Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Sells $10,907.60 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 737 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $14.80, for a total value of $10,907.60. Following the completion of the sale, the chief operating officer now directly owns 478,269 shares of the company’s stock, valued at approximately $7,078,381.20. The trade was a 0.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Yury Gryzlov also recently made the following trade(s):

• On Tuesday, March 11th, Yury Gryzlov sold 2,000 shares of Grid Dynamics stock. The stock was sold at an average price of $16.77, for a total transaction of $33,540.00.
• On Tuesday, March 4th, Yury Gryzlov sold 10,306 shares of Grid Dynamics stock. The shares were sold at an average price of $18.66, for a total transaction of $192,309.96.

Grid Dynamics Stock Down 0.1 %

Shares of NASDAQ:GDYN traded down $0.02 during trading on Monday, reaching $13.70. The stock had a trading volume of 1,506,413 shares, compared to its average volume of 598,076. The stock has a fifty day simple moving average of $19.31 and a two-hundred day simple moving average of $18.42. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 342.50 and a beta of 0.99. Grid Dynamics Holdings, Inc. has a 52 week low of $9.07 and a 52 week high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last announced its 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). Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%. The firm had revenue of $100.28 million during the quarter, compared to the consensus estimate of $96.00 million. On average, analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC upped their price objective on shares of 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $19.60.

Institutional Trading of Grid Dynamics

Several hedge funds have recently added to or reduced their stakes in GDYN. Intech Investment Management LLC acquired a new position in shares of Grid Dynamics during the third quarter worth approximately $153,000. Charles Schwab Investment Management Inc. grew its stake in shares of Grid Dynamics by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 464,206 shares of the company’s stock worth $6,499,000 after acquiring an additional 13,785 shares during the last quarter. FMR LLC increased its position in Grid Dynamics by 38.7% during the third quarter. FMR LLC now owns 2,873 shares of the company’s stock worth $40,000 after acquiring an additional 801 shares during the period. Verition Fund Management LLC acquired a new position in Grid Dynamics during the 3rd quarter valued at $207,000. Finally, Quarry LP boosted its holdings in Grid Dynamics by 131.5% in the 3rd quarter. Quarry LP now owns 5,236 shares of the company’s stock valued at $73,000 after purchasing an additional 2,974 shares during the period. Institutional investors own 71.18% of the company’s stock.

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.