Key Points
- CFO Anil Doradla sold 4,368 shares of Grid Dynamics on Dec. 9 at an average price of $10.00, totaling $43,680 and reducing his ownership by 1.25% to 344,852 shares (≈$3.45M).
- Stock and analyst backdrop: GDYN trades around $9.74 (52-week range $7.37–$25.50) with a ~$825.6M market cap; analysts are mixed (average rating "Hold" and average price target $11.33) after quarterly EPS of $0.09 and revenue growth of 19.1% year-over-year.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) CFO Anil Doradla sold 4,368 shares of the company's stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $10.00, for a total transaction of $43,680.00. Following the sale, the chief financial officer directly owned 344,852 shares in the company, valued at approximately $3,448,520. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Grid Dynamics Stock Down 0.3%
Shares of GDYN stock opened at $9.74 on Friday. Grid Dynamics Holdings, Inc. has a 52 week low of $7.37 and a 52 week high of $25.50. The firm has a 50 day moving average of $8.49 and a two-hundred day moving average of $9.34. The stock has a market capitalization of $825.58 million, a PE ratio of 65.65 and a beta of 0.85.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $104.16 million for the quarter, compared to analysts' expectations of $103.64 million. Grid Dynamics had a return on equity of 1.74% and a net margin of 3.42%.The company's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. Analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Zacks Research raised Grid Dynamics from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Needham & Company LLC decreased their price target on shares of Grid Dynamics from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Friday, October 31st. Jefferies Financial Group assumed coverage on shares of Grid Dynamics in a research report on Monday, September 22nd. They issued a "buy" rating and a $11.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Grid Dynamics from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Grid Dynamics in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $11.33.
Check Out Our Latest Stock Analysis on GDYN
Institutional Trading of Grid Dynamics
A number of hedge funds and other institutional investors have recently made changes to their positions in GDYN. Alyeska Investment Group L.P. lifted its holdings in shares of Grid Dynamics by 236.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,290,786 shares of the company's stock valued at $33,082,000 after purchasing an additional 3,017,017 shares during the last quarter. Nuveen LLC acquired a new position in Grid Dynamics during the first quarter worth approximately $19,977,000. Jacobs Levy Equity Management Inc. acquired a new position in Grid Dynamics during the third quarter worth approximately $8,854,000. Alliancebernstein L.P. lifted its stake in Grid Dynamics by 123.9% in the second quarter. Alliancebernstein L.P. now owns 1,896,409 shares of the company's stock valued at $21,904,000 after buying an additional 1,049,519 shares during the last quarter. Finally, CenterBook Partners LP boosted its holdings in shares of Grid Dynamics by 255.1% in the third quarter. CenterBook Partners LP now owns 1,094,701 shares of the company's stock valued at $8,440,000 after acquiring an additional 786,384 shares during the period. Institutional investors and hedge funds own 71.18% of the company's stock.
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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