Street Calls of the Week
Director Lu James Fu Bin reported selling 250,000 shares of Grindr Inc. NASDAQ:GRND on October 17, 2025. The shares were sold at a weighted average price of $13.13, for a total transaction value of $3.28 million. The transaction comes as the $2.4 billion market cap company’s stock has declined over 27% year-to-date, though InvestingPro analysis indicates the stock is currently undervalued.
The sales occurred in multiple transactions at prices ranging from $12.92 to $13.72. Following the transaction, Lu James Fu Bin, through Longview Grindr Holdings Limited, still owns 23,888,867 shares of Grindr Inc. It was also reported that Lu James Fu Bin directly owns 9,885 shares. While the company maintains strong liquidity with a current ratio of 2.48 and operates with moderate debt levels, InvestingPro subscribers can access detailed insider trading patterns and 11 additional key insights about GRND’s financial health and market position.
In other recent news, Grindr Inc. has confirmed that its Board of Directors received a letter from two large shareholders expressing interest in potentially taking the company private. Board members Ray Zage and James Lu are exploring the possibility of purchasing all outstanding common stock. Discussions are reportedly underway with Fortress Investment Group to secure debt financing for this potential acquisition, with a proposed buyout price of approximately $15 per share. This price represents a premium over the current market valuation of $2.4 billion, potentially valuing the company at around $3 billion.
Additionally, Grindr’s largest shareholder, G. Raymond Zage, has surpassed 50% beneficial ownership following recent share repurchases. In response, Grindr’s board formed a special committee of independent directors to evaluate the impact of this repurchase activity. Meanwhile, JMP Securities has lowered its price target on Grindr to $23 from $27, maintaining a Market Outperform rating despite a slight revenue growth miss in the second quarter. Grindr continues to project full-year revenue growth of 26% or more, aligning estimates for 2025.
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