Key Points
- Grid Dynamics COO Yury Gryzlov sold 1,245 shares at an average price of $8.46, totaling $10,532.70. The transaction, made under a pre-arranged Rule 10b5-1 plan, reduced his stake by 0.25% to 500,139 shares.
- GDYN shares opened at $7.84, with the stock trading between a 12-month low of $5.11 and high of $10.21. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.11 EPS and $108.16 million in revenue.
- Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $9.40. Institutional investors and hedge funds own approximately 71.18% of the company.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 1,245 shares of the firm's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $8.46, for a total value of $10,532.70. Following the completion of the transaction, the chief operating officer owned 500,139 shares of the company's stock, valued at $4,231,175.94. This trade represents a 0.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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, September 3rd, Yury Gryzlov sold 3,918 shares of Grid Dynamics stock. The stock was sold at an average price of $8.00, for a total value of $31,344.00.
- 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.
Grid Dynamics Trading Down 2.2%
Shares of NASDAQ:GDYN opened at $7.84 on Tuesday. Grid Dynamics Holdings, Inc. has a twelve month low of $5.11 and a twelve month high of $10.21. The company's 50 day moving average is $7.73 and its 200 day moving average is $6.67. The company has a market cap of $636.06 million, a PE ratio of 392.20 and a beta of 0.97.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $108.16 million during the quarter, compared to analysts' expectations of $106.55 million. Grid Dynamics had a net margin of 0.68% and a return on equity of 1.90%. Equities research analysts predict that Grid Dynamics Holdings, Inc. will post 0.2 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Grid Dynamics
Large investors have recently made changes to their positions in the company. Fourth Sail Capital LP grew its position in Grid Dynamics by 36.2% during the fourth quarter. Fourth Sail Capital LP now owns 3,827,968 shares of the company's stock valued at $34,567,000 after buying an additional 1,016,563 shares during the period. Bastion Asset Management Inc. acquired a new position in shares of Grid Dynamics in the first quarter worth about $6,899,000. S Squared Technology LLC boosted its stake in shares of Grid Dynamics by 109.3% during the 4th quarter. S Squared Technology LLC now owns 636,737 shares of the company's stock worth $5,750,000 after acquiring an additional 332,499 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Grid Dynamics during the 2nd quarter valued at about $2,702,000. Finally, Summit Creek Advisors LLC acquired a new stake in shares of Grid Dynamics during the 2nd quarter valued at about $2,452,000. 71.18% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms recently issued reports on GDYN. 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 report on Friday, July 31st. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Grid Dynamics in a research report on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on Grid Dynamics from $7.00 to $8.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Zacks Research raised Grid Dynamics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. Finally, TD Cowen upped their target price on Grid Dynamics from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Grid Dynamics presently has an average rating of "Moderate Buy" and a consensus target price of $9.40.
Check Out Our Latest Stock Report on GDYN
About Grid Dynamics
(
Get Free Report)
Grid Dynamics Holdings, Inc (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises modernize their businesses through software development, cloud computing, data and analytics, and artificial intelligence. The company designs and builds technology platforms intended to improve operational efficiency, customer experiences, and the use of enterprise data.
Its services include digital commerce and customer experience solutions, cloud and data engineering, machine learning and artificial intelligence, application modernization, and software product development.
Further Reading
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