Yury Gryzlov Sells 2,000 Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 2,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $16.77, for a total transaction of $33,540.00. Following the completion of the transaction, the chief operating officer now directly owns 480,759 shares of the company's stock, valued at approximately $8,062,328.43. This represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Yury Gryzlov also recently made the following trade(s):

• On Tuesday, March 4th, Yury Gryzlov sold 10,306 shares of Grid Dynamics stock. The stock was sold at an average price of $18.66, for a total transaction of $192,309.96.

Grid Dynamics Stock Up 2.8 %

Shares of GDYN stock traded up $0.46 during trading on Friday, reaching $16.82. The company's stock had a trading volume of 736,927 shares, compared to its average volume of 555,212. The business has a fifty day moving average price of $20.84 and a 200-day moving average price of $18.20. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 420.50 and a beta of 1.10. Grid Dynamics Holdings, Inc. has a one year low of $9.07 and a one year high of $25.50.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.06). The business had revenue of $100.28 million during the quarter, compared to the consensus estimate of $96.00 million. Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%. Research analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

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Institutional Trading of Grid Dynamics

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC bought a new stake in Grid Dynamics during the third quarter worth $8,589,000. SG Americas Securities LLC acquired a new position in shares of Grid Dynamics in the fourth quarter valued at $242,000. Barclays PLC increased its holdings in shares of Grid Dynamics by 173.8% in the third quarter. Barclays PLC now owns 111,182 shares of the company's stock valued at $1,556,000 after purchasing an additional 70,579 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Grid Dynamics by 30.9% in the third quarter. Wellington Management Group LLP now owns 2,859,808 shares of the company's stock valued at $40,037,000 after purchasing an additional 675,419 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Grid Dynamics by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,381,429 shares of the company's stock valued at $19,344,000 after purchasing an additional 17,763 shares during the last quarter. 71.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC lifted their price target on shares of Grid Dynamics from $25.00 to $30.00 and gave the stock 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. According to MarketBeat, Grid Dynamics presently has a consensus rating of "Buy" and an average target price of $19.60.

Grid Dynamics Company 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.