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Director George Raymond Zage III acquired 1,000,000 shares of Grindr Inc. NASDAQ:GRND common stock on October 9, 2025, at a price of $13.15 per share. The total value of the purchase was $13,150,000. The purchase price was close to the current trading price of $13.24, with the stock having declined over 27% in the past six months. According to InvestingPro analysis, Grindr shows strong revenue growth of 28% year-over-year and maintains healthy liquidity with a current ratio of 2.48.
Following the transaction, Zage directly owns 7,733,283 shares of Grindr Inc. common stock. Zage also indirectly owns 85,926,333 shares through Tiga Eighty-Eight Pte Ltd. and 1,060,507 shares through Big Timber Holdings, LLC. With Grindr’s market capitalization at $2.48 billion, InvestingPro subscribers can access 10+ additional exclusive insights and a comprehensive Pro Research Report analyzing the company’s financial health, valuation metrics, and growth prospects.
In other recent news, Grindr has been at the center of several significant developments. The company’s second-quarter results showed revenue growth that, while accelerating from the first quarter, slightly missed projections from JMP Securities. Despite this, Grindr maintained its full-year revenue guidance of at least 26% year-over-year growth. In light of the earnings report, JMP Securities adjusted its price target for Grindr to $23, while Raymond James set a new target of $20, both maintaining favorable ratings on the stock. Additionally, discussions are reportedly underway among insiders about taking Grindr private, potentially valuing the company at around $3 billion. This move involves securing debt financing with Fortress Investment Group, with a proposed buyout price of approximately $15 per share. Furthermore, Grindr’s largest shareholder, G. Raymond Zage, has surpassed a 50% ownership stake following recent share buybacks. The board has approved continued buybacks, forming a special committee to evaluate the implications of these activities.
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