoing management of his investment in Grindr, where he serves as both a director and a ten percent owner.
In other recent news, Grindr reported its Q1 2025 earnings, revealing a revenue of $94 million, which fell short of the $95.66 million forecast. Despite missing the forecast, the company experienced a robust year-over-year revenue growth of 25%. Grindr’s management has raised its full-year 2025 revenue growth guidance to 26% or greater, driven by strong monetization and user engagement, particularly with the Right Now feature. The company is also planning to expand Right Now to additional cities and aims to launch over 40 new products and features throughout the year.
Goldman Sachs recently increased its price target for Grindr to $26, maintaining a Buy rating, reflecting confidence in the company’s strategic direction and growth prospects. The firm highlighted Grindr’s focus on product development and AI initiatives as key factors in its positive outlook. Grindr’s CEO, George Arison, emphasized the company’s commitment to innovation and the development of AI-native products to enhance user experience. Additionally, Grindr has entered the men’s health category with the Woodwork initiative, which is currently in initial testing phases.
Grindr’s Q1 financial highlights include an adjusted EBITDA of $41 million, representing a 43% margin, and a net income of $27 million, accounting for 29% of revenue. The company continues to invest in AI and product development, with plans for international expansion and direct payment integration to drive further growth. Analysts from Goldman Sachs noted the company’s strategic direction and product initiatives as key drivers for the raised price target and positive outlook.
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