Key Points
- CFO Anil Doradla sold 2,000 shares on Jan. 7 at $10.00 each for $20,000, leaving him with 376,475 shares — a 0.53% reduction in his position (SEC filing disclosed).
- Grid Dynamics shares traded around $9.86, with a market cap of about $835.8M, a 12‑month range of $7.37–$25.50, and 50/200‑day moving averages near $9.07 and $8.97 respectively.
- The company reported Q3 results that met EPS estimates ($0.09) with revenue up 19.1% YoY to $104.16M, and analysts hold a consensus rating of Moderate Buy with an average price target of $11.33.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) CFO Anil Doradla sold 2,000 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $10.00, for a total value of $20,000.00. Following the completion of the transaction, the chief financial officer directly owned 376,475 shares in the company, valued at $3,764,750. This trade represents a 0.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Anil Doradla also recently made the following trade(s):
- On Tuesday, December 9th, Anil Doradla sold 4,368 shares of Grid Dynamics stock. The shares were sold at an average price of $10.00, for a total value of $43,680.00.
Grid Dynamics Trading Down 0.6%
Shares of NASDAQ:GDYN opened at $9.86 on Friday. The firm has a 50 day simple moving average of $9.07 and a 200-day simple moving average of $8.97. Grid Dynamics Holdings, Inc. has a twelve month low of $7.37 and a twelve month high of $25.50. The company has a market capitalization of $835.82 million, a PE ratio of 65.73 and a beta of 0.82.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last released 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 company had revenue of $104.16 million during the quarter, compared to the consensus estimate of $103.64 million. Grid Dynamics had a net margin of 3.42% and a return on equity of 1.74%. Grid Dynamics's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. As a group, equities research analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Weiss Ratings reissued a "hold (c-)" rating on shares of Grid Dynamics in a report on Wednesday, December 24th. Jefferies Financial Group started coverage on shares of Grid Dynamics in a research note on Monday, September 22nd. They issued a "buy" rating and a $11.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on shares of Grid Dynamics from $11.00 to $10.00 and set an "overweight" rating for the company in a report on Friday, October 31st. Zacks Research raised Grid Dynamics from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. Finally, Needham & Company LLC cut their target price on shares of Grid Dynamics from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $11.33.
Read Our Latest Stock Report on GDYN
Institutional Trading of Grid Dynamics
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Grid Dynamics by 8.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,063 shares of the company's stock worth $186,000 after purchasing an additional 1,302 shares during the period. Thrivent Financial for Lutherans raised its holdings in Grid Dynamics by 3.6% in the third quarter. Thrivent Financial for Lutherans now owns 47,645 shares of the company's stock valued at $367,000 after buying an additional 1,640 shares during the period. Quarry LP lifted its position in Grid Dynamics by 57.1% during the third quarter. Quarry LP now owns 4,835 shares of the company's stock valued at $37,000 after buying an additional 1,757 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of Grid Dynamics by 13.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 14,833 shares of the company's stock worth $171,000 after acquiring an additional 1,802 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Grid Dynamics by 7.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 36,359 shares of the company's stock valued at $280,000 after acquiring an additional 2,387 shares during the period. 71.18% of the stock is currently owned by institutional investors and hedge funds.
Grid Dynamics Company Profile
(
Get Free Report)
Grid Dynamics (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises accelerate their digital transformation initiatives. The company specializes in designing and implementing scalable, cloud-native solutions that leverage advanced analytics, machine learning and artificial intelligence to optimize operations, enhance customer experiences and drive revenue growth. Its technology expertise spans e-commerce platforms, modern data architectures, DevOps and automation, as well as custom application development across a range of industries including retail, financial services, high tech and automotive.
Key service offerings include cloud migration and modernization, data engineering and analytics, AI/ML-driven insights, digital commerce and omnichannel solutions.
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