Yury Gryzlov Sells 2,000 Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 2,000 shares of Grid Dynamics stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $16.77, for a total value of $33,540.00. Following the sale, the chief operating officer now owns 480,759 shares in the company, valued at $8,062,328.43. This trade represents a 0.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 Stock Up 2.8 %

NASDAQ GDYN opened at $16.82 on Friday. The firm has a market cap of $1.41 billion, a P/E ratio of 420.50 and a beta of 1.10. Grid Dynamics Holdings, Inc. has a 52-week low of $9.07 and a 52-week high of $25.50. The business’s 50-day moving average price is $20.84 and its 200 day moving average price is $18.13.

Grid Dynamics (NASDAQ:GDYN) last announced its earnings results on Thursday, February 20th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). The company had revenue of $100.28 million during 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, analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Grid Dynamics

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Grid Dynamics by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 5,535,526 shares of the company’s stock valued at $123,110,000 after acquiring an additional 1,171,481 shares in the last quarter. Wellington Management Group LLP lifted its position in Grid Dynamics by 30.9% in the third quarter. Wellington Management Group LLP now owns 2,859,808 shares of the company’s stock valued at $40,037,000 after purchasing an additional 675,419 shares during the period. Loomis Sayles & Co. L P purchased a new stake in Grid Dynamics in the 4th quarter valued at approximately $55,114,000. Dimensional Fund Advisors LP increased its position in Grid Dynamics by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,816,447 shares of the company’s stock worth $40,399,000 after purchasing an additional 17,881 shares during the period. Finally, Next Century Growth Investors LLC raised its stake in shares of Grid Dynamics by 78.1% during the 4th quarter. Next Century Growth Investors LLC now owns 1,622,226 shares of the company’s stock worth $36,078,000 after buying an additional 711,150 shares in the last quarter. 71.18% of the stock is owned by institutional investors and hedge funds.

Grid Dynamics Company Profile

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.