Key Points
- Grid Dynamics COO Yury Gryzlov sold 3,930 shares at an average price of $8.00, generating $31,440. The transaction, conducted under a Rule 10b5-1 trading plan, reduced his ownership by 0.77% to 508,087 shares.
- Grid Dynamics reported quarterly revenue of $108.16 million and EPS of $0.11, modestly exceeding analyst expectations of $106.55 million and $0.10, respectively.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $9.40, while institutional investors own 71.18% of the company’s stock.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 3,930 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $8.00, for a total value of $31,440.00. Following the completion of the transaction, the chief operating officer directly owned 508,087 shares of the company's stock, valued at approximately $4,064,696. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yury Gryzlov also recently made the following trade(s):
- On Thursday, July 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The stock was sold at an average price of $6.29, for a total value of $7,831.05.
- On Monday, June 1st, Yury Gryzlov sold 4,435 shares of Grid Dynamics stock. The shares were sold at an average price of $8.00, for a total value of $35,480.00.
- 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.
Grid Dynamics Price Performance
Shares of NASDAQ:GDYN opened at $7.94 on Friday. The business's fifty day moving average price is $6.25 and its two-hundred day moving average price is $6.43. Grid Dynamics Holdings, Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $10.21. The stock has a market capitalization of $644.17 million, a price-to-earnings ratio of 397.20 and a beta of 0.92.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Grid Dynamics had a return on equity of 1.90% and a net margin of 0.68%.The company had revenue of $108.16 million during the quarter, compared to analysts' expectations of $106.55 million. Research analysts expect that Grid Dynamics Holdings, Inc. will post 0.13 EPS for the current fiscal year.
Institutional Investors Weigh In On Grid Dynamics
A number of hedge funds have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. grew its holdings in Grid Dynamics by 236.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,290,786 shares of the company's stock worth $33,082,000 after acquiring an additional 3,017,017 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Grid Dynamics during the third quarter worth approximately $8,854,000. Bastion Asset Management Inc. acquired a new position in shares of Grid Dynamics during the first quarter worth approximately $6,899,000. Alliancebernstein L.P. lifted its position in shares of Grid Dynamics by 123.9% during the second quarter. Alliancebernstein L.P. now owns 1,896,409 shares of the company's stock worth $21,904,000 after purchasing an additional 1,049,519 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of Grid Dynamics by 4,907,857.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,030,671 shares of the company's stock valued at $9,307,000 after purchasing an additional 1,030,650 shares during the last quarter. Institutional investors own 71.18% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have commented on GDYN shares. Jefferies Financial Group lowered shares of Grid Dynamics from a "buy" rating to a "hold" rating and set a $8.00 price target on the stock. in a research report on Friday, May 29th. Citigroup reiterated a "cautious" rating on shares of Grid Dynamics in a research note on Friday, May 29th. Zacks Research raised Grid Dynamics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. TD Cowen increased their price target on Grid Dynamics from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Needham & Company LLC raised their price target on Grid Dynamics from $8.00 to $10.00 and gave the company a "buy" rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $9.40.
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About Grid Dynamics
(
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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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