Leonard Livschitz Sells 15,000 Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) CEO Leonard Livschitz sold 15,000 shares of Grid Dynamics stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $14.56, for a total transaction of $218,400.00. Following the sale, the chief executive officer now owns 3,460,901 shares in the company, valued at $50,390,718.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Leonard Livschitz also recently made the following trade(s):

• On Tuesday, September 24th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.73, for a total transaction of $205,950.00.
• On Tuesday, August 13th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.02, for a total transaction of $195,300.00.
• On Tuesday, July 16th, Leonard Livschitz sold 10,000 shares of Grid Dynamics stock. The stock was sold at an average price of $11.63, for a total transaction of $116,300.00.

Grid Dynamics Price Performance

Shares of NASDAQ GDYN traded down $0.34 during midday trading on Wednesday, reaching $14.56. 284,937 shares of the company traded hands, compared to its average volume of 333,709. The stock has a 50-day moving average price of $13.71 and a 200 day moving average price of $11.74. Grid Dynamics Holdings, Inc. has a 52 week low of $9.07 and a 52 week high of $15.11. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 485.00 and a beta of 1.06.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $83.04 million for the quarter, compared to analysts' expectations of $81.06 million. Grid Dynamics had a negative net margin of 0.37% and a positive return on equity of 1.05%. Grid Dynamics's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share.

Hedge Funds Weigh In On Grid Dynamics

Institutional investors and hedge funds have recently bought and sold shares of the business. Fourth Sail Capital LP grew its stake in shares of Grid Dynamics by 138.0% in the 2nd quarter. Fourth Sail Capital LP now owns 769,924 shares of the company's stock valued at $8,092,000 after buying an additional 446,477 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Grid Dynamics by 26.7% in the 4th quarter. Wellington Management Group LLP now owns 1,878,946 shares of the company's stock worth $25,046,000 after purchasing an additional 396,320 shares during the last quarter. Wasatch Advisors LP lifted its holdings in Grid Dynamics by 4.9% in the 1st quarter. Wasatch Advisors LP now owns 7,614,713 shares of the company's stock worth $93,585,000 after purchasing an additional 357,785 shares during the last quarter. Summit Creek Advisors LLC lifted its holdings in Grid Dynamics by 25.1% in the 2nd quarter. Summit Creek Advisors LLC now owns 1,147,992 shares of the company's stock worth $12,065,000 after purchasing an additional 230,688 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Grid Dynamics by 14.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,672,906 shares of the company's stock worth $17,581,000 after purchasing an additional 206,201 shares during the last quarter. Hedge funds and other institutional investors own 71.18% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Needham & Company LLC raised their price target on shares of Grid Dynamics from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday, August 5th. Cantor Fitzgerald raised shares of Grid Dynamics to a "strong-buy" rating in a research report on Monday, August 12th. JPMorgan Chase & Co. raised their price target on shares of Grid Dynamics from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. TD Cowen raised shares of Grid Dynamics from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $12.00 to $16.00 in a report on Friday, August 2nd. Finally, Citigroup decreased their price objective on shares of Grid Dynamics from $15.00 to $14.00 and set a "buy" rating for the company in a report on Friday, July 12th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $15.67.

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.