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 firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $10.00, for a total value of $20,000.00. Following the sale, the chief financial officer directly owned 376,475 shares in the company, valued at approximately $3,764,750. This trade represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 Trading Down 0.6%

NASDAQ GDYN traded down $0.06 on Thursday, reaching $9.86. 958,336 shares of the company were exchanged, compared to its average volume of 885,103. The stock has a market capitalization of $835.83 million, a P/E ratio of 65.73 and a beta of 0.82. The business’s fifty day moving average price is $9.07 and its 200 day moving average price is $8.97. Grid Dynamics Holdings, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $25.50.

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

Institutional Trading of Grid Dynamics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Grid Dynamics during the 3rd quarter worth approximately $31,000. GAMMA Investing LLC boosted its holdings in Grid Dynamics by 273.2% during the fourth quarter. GAMMA Investing LLC now owns 3,598 shares of the company’s stock worth $32,000 after buying an additional 2,634 shares during the last quarter. Quarry LP boosted its holdings in Grid Dynamics by 57.1% during the third quarter. Quarry LP now owns 4,835 shares of the company’s stock worth $37,000 after buying an additional 1,757 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Grid Dynamics during the second quarter worth about $43,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Grid Dynamics by 208.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,213 shares of the company’s stock valued at $72,000 after purchasing an additional 4,197 shares during the period. 71.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

About Grid Dynamics

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.