Key Points
- Grid Dynamics COO Yury Gryzlov sold 4,435 shares on June 1 at an average price of $8.00, for total proceeds of $35,480. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Gryzlov still held 514,948 shares valued at about $4.12 million, and the sale reduced his position by just 0.85%. He had also sold smaller blocks of shares in May and April.
- Grid Dynamics reported quarterly EPS of $0.09, topping estimates, while revenue rose 3.7% year over year to $104.1 million. Analysts currently have a consensus Hold rating on the stock with an average price target of $9.40.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 4,435 shares of Grid Dynamics stock in a transaction on Monday, June 1st. The shares were sold at an average price of $8.00, for a total value of $35,480.00. Following the sale, the chief operating officer directly owned 514,948 shares in the company, valued at $4,119,584. The trade was a 0.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yury Gryzlov also recently made the following trade(s):
- On Friday, May 15th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The shares were sold at an average price of $6.45, for a total value of $3,012.15.
- On Thursday, April 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The shares were sold at an average price of $5.54, for a total value of $6,897.30.
Grid Dynamics Price Performance
Shares of Grid Dynamics stock opened at $7.86 on Tuesday. Grid Dynamics Holdings, Inc. has a 1-year low of $5.13 and a 1-year high of $12.86. The company has a market capitalization of $657.33 million, a P/E ratio of 157.23 and a beta of 0.94. The business's fifty day moving average price is $6.18 and its two-hundred day moving average price is $7.48.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $104.10 million for the quarter, compared to analysts' expectations of $103.32 million. Grid Dynamics had a return on equity of 1.20% and a net margin of 1.27%.The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. On average, research analysts expect that Grid Dynamics Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on GDYN shares. Weiss Ratings downgraded Grid Dynamics from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday, May 4th. Northland Securities cut their price objective on Grid Dynamics from $14.00 to $12.00 and set an "outperform" rating for the company in a research report on Monday, March 9th. Needham & Company LLC cut their price target on Grid Dynamics from $10.00 to $8.00 and set a "buy" rating for the company in a report on Friday, May 1st. Jefferies Financial Group cut Grid Dynamics from a "buy" rating to a "hold" rating and set a $8.00 price target for the company. in a report on Friday. Finally, TD Cowen lowered their price objective on Grid Dynamics from $11.00 to $10.00 and set a "buy" rating on the stock in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $9.40.
Get Our Latest Analysis on Grid Dynamics
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its stake in shares of Grid Dynamics by 175.5% in the 4th quarter. Hantz Financial Services Inc. now owns 3,229 shares of the company's stock valued at $29,000 after purchasing an additional 2,057 shares during the period. GAMMA Investing LLC lifted its stake in shares of Grid Dynamics by 273.2% in the 4th quarter. GAMMA Investing LLC now owns 3,598 shares of the company's stock valued at $32,000 after purchasing an additional 2,634 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Grid Dynamics in the 2nd quarter valued at $43,000. SBI Securities Co. Ltd. acquired a new position in shares of Grid Dynamics in the 3rd quarter valued at $31,000. Finally, Quarry LP lifted its stake in shares of Grid Dynamics by 57.1% in the 3rd quarter. Quarry LP now owns 4,835 shares of the company's stock valued at $37,000 after purchasing an additional 1,757 shares during the period. Institutional investors and hedge funds own 71.18% of the company's stock.
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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