Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Sells $33,540.00 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $16.77, for a total value of $33,540.00. Following the completion of the transaction, the chief operating officer now owns 480,759 shares in the company, valued at $8,062,328.43. This represents a 0.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 value of $192,309.96.

Grid Dynamics Trading Up 2.8 %

Shares of GDYN opened at $16.82 on Friday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 420.50 and a beta of 1.10. The stock has a 50 day moving average of $20.84 and a 200 day moving average of $18.16. Grid Dynamics Holdings, Inc. has a 12 month low of $9.07 and a 12 month high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The business 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%. As a group, equities research analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.

Institutional Trading of Grid Dynamics

Institutional investors and hedge funds have recently modified their holdings of the business. Coppell Advisory Solutions LLC purchased a new stake in Grid Dynamics in the fourth quarter worth $25,000. Global Retirement Partners LLC purchased a new stake in Grid Dynamics in the fourth quarter worth $27,000. FMR LLC increased its position in Grid Dynamics by 38.7% in the third quarter. FMR LLC now owns 2,873 shares of the company’s stock worth $40,000 after buying an additional 801 shares during the last quarter. MCF Advisors LLC increased 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 worth $41,000 after buying an additional 740 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Grid Dynamics in the fourth quarter worth $70,000. 71.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Needham & Company LLC raised their target price on Grid Dynamics from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 21st. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $19.60.

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.