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James Fu Bin Lu, a ten percent owner of Grindr Inc. (NASDAQ:GRND), recently sold shares of the company’s common stock for a total of $5.1 million. The dating app company, currently valued at $2.56 billion, has seen its stock decline by over 8% in the past week.
According to a Form 4 filing with the Securities and Exchange Commission, Lu executed two sales. On November 14, 2025, he sold 363,665 shares at prices ranging from $14.00 to $14.30, netting approximately $5.1 million. Following this, on November 17, 2025, Lu sold an additional 4,316 shares at prices ranging from $14.00 to $14.06. The sales occurred at prices above the current trading level of $13.87, though InvestingPro data suggests the stock is slightly undervalued.
Following these transactions, Lu directly owns 9,885 shares of Grindr Inc., and indirectly owns 22,464,615 shares through Longview Grindr Holdings Limited. While Grindr isn’t currently profitable, analysts expect the company to turn a profit this year, with management actively repurchasing shares despite the stock’s 41% decline over the past six months.
In other recent news, Grindr reported strong third-quarter 2025 earnings, surpassing both earnings per share (EPS) and revenue forecasts. The company achieved an EPS of $0.16, exceeding the anticipated $0.12, and reported revenue of $116 million, surpassing the forecasted $113.33 million. Despite these positive results, Citizens lowered its price target on Grindr to $21.00 from $23.00, citing accelerated investments, while maintaining a Market Outperform rating. Goldman Sachs also adjusted its price target, lowering it to $20.00 from $22.00, but kept a Buy rating. Both firms acknowledged the company’s revenue performance as better than expected, with Goldman Sachs highlighting the advertising business as a key driver. Grindr’s monthly active users were 2% below consensus, but the company remains a category leader, focusing on its free tier and younger users. These developments reflect ongoing investor interest and analysis following the company’s recent earnings report.
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