Anil Doradla Sells 2,000 Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 2,000 shares of Grid Dynamics stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $24.09, for a total transaction of $48,180.00. Following the completion of the transaction, the chief financial officer now directly owns 341,012 shares in the company, valued at approximately $8,214,979.08. The trade was a 0.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Anil Doradla also recently made the following trade(s):

• On Tuesday, January 7th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The stock was sold at an average price of $22.12, for a total transaction of $66,360.00.
• On Monday, December 9th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The stock was sold at an average price of $19.08, for a total transaction of $57,240.00.

Grid Dynamics Stock Performance

GDYN opened at $22.72 on Thursday. The business’s 50-day simple moving average is $21.19 and its 200 day simple moving average is $17.18. The firm has a market capitalization of $1.87 billion, a PE ratio of 757.59 and a beta of 1.01. Grid Dynamics Holdings, Inc. has a 52-week low of $9.07 and a 52-week high of $24.60.

Institutional Investors Weigh In On Grid Dynamics

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wisconsin Capital Management LLC acquired a new position in Grid Dynamics during the fourth quarter worth $222,000. Geode Capital Management LLC grew its position in shares of Grid Dynamics by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 1,433,773 shares of the company’s stock valued at $31,895,000 after acquiring an additional 52,344 shares during the period. Pictet Asset Management Holding SA acquired a new position in shares of Grid Dynamics during the 4th quarter worth about $208,000. Loomis Sayles & Co. L P bought a new stake in shares of Grid Dynamics in the 4th quarter valued at about $55,114,000. Finally, Vanguard Group Inc. lifted its stake in Grid Dynamics by 26.8% in the 4th quarter. Vanguard Group Inc. now owns 5,535,526 shares of the company’s stock valued at $123,110,000 after purchasing an additional 1,171,481 shares during the last quarter. Institutional investors own 71.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GDYN. Needham & Company LLC boosted their price target on Grid Dynamics from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their target price on Grid Dynamics from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Citigroup upped their price target on Grid Dynamics from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, TD Cowen lifted their price objective on shares of Grid Dynamics from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Grid Dynamics presently has an average rating of “Buy” and a consensus target price of $18.33.

About Grid Dynamics

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale.