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Director Lu James Fu Bin, also a ten percent owner, disposed of 1,000,000 shares of Grindr Inc. NASDAQ:GRND common stock on October 9, 2025, in a private sale. The transaction comes as the stock has declined nearly 27% over the past six months, according to InvestingPro data. The shares were sold at a price of $13.15, for a total transaction value of $13,150,000.
Following the transaction, Lu James Fu Bin, through Longview Grindr Holdings Limited, still indirectly holds 25,588,867 shares of Grindr Inc.
In other recent news, Grindr Inc. has been the subject of various significant developments. The company reported its second-quarter results, showing revenue growth that accelerated by two percentage points from the first quarter of 2025, although it slightly missed projections from JMP Securities. Despite this, Grindr maintained its full-year revenue guidance of 26% or more year-over-year growth. Additionally, Raymond James adjusted its price target for Grindr to $20 from $26, while JMP Securities lowered its target to $23 from $27, both maintaining an outperform rating.
In another development, insiders, including Raymond Zage and James Lu, are reportedly in discussions to take Grindr private, potentially valuing the firm at around $3 billion. This move involves talks with Fortress Investment Group to secure debt financing for the acquisition. Furthermore, Grindr’s largest shareholder, G. Raymond Zage, III, has surpassed 50% beneficial ownership following recent share repurchases, as disclosed in a recent SEC filing. The board has approved continued buybacks, forming a special committee to evaluate the impact of these activities.
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