Anil Doradla Sells 3,000 Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) CFO Anil Doradla sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $22.12, for a total transaction 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. This represents a 0.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Anil Doradla also recently made the following trade(s):

• On Monday, December 9th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The shares were sold at an average price of $19.08, for a total value of $57,240.00.
• On Thursday, November 7th, Anil Doradla sold 4,000 shares of Grid Dynamics stock. The stock was sold at an average price of $17.66, for a total value of $70,640.00.
• On Friday, November 1st, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The shares were sold at an average price of $17.66, for a total value of $52,980.00.

Grid Dynamics Trading Down 2.1 %

GDYN stock traded down $0.46 during midday trading on Wednesday, reaching $21.12. 714,723 shares of the company's stock traded hands, compared to its average volume of 976,865. The stock's 50-day moving average is $19.12 and its 200 day moving average is $15.32. The stock has a market cap of $1.74 billion, a P/E ratio of 704.23 and a beta of 1.01. Grid Dynamics Holdings, Inc. has a 52-week low of $9.07 and a 52-week high of $24.16.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. Grid Dynamics had a return on equity of 0.15% and a net margin of 0.74%. The company had revenue of $87.40 million for the quarter, compared to analysts' expectations of $85.09 million. During the same period last year, the firm earned $0.08 EPS. Grid Dynamics's revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, research analysts expect that Grid Dynamics Holdings, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GDYN. FMR LLC increased its stake in Grid Dynamics by 38.7% in the 3rd quarter. FMR LLC now owns 2,873 shares of the company's stock worth $40,000 after buying an additional 801 shares in the last quarter. Quarry LP grew its position in shares of Grid Dynamics by 131.5% during the third quarter. Quarry LP now owns 5,236 shares of the company's stock worth $73,000 after purchasing an additional 2,974 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Grid Dynamics during the 2nd quarter valued at approximately $117,000. Quantbot Technologies LP bought a new stake in Grid Dynamics during the 3rd quarter valued at approximately $122,000. Finally, XTX Topco Ltd bought a new position in Grid Dynamics in the 2nd quarter worth approximately $129,000. 71.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GDYN. JPMorgan Chase & Co. boosted their target price on Grid Dynamics from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Needham & Company LLC boosted their price objective on shares of Grid Dynamics from $20.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, December 12th. TD Cowen raised their target price on shares of Grid Dynamics from $16.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Citigroup boosted their target price on shares of Grid Dynamics from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Grid Dynamics presently has an average rating of "Buy" and an average target price of $18.33.

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.