George Raymond Zage Buys Handful Of Shares In Grindr
Potential Grindr Inc. (NYSE:GRND) shareholders may wish to note that the Director, George Raymond Zage, recently bought US$448k worth of stock, paying US$7.46 for each share. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.
See our latest analysis for Grindr
Grindr Insider Transactions Over The Last Year
Notably, that recent purchase by Director George Raymond Zage was not the only time they bought Grindr shares this year. They previously made an even bigger purchase of US$957k worth of shares at a price of US$6.00 per share. We do like to see buying, but this purchase was made at well below the current price of US$7.80. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
George Raymond Zage bought a total of 420.00k shares over the year at an average price of US$5.86. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Grindr is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Grindr
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Grindr insiders own 60% of the company, worth about US$813m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Grindr Tell Us?
Our data shows a little more insider selling than buying in the last three months. But the net divestment is not enough to concern us at all. However, our analysis of transactions over the last year is heartening. It would be great to see more insider buying, but overall it seems like Grindr insiders are reasonably well aligned (owning significant chunk of the company's shares) and optimistic for the future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. When we did our research, we found 2 warning signs for Grindr (1 doesn't sit too well with us!) that we believe deserve your full attention.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
