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 firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $16.77, for a total value of $33,540.00. Following the completion of the transaction, the chief operating officer now owns 480,759 shares in the company, valued at approximately $8,062,328.43. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

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

Grid Dynamics Stock Down 2.2 %

NASDAQ:GDYN traded down $0.36 on Thursday, reaching $16.36. 906,714 shares of the company’s stock traded hands, compared to its average volume of 551,253. The stock has a 50-day simple moving average of $21.05 and a 200-day simple moving average of $18.12. The firm has a market cap of $1.37 billion, a PE ratio of 409.00 and a beta of 1.10. Grid Dynamics Holdings, Inc. has a 12 month low of $9.07 and a 12 month high of $25.50.

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

Institutional Investors Weigh In On Grid Dynamics

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Grid Dynamics by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 5,535,526 shares of the company’s stock worth $123,110,000 after purchasing an additional 1,171,481 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Grid Dynamics by 30.9% in the third quarter. Wellington Management Group LLP now owns 2,859,808 shares of the company’s stock worth $40,037,000 after purchasing an additional 675,419 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Grid Dynamics in the fourth quarter worth about $55,114,000. Dimensional Fund Advisors LP increased its stake in Grid Dynamics by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,816,447 shares of the company’s stock worth $40,399,000 after acquiring an additional 17,881 shares during the last quarter. Finally, Next Century Growth Investors LLC increased its stake in Grid Dynamics by 78.1% during the fourth quarter. Next Century Growth Investors LLC now owns 1,622,226 shares of the company’s stock worth $36,078,000 after acquiring an additional 711,150 shares during the last quarter. 71.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Needham & Company LLC lifted their target price on Grid Dynamics from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $19.17.

About Grid Dynamics

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.