Grid Dynamics (NASDAQ:GDYN) COO Yury Gryzlov Sells 3,918 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 3,918 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $8.00, for a total transaction of $31,344.00. Following the sale, the chief operating officer directly owned 503,070 shares of the company’s stock, valued at $4,024,560. This represents a 0.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 18th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The stock was sold at an average price of $7.53, for a total transaction of $3,516.51.
• On Thursday, August 13th, Yury Gryzlov sold 3,930 shares of Grid Dynamics stock. The stock was sold at an average price of $8.00, for a total transaction of $31,440.00.
• On Thursday, July 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The shares were sold at an average price of $6.29, for a total transaction of $7,831.05.

Grid Dynamics Stock Up 4.5%

GDYN opened at $8.20 on Friday. Grid Dynamics Holdings, Inc. has a twelve month low of $5.11 and a twelve month high of $10.21. The company has a fifty day moving average of $6.82 and a 200-day moving average of $6.47. The stock has a market cap of $665.27 million, a PE ratio of 410.21 and a beta of 0.89.

Grid Dynamics (NASDAQ:GDYN) last released its earnings results on Thursday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Grid Dynamics had a net margin of 0.68% and a return on equity of 1.90%. The business had revenue of $108.16 million for the quarter, compared to analyst estimates of $106.55 million. Sell-side analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GDYN. Banco BTG Pactual S.A. bought a new stake in Grid Dynamics during the fourth quarter worth $2,574,000. S Squared Technology LLC lifted its stake in Grid Dynamics by 109.3% during the 4th quarter. S Squared Technology LLC now owns 636,737 shares of the company’s stock valued at $5,750,000 after acquiring an additional 332,499 shares in the last quarter. Walleye Capital LLC purchased a new position in Grid Dynamics during the 1st quarter worth $1,007,000. 1492 Capital Management LLC boosted its holdings in Grid Dynamics by 40.8% during the 4th quarter. 1492 Capital Management LLC now owns 809,951 shares of the company’s stock worth $7,314,000 after acquiring an additional 234,694 shares during the last quarter. Finally, Royce & Associates LP bought a new stake in shares of Grid Dynamics in the 4th quarter worth $5,970,000. 71.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Needham & Company LLC raised their target price on Grid Dynamics from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Citigroup reissued a “cautious” rating on shares of Grid Dynamics in a research note on Friday, May 29th. Jefferies Financial Group downgraded shares of Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a research report on Friday, May 29th. TD Cowen raised their price objective on shares of Grid Dynamics from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Zacks Research upgraded shares of Grid Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Grid Dynamics presently has a consensus rating of “Moderate Buy” and an average price target of $9.40.

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.