Grindr Inc. (NYSE:GRND) shareholders (or potential shareholders) will be happy to see that the Director, George Raymond Zage, recently bought a whopping US$624k worth of stock, at a price of US$7.80. While that only increased their holding size by 0.1%, it is still a big swing by our standards.
See our latest analysis for Grindr
The Last 12 Months Of Insider Transactions At Grindr
In fact, the recent purchase by Director George Raymond Zage was not their only acquisition of 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. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$8.48. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
George Raymond Zage bought a total of 500.00k shares over the year at an average price of US$6.17. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Grindr Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that Grindr insiders own 60% of the company, worth about US$869m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Grindr Tell Us?
It's certainly positive to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Grindr. That's what I like to see! 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. Every company has risks, and we've spotted 2 warning signs for Grindr (of which 1 shouldn't be ignored!) you should know about.
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.