Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov Sells 737 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 737 shares of Grid Dynamics stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $14.80, for a total transaction of $10,907.60. Following the completion of the transaction, the chief operating officer now owns 478,269 shares in the company, valued at $7,078,381.20. This trade represents a 0.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, April 8th, Yury Gryzlov sold 2,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.97, for a total value of $27,940.00.
• On Tuesday, March 11th, Yury Gryzlov sold 2,000 shares of Grid Dynamics stock. The stock was sold at an average price of $16.77, for a total value of $33,540.00.
• On Tuesday, March 4th, Yury Gryzlov sold 10,306 shares of Grid Dynamics stock. The shares were sold at an average price of $18.66, for a total value of $192,309.96.

Grid Dynamics Stock Up 0.1 %

GDYN traded up $0.01 during trading on Friday, reaching $13.53. 568,640 shares of the company's stock were exchanged, compared to its average volume of 604,626. Grid Dynamics Holdings, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $25.50. The company has a market capitalization of $1.13 billion, a P/E ratio of 338.25 and a beta of 0.99. The business has a 50 day moving average price of $18.13 and a 200 day moving average price of $18.36.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GDYN. American Century Companies Inc. increased its position in shares of Grid Dynamics by 824.9% during the 4th quarter. American Century Companies Inc. now owns 621,465 shares of the company's stock worth $13,821,000 after purchasing an additional 554,275 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Grid Dynamics in the third quarter valued at approximately $8,589,000. SG Americas Securities LLC acquired a new position in shares of Grid Dynamics in the 4th quarter worth approximately $242,000. Barclays PLC grew its position in Grid Dynamics by 173.8% during the 3rd quarter. Barclays PLC now owns 111,182 shares of the company's stock worth $1,556,000 after acquiring an additional 70,579 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Grid Dynamics by 30.9% during the 3rd 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 in the last quarter. 71.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Needham & Company LLC increased their price target on shares of Grid Dynamics from $25.00 to $30.00 and gave the company a "buy" rating in a 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus 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.