Insider Selling: Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Sells 2,000 Shares of Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $13.97, for a total value of $27,940.00. Following the completion of the sale, the chief operating officer now directly owns 476,269 shares in the company, valued at approximately $6,653,477.93. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, April 3rd, Yury Gryzlov sold 737 shares of Grid Dynamics stock. The stock was sold at an average price of $14.80, for a total transaction of $10,907.60.
• On Tuesday, March 11th, Yury Gryzlov sold 2,000 shares of Grid Dynamics stock. The stock was sold at an average price of $16.77, for a total value of $33,540.00.
• 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 transaction of $192,309.96.

Grid Dynamics Price Performance

Shares of NASDAQ GDYN traded up $1.59 during mid-day trading on Wednesday, hitting $14.75. The company’s stock had a trading volume of 924,707 shares, compared to its average volume of 601,226. Grid Dynamics Holdings, Inc. has a one year low of $9.07 and a one year high of $25.50. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 368.75 and a beta of 0.99. The company’s fifty day simple moving average is $18.82 and its 200-day simple moving average is $18.38.

Grid Dynamics (NASDAQ:GDYN) last announced its earnings results on Thursday, February 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The business had revenue of $100.28 million for the quarter, compared to analyst estimates of $96.00 million. Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%. On average, sell-side analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Institutional Trading of Grid Dynamics

Institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its stake in Grid Dynamics by 3.6% during the first quarter. Rhumbline Advisers now owns 167,049 shares of the company’s stock worth $2,614,000 after purchasing an additional 5,787 shares during the period. GAMMA Investing LLC increased its holdings in Grid Dynamics by 10,468.8% in the 1st quarter. GAMMA Investing LLC now owns 24,414 shares of the company’s stock worth $3,820,000 after acquiring an additional 24,183 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Grid Dynamics by 5.2% during the 4th quarter. California State Teachers Retirement System now owns 57,063 shares of the company’s stock worth $1,269,000 after purchasing an additional 2,820 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in Grid Dynamics during the fourth quarter worth about $3,249,000. Finally, Castleark Management LLC purchased a new position in Grid Dynamics in the fourth quarter worth $5,804,000. 71.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC raised their target price on shares of Grid Dynamics from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $19.60.

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.