Key Points
- COO Yury Gryzlov sold 4,715 Grid Dynamics shares at an average price of $13.55, totaling about $63,888. The sale was made under a pre-arranged Rule 10b5-1 plan; he retained 480,063 shares.
- Grid Dynamics reported quarterly EPS of $0.18, beating the $0.13 analyst consensus, and revenue of $114.29 million, above expectations of $112.77 million.
- Analyst views are mixed: four rate the stock Buy, two Hold, and two Sell, producing a consensus Hold rating and an average target price of $11.80.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 4,715 shares of the firm's stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $13.55, for a total value of $63,888.25. Following the transaction, the chief operating officer owned 480,063 shares in the company, valued at $6,504,853.65. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal 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, October 30th, Yury Gryzlov sold 10,512 shares of Grid Dynamics stock. The shares were sold at an average price of $10.51, for a total transaction of $110,481.12.
- On Thursday, October 8th, Yury Gryzlov sold 4,849 shares of Grid Dynamics stock. The shares were sold at an average price of $8.00, for a total transaction of $38,792.00.
- 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 stock was 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 Down 2.3%
Shares of NASDAQ:GDYN opened at $13.37 on Wednesday. Grid Dynamics Holdings, Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $14.02. The firm has a 50-day simple moving average of $8.35 and a 200 day simple moving average of $7.04. The company has a market cap of $1.08 billion, a PE ratio of 65.19 and a beta of 0.88.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.05. The firm had revenue of $114.29 million for the quarter, compared to analysts' expectations of $112.77 million. Grid Dynamics had a net margin of 1.81% and a return on equity of 3.24%. As a group, research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.22 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its position in Grid Dynamics by 60.1% in 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. Illinois Municipal Retirement Fund boosted its stake in Grid Dynamics by 10.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 34,472 shares of the company's stock valued at $196,000 after purchasing an additional 3,143 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Grid Dynamics by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 323,773 shares of the company's stock valued at $1,846,000 after purchasing an additional 7,548 shares during the period. Vise Technologies Inc. acquired a new position in shares of Grid Dynamics during the 3rd quarter valued at $103,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Grid Dynamics during the 2nd quarter valued at $75,000. Institutional investors and hedge funds own 71.18% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on GDYN shares. Weiss Ratings restated a "sell (d)" rating on shares of Grid Dynamics in a research note on Thursday, October 29th. JPMorgan Chase & Co. raised their target price on Grid Dynamics from $8.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, October 30th. TD Cowen raised their target price on Grid Dynamics from $9.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, October 30th. Zacks Research downgraded shares of Grid Dynamics from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 15th. Finally, Needham & Company LLC upped their price target on shares of Grid Dynamics from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Grid Dynamics currently has an average rating of "Hold" and a consensus target price of $11.80.
Get Our Latest Stock Analysis 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 technology infrastructure and develop data-driven products. Its services include software engineering, cloud computing, data engineering, artificial intelligence and machine learning, user experience design, and application modernization.
The company develops and implements technology solutions for industries including retail and consumer packaged goods, financial services, manufacturing, healthcare, and technology.
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