Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Sells $36,200.00 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) CFO Anil Doradla sold 2,000 shares of Grid Dynamics stock in a transaction on Friday, March 7th. The stock was sold at an average price of $18.10, for a total transaction of $36,200.00. Following the transaction, the chief financial officer now directly owns 366,818 shares in the company, valued at $6,639,405.80. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, February 7th, Anil Doradla sold 2,000 shares of Grid Dynamics stock. The shares were sold at an average price of $24.09, for a total transaction of $48,180.00.
• On Tuesday, January 7th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The stock was sold at an average price of $22.12, for a total transaction of $66,360.00.

Grid Dynamics Stock Down 2.2 %

GDYN traded down $0.36 during trading on Thursday, hitting $16.36. 906,714 shares of the company traded hands, compared to its average volume of 552,652. Grid Dynamics Holdings, Inc. has a one year low of $9.07 and a one year high of $25.50. The stock's fifty day moving average is $20.94 and its 200 day moving average is $18.11. The firm has a market cap of $1.37 billion, a P/E ratio of 409.00 and a beta of 1.10.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.06). The company had revenue of $100.28 million for the quarter, compared to the consensus estimate of $96.00 million. Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.33%. On average, equities research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

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Analyst Ratings Changes

Separately, Needham & Company LLC lifted their target price 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. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $19.17.

Institutional Trading of Grid Dynamics

Several hedge funds have recently made changes to their positions in GDYN. Loomis Sayles & Co. L P purchased a new stake in Grid Dynamics in the 4th quarter worth about $55,114,000. Vanguard Group Inc. boosted its position in Grid Dynamics by 26.8% during the fourth quarter. Vanguard Group Inc. now owns 5,535,526 shares of the company's stock worth $123,110,000 after purchasing an additional 1,171,481 shares during the period. Focus Partners Wealth purchased a new position in shares of Grid Dynamics in the fourth quarter worth about $23,053,000. William Blair Investment Management LLC bought a new stake in shares of Grid Dynamics in the fourth quarter valued at approximately $22,192,000. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of Grid Dynamics during the 4th quarter valued at approximately $20,162,000. 71.18% of the stock is currently owned by institutional investors.

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.