Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its holdings in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 780,202 shares of the company's stock after selling 22,235 shares during the quarter. Blair William & Co. IL owned about 0.95% of Grid Dynamics worth $17,352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Intech Investment Management LLC bought a new position in Grid Dynamics in the 3rd quarter valued at $153,000. Charles Schwab Investment Management Inc. grew its position in Grid Dynamics by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 464,206 shares of the company's stock worth $6,499,000 after buying an additional 13,785 shares in the last quarter. Quantbot Technologies LP bought a new position in Grid Dynamics in the 3rd quarter worth about $122,000. FMR LLC raised its holdings in shares of Grid Dynamics by 38.7% in the 3rd quarter. FMR LLC now owns 2,873 shares of the company's stock valued at $40,000 after acquiring an additional 801 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Grid Dynamics during the 3rd quarter valued at about $207,000. Institutional investors own 71.18% of the company's stock.

Analyst Upgrades and Downgrades

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

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Insider Transactions at Grid Dynamics

In other news, CFO Anil Doradla sold 3,000 shares of Grid Dynamics stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $22.12, for a total value of $66,360.00. Following the completion of the transaction, the chief financial officer now owns 343,012 shares in the company, valued at approximately $7,587,425.44. The trade was a 0.87 % 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. Also, COO Yury Gryzlov sold 10,306 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $18.66, for a total transaction of $192,309.96. Following the transaction, the chief operating officer now owns 482,759 shares in the company, valued at $9,008,282.94. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,306 shares of company stock valued at $376,590 over the last 90 days. Company insiders own 7.20% of the company's stock.

Grid Dynamics Price Performance

Grid Dynamics stock traded up $0.20 during midday trading on Wednesday, reaching $15.72. 227,467 shares of the company traded hands, compared to its average volume of 586,730. Grid Dynamics Holdings, Inc. has a 12 month low of $9.07 and a 12 month high of $25.50. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 392.38 and a beta of 1.10. The business has a 50 day moving average of $19.74 and a two-hundred day moving average of $18.40.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced 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 net margin of 1.15% and a negative return on equity of 0.33%. The business had revenue of $100.28 million for the quarter, compared to the consensus estimate of $96.00 million. As a group, equities analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Grid Dynamics 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.