Gold prices dip as December rate cut bets wane; Fed, econ. data in focus
Lu James Fu Bin, a ten percent owner of Grindr Inc. (NASDAQ:GRND), has sold a total of 1,056,271 shares of common stock in three separate transactions, according to a Form 4 filing with the Securities and Exchange Commission. The sales, which occurred between November 11 and November 13, 2025, amounted to $15,667,019.
On November 11, Lu sold 558,744 shares at a weighted average price of $14.99, for a total value of $8,375,573. These shares were sold in multiple transactions at prices ranging from $14.80 to $15.30. On November 12, Lu sold 291,948 shares at a weighted average price of $14.80, for a total value of $4,320,830, with prices ranging from $14.57 to $15.12. The final sale occurred on November 13, with 205,579 shares sold at an average price of $14.45, for a total value of $2,960,186, with prices ranging from $14.36 to $14.72.
Following these transactions, Lu James Fu Bin continues to indirectly own 22,832,596 shares of Grindr Inc. through Longview Grindr Holdings Limited, and directly owns 9,885 shares.
In other recent news, Grindr reported strong third-quarter 2025 earnings, with both earnings per share (EPS) and revenue surpassing forecasts. The company’s EPS reached $0.16, exceeding the anticipated $0.12, and revenue was $116 million, above the expected $113.33 million. This performance highlights the company’s robust financial health and investor confidence. Analysts have responded to these results with adjustments to their price targets. Citizens lowered its price target on Grindr to $21.00 from $23.00 but maintained a Market Outperform rating, noting the company’s continued category leadership and success in attracting younger users. Goldman Sachs also adjusted its price target to $20.00 from $22.00 while maintaining a Buy rating, citing the advertising business as a key driver of revenue outperformance. Despite some investor concerns over recent months, Grindr’s stable user metrics and strong earnings have been positively received. These developments underscore the company’s ability to exceed market expectations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.