Grid Dynamics (NASDAQ:GDYN) COO Yury Gryzlov Sells 3,930 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 3,930 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $8.00, for a total value of $31,440.00. Following the sale, the chief operating officer owned 508,087 shares of the company’s stock, valued at approximately $4,064,696. The trade was a 0.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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, July 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The shares were sold at an average price of $6.29, for a total value of $7,831.05.
• On Monday, June 1st, Yury Gryzlov sold 4,435 shares of Grid Dynamics stock. The stock was sold at an average price of $8.00, for a total value of $35,480.00.
• On Friday, May 15th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The stock was sold at an average price of $6.45, for a total value of $3,012.15.

Grid Dynamics Trading Up 1.9%

GDYN opened at $7.94 on Friday. Grid Dynamics Holdings, Inc. has a 1-year low of $5.11 and a 1-year high of $10.21. The stock has a market capitalization of $644.17 million, a price-to-earnings ratio of 397.20 and a beta of 0.92. The business has a 50 day moving average of $6.25 and a 200-day moving average of $6.43.

Grid Dynamics (NASDAQ:GDYN) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.11 earnings per share (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 the consensus estimate of $106.55 million. Equities analysts predict that Grid Dynamics Holdings, Inc. will post 0.13 EPS for the current year.

Institutional Investors Weigh In On Grid Dynamics

A number of institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. raised its stake in shares of Grid Dynamics by 236.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,290,786 shares of the company’s stock valued at $33,082,000 after buying an additional 3,017,017 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Grid Dynamics during the 3rd quarter valued at about $8,854,000. Bastion Asset Management Inc. bought a new stake in Grid Dynamics in the first quarter valued at about $6,899,000. Alliancebernstein L.P. increased its stake in Grid Dynamics by 123.9% in the second quarter. Alliancebernstein L.P. now owns 1,896,409 shares of the company’s stock valued at $21,904,000 after acquiring an additional 1,049,519 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in Grid Dynamics by 4,907,857.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,030,671 shares of the company’s stock valued at $9,307,000 after acquiring an additional 1,030,650 shares during the period. Institutional investors and hedge funds own 71.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GDYN. Citigroup restated a “cautious” rating on shares of Grid Dynamics in a report on Friday, May 29th. Needham & Company LLC increased their target price on shares of Grid Dynamics from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Zacks Research raised Grid Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. Jefferies Financial Group lowered Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 price target on the stock. in a research note on Friday, May 29th. Finally, TD Cowen upped their price target on Grid Dynamics from $8.00 to $9.00 and gave the company a “buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.40.

Grid Dynamics Company Profile

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.