Anil Doradla Sells 3,000 Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $22.12, for a total value of $66,360.00. Following the transaction, the chief financial officer now owns 343,012 shares in the company, valued at approximately $7,587,425.44. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, December 9th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The shares were sold at an average price of $19.08, for a total transaction of $57,240.00.
• On Thursday, November 7th, Anil Doradla sold 4,000 shares of Grid Dynamics stock. The shares were sold at an average price of $17.66, for a total transaction of $70,640.00.
• On Friday, November 1st, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The stock was sold at an average price of $17.66, for a total transaction of $52,980.00.

Grid Dynamics Stock Performance

Shares of Grid Dynamics stock opened at $20.34 on Friday. The firm has a market cap of $1.68 billion, a PE ratio of 678.23 and a beta of 1.01. The business’s 50 day simple moving average is $19.33 and its 200 day simple moving average is $15.43. Grid Dynamics Holdings, Inc. has a 52-week low of $9.07 and a 52-week high of $24.16.

Grid Dynamics (NASDAQ:GDYN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $87.40 million for the quarter, compared to analyst estimates of $85.09 million. Grid Dynamics had a net margin of 0.74% and a return on equity of 0.15%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. As a group, equities research analysts predict that Grid Dynamics Holdings, Inc. will post 0.03 EPS for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Grid Dynamics

Several hedge funds have recently modified their holdings of GDYN. FMR LLC raised its holdings 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 in the last quarter. Quarry LP raised its stake in shares of Grid Dynamics by 131.5% during the 3rd quarter. Quarry LP now owns 5,236 shares of the company’s stock worth $73,000 after purchasing an additional 2,974 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Grid Dynamics in the 3rd quarter valued at approximately $122,000. Harbor Capital Advisors Inc. increased its holdings in Grid Dynamics by 10.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,903 shares of the company’s stock worth $242,000 after buying an additional 1,036 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Grid Dynamics during the third quarter worth $153,000. 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.