Key Points
- Grid Dynamics COO Yury Gryzlov sold 4,849 shares at an average price of $8.00, generating $38,792. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 495,290 shares.
- Grid Dynamics recently exceeded quarterly expectations, reporting $0.11 earnings per share versus a $0.10 consensus estimate and revenue of $108.16 million versus $106.55 million expected.
- Analysts maintain a generally positive view, with the stock carrying a “Moderate Buy” consensus rating and a $9.40 average price target; institutional investors own 71.18% of the company.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 4,849 shares of the stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $8.00, for a total transaction of $38,792.00. Following the completion of the sale, the chief operating officer owned 495,290 shares of the company's stock, valued at approximately $3,962,320. This represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Friday, October 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The stock was sold at an average price of $8.46, for a total transaction of $10,532.70.
- 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 transaction of $31,344.00.
- On Tuesday, August 18th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The shares were sold at an average price of $7.53, for a total transaction 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 transaction of $31,440.00.
Grid Dynamics Stock Performance
Grid Dynamics stock opened at $8.01 on Friday. Grid Dynamics Holdings, Inc. has a 52 week low of $5.11 and a 52 week high of $10.21. The stock has a market capitalization of $649.85 million, a P/E ratio of 400.70 and a beta of 0.97. The stock has a 50-day simple moving average of $7.80 and a 200 day simple moving average of $6.70.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $108.16 million for the quarter, compared to the consensus estimate of $106.55 million. Grid Dynamics had a return on equity of 1.90% and a net margin of 0.68%. Research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.2 earnings per share for the current year.
Hedge Funds Weigh In On Grid Dynamics
Several institutional investors and hedge funds have recently made changes to their positions in GDYN. Bastion Asset Management Inc. acquired a new position in Grid Dynamics in the 1st quarter valued at $6,899,000. Fourth Sail Capital LP lifted its holdings in shares of Grid Dynamics by 36.2% during the fourth quarter. Fourth Sail Capital LP now owns 3,827,968 shares of the company's stock worth $34,567,000 after buying an additional 1,016,563 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Grid Dynamics during the second quarter worth $2,702,000. Summit Creek Advisors LLC bought a new stake in shares of Grid Dynamics in the second quarter valued at about $2,452,000. Finally, S Squared Technology LLC boosted its position in shares of Grid Dynamics by 109.3% in the fourth quarter. S Squared Technology LLC now owns 636,737 shares of the company's stock valued at $5,750,000 after acquiring an additional 332,499 shares during the period. Institutional investors and hedge funds own 71.18% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Zacks Research upgraded Grid Dynamics from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Needham & Company LLC lifted their price objective on shares of Grid Dynamics from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. TD Cowen upped their price objective on shares of Grid Dynamics from $8.00 to $9.00 and gave the company a "buy" rating in a report on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Grid Dynamics from $7.00 to $8.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Grid Dynamics in a research report on Friday, July 31st. One 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 stock. According to data from MarketBeat.com, Grid Dynamics currently has an average rating of "Moderate Buy" and a consensus price target of $9.40.
View Our Latest Stock Report on GDYN
Grid Dynamics Company Profile
(
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.
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