Grid Dynamics (NASDAQ:GDYN) COO Yury Gryzlov Sells 1,245 Shares of Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 1,245 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $8.46, for a total value of $10,532.70. Following the completion of the sale, the chief operating officer directly owned 500,139 shares of the company’s stock, valued at $4,231,175.94. The trade was a 0.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 3rd, Yury Gryzlov sold 3,918 shares of Grid Dynamics stock. The shares were sold at an average price of $8.00, for a total transaction of $31,344.00.
• On Tuesday, August 18th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The shares were 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.

Grid Dynamics Price Performance

GDYN stock traded down $0.18 during trading on Monday, reaching $7.84. The company had a trading volume of 757,139 shares, compared to its average volume of 1,729,206. The company has a market cap of $636.06 million, a P/E ratio of 392.20 and a beta of 0.97. The business has a 50 day moving average of $7.69 and a 200 day moving average of $6.65. Grid Dynamics Holdings, Inc. has a 52 week low of $5.11 and a 52 week high of $10.21.

Grid Dynamics (NASDAQ:GDYN) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.11 EPS for the quarter, topping 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. Research analysts expect that Grid Dynamics Holdings, Inc. will post 0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GDYN. Needham & Company LLC raised their price objective on Grid Dynamics from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their price target on Grid Dynamics from $7.00 to $8.00 and gave the company an “overweight” rating in a report on Friday, July 31st. TD Cowen upped their price target on shares of Grid Dynamics from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grid Dynamics in a report on Friday, July 31st. Finally, Zacks Research raised Grid Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Grid Dynamics presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GDYN. Fourth Sail Capital LP grew its stake in shares of Grid Dynamics by 36.2% during the 4th quarter. Fourth Sail Capital LP now owns 3,827,968 shares of the company’s stock valued at $34,567,000 after purchasing an additional 1,016,563 shares during the period. Bastion Asset Management Inc. bought a new position in shares of Grid Dynamics in the 1st quarter worth approximately $6,899,000. S Squared Technology LLC boosted its holdings in shares of Grid Dynamics by 109.3% in the fourth quarter. S Squared Technology LLC now owns 636,737 shares of the company’s stock worth $5,750,000 after buying an additional 332,499 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Grid Dynamics during the second quarter valued at approximately $2,702,000. Finally, Banco BTG Pactual S.A. bought a new stake in Grid Dynamics during the fourth quarter valued at approximately $2,574,000. 71.18% of the stock is owned by hedge funds and other institutional investors.

Grid Dynamics Company Profile

Grid Dynamics Holdings, Inc (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises modernize their businesses through software development, cloud computing, data and analytics, and artificial intelligence. The company designs and builds technology platforms intended to improve operational efficiency, customer experiences, and the use of enterprise data.

Its services include digital commerce and customer experience solutions, cloud and data engineering, machine learning and artificial intelligence, application modernization, and software product development.