Grid Dynamics (NASDAQ:GDYN) COO Sells $110,481.12 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 10,512 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $10.51, for a total transaction of $110,481.12. Following the completion of the transaction, the chief operating officer directly owned 484,778 shares of the company’s stock, valued at approximately $5,095,016.78. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 Thursday, October 8th, Yury Gryzlov sold 4,849 shares of Grid Dynamics stock. The shares were sold at an average price of $8.00, for a total transaction of $38,792.00.
• On Friday, October 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The stock was sold at an average price of $8.46, for a total value of $10,532.70.
• 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 value 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 value 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 value of $31,440.00.

Grid Dynamics Price Performance

Shares of Grid Dynamics stock traded up $3.87 on Friday, reaching $13.36. The company had a trading volume of 8,563,175 shares, compared to its average volume of 1,054,520. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 148.44 and a beta of 0.97. The firm’s 50-day moving average price is $8.12 and its two-hundred day moving average price is $6.99. Grid Dynamics Holdings, Inc. has a 1 year low of $5.11 and a 1 year high of $13.39.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. The company had revenue of $114.29 million for the quarter, compared to analyst estimates of $112.77 million. Grid Dynamics had a return on equity of 3.23% and a net margin of 1.81%. As a group, analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.20 EPS for the current year.

Institutional Trading of Grid Dynamics

Several institutional investors and hedge funds have recently modified their holdings of GDYN. Bank of America Corp DE boosted its holdings in shares of Grid Dynamics by 76.4% in the first quarter. Bank of America Corp DE now owns 364,342 shares of the company’s stock valued at $2,077,000 after purchasing an additional 157,767 shares during the period. Pacer Advisors Inc. purchased a new position in Grid Dynamics during the 1st quarter worth $884,000. Walleye Capital LLC purchased a new position in Grid Dynamics during the 1st quarter worth $1,007,000. Quantinno Capital Management LP raised its position in Grid Dynamics by 460.4% during the 1st quarter. Quantinno Capital Management LP now owns 206,289 shares of the company’s stock valued at $1,176,000 after purchasing an additional 169,477 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Grid Dynamics during the 2nd quarter valued at $2,702,000. Institutional investors own 71.18% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Grid Dynamics in a research report on Thursday. Needham & Company LLC upped their target price on Grid Dynamics from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday. Zacks Research downgraded Grid Dynamics from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. JPMorgan Chase & Co. raised their price target on Grid Dynamics from $8.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, TD Cowen boosted their price objective on Grid Dynamics from $9.00 to $13.00 and gave the company a “buy” rating in a report on Friday. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.80.

Key Stories Impacting Grid Dynamics

Here are the key news stories impacting Grid Dynamics this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Grid Dynamics reported adjusted earnings of $0.18 per share, above the $0.12–$0.13 consensus range and up from $0.09 a year earlier. Revenue reached $114.29 million, topping the $112.77 million estimate. Grid Dynamics Q3 earnings report
• Positive Sentiment: Record quarterly performance and constructive guidance supported the rally. Company coverage characterized the quarter as a record result, while management’s outlook for the next quarter was described as optimistic, reinforcing expectations for continued growth. Grid Dynamics record third-quarter results
• Positive Sentiment: TD Cowen raised its price target and initiated a Buy recommendation. The firm increased its target from $9 to $13, signaling improved confidence in Grid Dynamics’ earnings and growth prospects. TD Cowen analyst recommendation
• Positive Sentiment: The company launched a business process consulting practice. The new offering could broaden Grid Dynamics’ services and create additional opportunities to win enterprise transformation work. Grid Dynamics consulting practice launch
• Neutral Sentiment: Despite the Buy rating, TD Cowen’s $13 target is slightly below the stock’s current trading level, indicating that much of the near-term optimism may already be reflected in the shares.
• Negative Sentiment: Grid Dynamics remains richly valued relative to reported profitability, with a very high price-to-earnings ratio and a net margin below 1%, leaving the stock sensitive to any slowdown in growth or weaker future guidance.

About Grid Dynamics

Grid Dynamics Holdings, Inc (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises modernize their technology infrastructure and develop data-driven products. Its services include software engineering, cloud computing, data engineering, artificial intelligence and machine learning, user experience design, and application modernization.

The company develops and implements technology solutions for industries including retail and consumer packaged goods, financial services, manufacturing, healthcare, and technology.