Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) has received a consensus recommendation of "Buy" from the six analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $19.60.
Separately, Needham & Company LLC upped their price objective on shares of Grid Dynamics from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 21st.
View Our Latest Analysis on Grid Dynamics
Grid Dynamics Trading Up 0.7 %
Grid Dynamics stock traded up $0.09 during midday trading on Friday, hitting $13.06. 877,668 shares of the stock were exchanged, compared to its average volume of 605,143. The stock's 50-day simple moving average is $17.31 and its 200 day simple moving average is $18.31. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 326.50 and a beta of 0.99. Grid Dynamics has a fifty-two week low of $9.07 and a fifty-two week high of $25.50.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last posted its earnings results 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 analysts' expectations of $96.00 million. Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.33%. Equities analysts anticipate that Grid Dynamics will post 0.18 EPS for the current fiscal year.
Insider Buying and Selling at Grid Dynamics
In related news, CFO Anil Doradla sold 2,000 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $24.09, for a total transaction of $48,180.00. Following the completion of the transaction, the chief financial officer now directly owns 341,012 shares of the company's stock, valued at $8,214,979.08. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Yury Gryzlov sold 10,306 shares of Grid Dynamics stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $18.66, for a total value of $192,309.96. Following the completion of the transaction, the chief operating officer now owns 482,759 shares of the company's stock, valued at $9,008,282.94. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,043 shares of company stock valued at $349,078 in the last 90 days. Company insiders own 7.20% of the company's stock.
Institutional Trading of Grid Dynamics
A number of institutional investors have recently bought and sold shares of the business. USA Financial Formulas acquired a new stake in Grid Dynamics during the first quarter worth approximately $42,000. SG Americas Securities LLC lifted its holdings in shares of Grid Dynamics by 426.8% in the 1st quarter. SG Americas Securities LLC now owns 57,363 shares of the company's stock valued at $898,000 after purchasing an additional 46,475 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Grid Dynamics by 25.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 13,639 shares of the company's stock valued at $213,000 after purchasing an additional 2,736 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Grid Dynamics by 3.6% in the 1st quarter. Rhumbline Advisers now owns 167,049 shares of the company's stock valued at $2,614,000 after purchasing an additional 5,787 shares during the period. Finally, GAMMA Investing LLC grew its stake in Grid Dynamics by 10,468.8% during the 1st quarter. GAMMA Investing LLC now owns 24,414 shares of the company's stock worth $3,820,000 after buying an additional 24,183 shares during the last quarter. 71.18% of the stock is owned by hedge funds and other institutional investors.
About Grid Dynamics
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Get Free ReportGrid 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.
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