Grid Dynamics (NASDAQ:GDYN) CFO Anil Doradla Sells 2,000 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $10.00, for a total value of $20,000.00. Following the transaction, the chief financial officer directly owned 376,475 shares in the company, valued at $3,764,750. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Anil Doradla also recently made the following trade(s):

• On Tuesday, December 9th, Anil Doradla sold 4,368 shares of Grid Dynamics stock. The shares were sold at an average price of $10.00, for a total value of $43,680.00.

Grid Dynamics Stock Performance

NASDAQ:GDYN opened at $9.86 on Friday. The firm has a market cap of $835.82 million, a price-to-earnings ratio of 65.73 and a beta of 0.82. The firm’s 50-day simple moving average is $9.07 and its 200 day simple moving average is $8.97. Grid Dynamics Holdings, Inc. has a 52 week low of $7.37 and a 52 week high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last released its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Grid Dynamics had a return on equity of 1.74% and a net margin of 3.42%.The firm had revenue of $104.16 million for the quarter, compared to analysts’ expectations of $103.64 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. Sell-side analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GDYN. Jefferies Financial Group initiated coverage on shares of Grid Dynamics in a report on Monday, September 22nd. They set a “buy” rating and a $11.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Grid Dynamics from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Zacks Research upgraded Grid Dynamics from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Needham & Company LLC reduced their target price on shares of Grid Dynamics from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grid Dynamics in a research report on Wednesday, December 24th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Hedge Funds Weigh In On Grid Dynamics

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in Grid Dynamics by 273.2% in the fourth quarter. GAMMA Investing LLC now owns 3,598 shares of the company’s stock valued at $32,000 after acquiring an additional 2,634 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Grid Dynamics by 271.1% in the third quarter. JPMorgan Chase & Co. now owns 513,677 shares of the company’s stock valued at $3,960,000 after purchasing an additional 375,254 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Grid Dynamics in the third quarter valued at approximately $8,854,000. PharVision Advisers LLC purchased a new stake in Grid Dynamics during the 3rd quarter worth approximately $244,000. Finally, American Trust acquired a new stake in Grid Dynamics during the 3rd quarter worth approximately $85,000. Institutional investors and hedge funds own 71.18% of the company’s stock.

Grid Dynamics Company Profile

Grid Dynamics (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises accelerate their digital transformation initiatives. The company specializes in designing and implementing scalable, cloud-native solutions that leverage advanced analytics, machine learning and artificial intelligence to optimize operations, enhance customer experiences and drive revenue growth. Its technology expertise spans e-commerce platforms, modern data architectures, DevOps and automation, as well as custom application development across a range of industries including retail, financial services, high tech and automotive.

Key service offerings include cloud migration and modernization, data engineering and analytics, AI/ML-driven insights, digital commerce and omnichannel solutions.