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

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

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

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

Grid Dynamics Price Performance

GDYN opened at $16.36 on Friday. Grid Dynamics Holdings, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $25.50. The firm has a market capitalization of $1.37 billion, a PE ratio of 409.00 and a beta of 1.10. The company’s 50-day moving average is $20.94 and its 200 day moving average is $18.11.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.04 EPS 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 negative return on equity of 0.33% and a net margin of 1.15%. As a group, analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

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 report on Friday, February 21st. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $19.60.

Hedge Funds Weigh In On Grid Dynamics

Large investors have recently bought and sold shares of the stock. Loomis Sayles & Co. L P purchased a new stake in shares of Grid Dynamics in the fourth quarter valued at about $55,114,000. Vanguard Group Inc. increased its stake in Grid Dynamics by 26.8% in the 4th quarter. Vanguard Group Inc. now owns 5,535,526 shares of the company’s stock valued at $123,110,000 after buying an additional 1,171,481 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Grid Dynamics during the 4th quarter worth approximately $23,053,000. William Blair Investment Management LLC purchased a new position in shares of Grid Dynamics in the 4th quarter worth approximately $22,192,000. Finally, Ensign Peak Advisors Inc bought a new position in shares of Grid Dynamics in the fourth quarter valued at approximately $20,162,000. 71.18% of the stock is currently owned by institutional investors.

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.