Insider Selling: Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Sells $105,400.00 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $10.54, for a total transaction of $105,400.00. Following the completion of the transaction, the chief executive officer now directly owns 3,660,691 shares of the company’s stock, valued at $38,583,683.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Leonard Livschitz also recently made the following trade(s):

• On Tuesday, April 9th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $11.87, for a total transaction of $178,050.00.
• On Tuesday, March 26th, Leonard Livschitz sold 11,884 shares of Grid Dynamics stock. The shares were sold at an average price of $12.03, for a total value of $142,964.52.
• On Tuesday, March 12th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $12.36, for a total value of $185,400.00.
• On Tuesday, February 27th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.88, for a total transaction of $208,200.00.
• On Tuesday, February 13th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.08, for a total value of $196,200.00.
• On Tuesday, January 30th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.06, for a total value of $195,900.00.

Grid Dynamics Trading Down 0.1 %

GDYN opened at $9.93 on Friday. Grid Dynamics Holdings, Inc. has a 12-month low of $8.00 and a 12-month high of $14.70. The firm has a 50 day moving average of $12.13 and a two-hundred day moving average of $12.42. The firm has a market capitalization of $754.42 million, a PE ratio of -331.00 and a beta of 0.94.

Grid Dynamics (NASDAQ:GDYN) last issued its earnings results on Thursday, February 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Grid Dynamics had a positive return on equity of 6.77% and a negative net margin of 0.56%. The business had revenue of $78.07 million for the quarter, compared to analysts’ expectations of $76.64 million. During the same period last year, the business earned $0.14 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, analysts predict that Grid Dynamics Holdings, Inc. will post 0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GDYN has been the subject of several recent research reports. Cantor Fitzgerald lifted their price objective on Grid Dynamics from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. Citigroup lowered their price target on shares of Grid Dynamics from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Grid Dynamics from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $15.75.

Institutional Trading of Grid Dynamics

A number of hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in Grid Dynamics during the fourth quarter worth $26,000. SG Americas Securities LLC purchased a new stake in shares of Grid Dynamics during the 3rd quarter worth about $142,000. American Trust grew its position in shares of Grid Dynamics by 10.1% during the 3rd quarter. American Trust now owns 12,963 shares of the company’s stock valued at $158,000 after acquiring an additional 1,186 shares during the period. Johnson Investment Counsel Inc. purchased a new position in shares of Grid Dynamics in the 3rd quarter valued at about $166,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Grid Dynamics by 147.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,246 shares of the company’s stock worth $203,000 after purchasing an additional 9,081 shares during the period. Hedge funds and other institutional investors own 71.18% of the company’s stock.

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.