Key Points
- Grid Dynamics COO Yury Gryzlov sold 3,918 shares at an average price of $8.00, generating $31,344. The Rule 10b5-1 transaction reduced his holdings by 0.77% to 503,070 shares.
- GDYN shares opened at $8.20, up 4.5%, with a market capitalization of approximately $665 million. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.11 in EPS and $108.16 million in revenue.
- Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $9.40, although ratings range from “Strong Buy” to “Sell.” Institutional investors own 71.18% of the company.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 3,918 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $8.00, for a total transaction of $31,344.00. Following the completion of the sale, the chief operating officer owned 503,070 shares of the company's stock, valued at approximately $4,024,560. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Tuesday, August 18th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The stock was sold at an average price of $7.53, for a total value of $3,516.51.
- On Thursday, August 13th, Yury Gryzlov sold 3,930 shares of Grid Dynamics stock. The shares were sold at an average price of $8.00, for a total value of $31,440.00.
- On Thursday, July 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The shares were sold at an average price of $6.29, for a total value of $7,831.05.
Grid Dynamics Trading Up 4.5%
Shares of GDYN opened at $8.20 on Friday. The stock has a 50 day moving average of $6.82 and a 200 day moving average of $6.47. The company has a market capitalization of $665.27 million, a price-to-earnings ratio of 410.21 and a beta of 0.89. Grid Dynamics Holdings, Inc. has a 12 month low of $5.11 and a 12 month high of $10.21.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $108.16 million for the quarter, compared to analysts' expectations of $106.55 million. Grid Dynamics had a return on equity of 1.90% and a net margin of 0.68%. As a group, equities research analysts predict that Grid Dynamics Holdings, Inc. will post 0.13 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently weighed in 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 for the company. 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. Needham & Company LLC boosted their target price on shares of Grid Dynamics from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Friday, July 31st. JPMorgan Chase & Co. raised their price target on shares of Grid Dynamics from $7.00 to $8.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Grid Dynamics in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.40.
Get Our Latest Report on GDYN
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. raised its stake in 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 acquiring an additional 2,057 shares during the period. Quarry LP lifted its holdings 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 purchasing an additional 1,757 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Grid Dynamics during the second quarter worth about $43,000. PNC Financial Services Group Inc. boosted its position in Grid Dynamics by 60.1% during the first quarter. PNC Financial Services Group Inc. now owns 8,315 shares of the company's stock worth $47,000 after purchasing an additional 3,122 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Grid Dynamics by 208.2% in the second quarter. Tower Research Capital LLC TRC now owns 6,213 shares of the company's stock worth $72,000 after purchasing an additional 4,197 shares in the last quarter. Institutional investors own 71.18% of the company's stock.
About Grid Dynamics
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
