Insider Selling: Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Sells 10,306 Shares of Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 10,306 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $18.66, for a total value of $192,309.96. Following the transaction, the chief operating officer now owns 482,759 shares in the company, valued at approximately $9,008,282.94. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Grid Dynamics Stock Performance

GDYN stock opened at $18.42 on Friday. The firm has a market cap of $1.52 billion, a PE ratio of 460.50 and a beta of 1.10. The firm’s 50 day moving average price is $21.37 and its 200-day moving average price is $18.03. Grid Dynamics Holdings, Inc. has a one year low of $9.07 and a one year high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The firm had revenue of $100.28 million for the quarter, compared to analysts’ expectations of $96.00 million. Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.33%. Equities research analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC boosted their target price on Grid Dynamics from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Grid Dynamics presently has a consensus rating of “Buy” and an average price target of $19.17.

Institutional Trading of Grid Dynamics

Several institutional investors have recently made changes to their positions in GDYN. Coppell Advisory Solutions LLC purchased a new stake in shares of Grid Dynamics during the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC purchased a new stake in shares of Grid Dynamics during the 4th quarter valued at approximately $27,000. FMR LLC raised its position in Grid Dynamics by 38.7% in the third quarter. FMR LLC now owns 2,873 shares of the company’s stock valued at $40,000 after purchasing an additional 801 shares during the period. MCF Advisors LLC raised its position in Grid Dynamics by 65.8% in the fourth quarter. MCF Advisors LLC now owns 1,864 shares of the company’s stock valued at $41,000 after purchasing an additional 740 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in Grid Dynamics in the fourth quarter valued at approximately $70,000. Hedge funds and other institutional investors own 71.18% of the company’s stock.

Grid Dynamics Company Profile

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.