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Zachary Katz, Grindr Inc.’s (NYSE:GRND) General Counsel and Head of Global Affairs, recently sold a portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Katz sold a total of 3,058 shares of common stock on March 11, 2025. The transactions occurred at weighted average prices ranging from $16.07 to $16.42 per share, amounting to a total sale value of approximately $49,617. The sale comes as Grindr’s stock has shown remarkable strength, with a 61.49% return over the past year and current market capitalization of $3.38 billion.
These sales were conducted under a pre-established Rule 10b5-1 trading plan, which Katz adopted in August 2024. Following the transactions, Katz retains ownership of 613,800 shares in Grindr. The sales were executed in multiple transactions, with prices ranging from $15.31 to $16.54 per share. According to InvestingPro analysis, Grindr is currently trading above its Fair Value, with strong revenue growth of 32.71% in the last twelve months. For deeper insights into Grindr’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Grindr reported strong financial results for the fourth quarter of 2024, with revenue reaching $98 million, a 35% increase from the previous year, surpassing expectations by $7 million. The company’s full-year revenue was $345 million, marking a 33% year-over-year growth. Grindr also announced a new $500 million share repurchase program, indicating a focus on returning capital to shareholders. Analyst firms have reacted positively, with Goldman Sachs maintaining a Buy rating and Raymond (NSE:RYMD) James upgrading the stock target to $22, citing the company’s operational excellence and strategic initiatives.
Grindr’s management has outlined ambitious goals for 2025, including a focus on product innovation and expanding its engineering team. The company is also investing in AI technology to enhance its offerings. Despite these positive developments, Grindr’s stock experienced a decline in after-hours trading, reflecting potential investor concerns about future growth prospects.
Analysts from Raymond James highlighted the strategic importance of Grindr’s stock repurchase program, viewing it as a positive move for shareholder returns. The company’s guidance for 2025 aligns with market expectations, with projections of 24% or higher revenue growth and an adjusted EBITDA margin of 41% or more. Grindr’s recent performance and strategic plans have been positively received by analysts, suggesting confidence in the company’s long-term growth trajectory.
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