$GRND

Nippon Life bought 162,024 Corebridge Financial (CRBG) shares for $5.59M. ADAR1 Capital acquired 922,849 Tenax Therapeutics (TENX) shares for $1.46M. Orrin H. Ingram II bought 29,081 FB Financial (FBK) shares for $1.54M. Troy A. Ignelzi purchased 5,500 Rapport Therapeutics (RAPP) shares for $143,550. Saba Capital bought $386,338 of ELLSWORTH GROWTH & INCOME FUND (ECF). Frank Slootman sold $94.9M of Snowflake (SNOW). Chevron (CVX) CLO sold $9.77M in shares.

Zage George Raymond III sold 500,000 shares of Grindr Inc. (GRND) at an average of $14.12 ($13.87–$14.23, $7.06M total) across 2 trades over 2026-10-16 to 2026-10-19 under a Rule 10b5-1 trading plan.

Microsoft's Xandr was fined $9.6M by Norway's data protection authority for processing Grindr user data without consent between 2018 and 2020. The fine, the largest issued by the regulator, highlights risks for ad tech companies handling sensitive data. Xandr has three weeks to appeal.

Insider trading activity was disclosed for Monday, including purchases by AJB Investment Fund II in Jewett Cameron (JCTC), Sky Harbour Group's (SKYH) CFO, and sales by Grindr's (GRND) director and others. Notable transactions include Bastion Trading's purchase of SkyAI (SKYA) shares and Arista Networks' (ANET) CEO's sale.

Grindr (NYSE: GRND) and Mama's Creations (NASDAQ: MAMA) are highlighted as growth stocks. Grindr reported 33% revenue growth, with a $2.7B market cap and P/S of 5.63. Mama's Creations saw 55% revenue growth and 101% profit increase, despite a recent share dip. Both are positioned for long-term growth in their respective markets.

Grindr, a social networking site for the LGBTQ+ community, announced its first major acquisition: the parent company of telehealth provider Freddie. The deal aims to expand HIV prevention tools within the Grindr app, targeting 10 million users by 2028. Grindr expects the acquisition to drive revenue growth and margin expansion, with healthcare becoming a key growth driver.

Zage George Raymond III sold 500,000 shares of Grindr Inc. (GRND) at an average of $13.87 ($13.65–$15.65, $6.93M total) across 4 trades over 2026-10-01 to 2026-10-02 under a Rule 10b5-1 trading plan.

Grindr has agreed to acquire PurposeMed, Freddie's parent company, for $250 million, including $190 million in cash and $60 million in shares, with an additional $70 million contingent on performance. The deal, expected to close in Q4 2026, will integrate PrEP care services into the Grindr app, offering users access to HIV prevention consultations, testing, and prescriptions.

Grindr shares fell 7.9% to $14.22 after announcing a $250M acquisition of PurposeMed Inc. The deal, funded by $190M cash and $60M stock, raised liquidity and dilution concerns. Analysts maintain positive ratings, but investors doubt the earnout and margin impact. Insider sales and market skepticism drove the decline.

Citizens maintained a Market Outperform rating and $21 price target for Grindr (NYSE:GRND) after its acquisition of Freddie, a healthcare platform. Grindr sees potential revenue synergies from the deal. The company reported Q2 2026 revenue of $138M, up 33% YoY, exceeding estimates. Morgan Stanley also reiterated an Overweight rating with a $20 target.