Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) CEO Leonard Livschitz sold 15,000 shares of the business's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $11.87, for a total transaction of $178,050.00. Following the completion of the transaction, the chief executive officer now owns 3,670,691 shares in the company, valued at $43,571,102.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Leonard Livschitz also recently made the following trade(s):
- On Tuesday, March 26th, Leonard Livschitz sold 11,884 shares of Grid Dynamics stock. The shares were sold at an average price of $12.03, for a total transaction of $142,964.52.
- On Tuesday, March 12th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $12.36, for a total transaction of $185,400.00.
- On Tuesday, February 27th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.88, for a total transaction of $208,200.00.
- On Tuesday, February 13th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.08, for a total transaction of $196,200.00.
- On Tuesday, January 30th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.06, for a total transaction of $195,900.00.
- On Tuesday, January 16th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $12.58, for a total transaction of $188,700.00.
Grid Dynamics Stock Performance
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GDYN stock opened at $11.15 on Friday. Grid Dynamics Holdings, Inc. has a 52 week low of $8.00 and a 52 week high of $14.70. The firm's fifty day moving average is $12.88 and its 200 day moving average is $12.55. The firm has a market cap of $847.07 million, a P/E ratio of -371.54 and a beta of 0.94.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Grid Dynamics had a negative net margin of 0.56% and a positive return on equity of 6.77%. The business had revenue of $78.07 million for the quarter, compared to the consensus estimate of $76.64 million. During the same period in the prior year, the business posted $0.14 EPS. Grid Dynamics's revenue for the quarter was down 3.1% on a year-over-year basis. As a group, analysts forecast that Grid Dynamics Holdings, Inc. will post 0.07 EPS for the current year.
Institutional Investors Weigh In On Grid Dynamics
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Grid Dynamics by 161.0% in the 1st quarter. JPMorgan Chase & Co. now owns 175,617 shares of the company's stock worth $2,473,000 after purchasing an additional 108,330 shares during the period. HighTower Advisors LLC lifted its position in shares of Grid Dynamics by 4.2% in the 1st quarter. HighTower Advisors LLC now owns 16,568 shares of the company's stock worth $225,000 after purchasing an additional 671 shares during the period. Acadian Asset Management LLC lifted its position in shares of Grid Dynamics by 239.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,837 shares of the company's stock worth $82,000 after purchasing an additional 4,115 shares during the period. MetLife Investment Management LLC lifted its position in shares of Grid Dynamics by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 23,054 shares of the company's stock worth $325,000 after purchasing an additional 8,370 shares during the period. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Grid Dynamics in the 1st quarter worth about $642,000. Institutional investors own 71.18% of the company's stock.
Analyst Upgrades and Downgrades
GDYN has been the topic of a number of research analyst reports. Cantor Fitzgerald increased their price target on shares of Grid Dynamics from $14.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. increased their price target on shares of Grid Dynamics from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday, February 23rd. Finally, Citigroup increased their price target on shares of Grid Dynamics from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $16.25.
Check Out Our Latest Report on GDYN
About Grid Dynamics
(
Get Free Report)
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.
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