Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov Sells 737 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 737 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $14.80, for a total transaction of $10,907.60. Following the sale, the chief operating officer now directly owns 478,269 shares of the company’s stock, valued at approximately $7,078,381.20. This represents a 0.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Yury Gryzlov also recently made the following trade(s):

• On Tuesday, March 11th, Yury Gryzlov sold 2,000 shares of Grid Dynamics stock. The shares were sold at an average price of $16.77, for a total value of $33,540.00.
• On Tuesday, March 4th, Yury Gryzlov sold 10,306 shares of Grid Dynamics stock. The stock was sold at an average price of $18.66, for a total value of $192,309.96.

Grid Dynamics Price Performance

Grid Dynamics stock traded down $0.02 during midday trading on Monday, reaching $13.70. The stock had a trading volume of 1,506,413 shares, compared to its average volume of 598,076. The firm’s fifty day simple moving average is $19.31 and its two-hundred day simple moving average is $18.42. Grid Dynamics Holdings, Inc. has a twelve month low of $9.07 and a twelve month high of $25.50. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 342.50 and a beta of 0.99.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The business had revenue of $100.28 million for the quarter, compared to analysts’ expectations of $96.00 million. Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.33%. As a group, sell-side analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Grid Dynamics

A number of large investors have recently made changes to their positions in GDYN. Intech Investment Management LLC acquired a new stake in shares of Grid Dynamics during the third quarter worth approximately $153,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Grid Dynamics by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 464,206 shares of the company’s stock valued at $6,499,000 after buying an additional 13,785 shares during the period. FMR LLC grew its holdings in shares of Grid Dynamics by 38.7% during the 3rd quarter. FMR LLC now owns 2,873 shares of the company’s stock valued at $40,000 after acquiring an additional 801 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Grid Dynamics in the third quarter worth $207,000. Finally, Quarry LP increased its stake in shares of Grid Dynamics by 131.5% in the third quarter. Quarry LP now owns 5,236 shares of the company’s stock worth $73,000 after acquiring an additional 2,974 shares during the last quarter. Institutional investors and hedge funds own 71.18% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC increased their price target on Grid Dynamics from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $19.60.

About Grid Dynamics

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale.