Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 10,306 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $18.66, for a total transaction of $192,309.96. Following the sale, the chief operating officer now directly owns 482,759 shares in the company, valued at approximately $9,008,282.94. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Grid Dynamics Price Performance
NASDAQ GDYN traded down $1.64 during mid-day trading on Monday, reaching $16.78. The stock had a trading volume of 1,168,291 shares, compared to its average volume of 545,214. Grid Dynamics Holdings, Inc. has a 1 year low of $9.07 and a 1 year high of $25.50. The company has a fifty day moving average price of $21.37 and a 200 day moving average price of $18.09. The stock has a market cap of $1.41 billion, a PE ratio of 419.50 and a beta of 1.10.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The company 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%. As a group, equities research analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.
Institutional Investors Weigh In On Grid Dynamics
A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised 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 valued at $123,110,000 after purchasing an additional 1,171,481 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Grid Dynamics by 30.9% in the 3rd quarter. Wellington Management Group LLP now owns 2,859,808 shares of the company's stock worth $40,037,000 after buying an additional 675,419 shares during the period. Loomis Sayles & Co. L P purchased a new position in Grid Dynamics during the 4th quarter valued at about $55,114,000. Dimensional Fund Advisors LP increased its holdings in Grid Dynamics by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,816,447 shares of the company's stock valued at $40,399,000 after buying an additional 17,881 shares during the period. Finally, Next Century Growth Investors LLC lifted its stake in shares of Grid Dynamics by 78.1% during the 4th quarter. Next Century Growth Investors LLC now owns 1,622,226 shares of the company's stock worth $36,078,000 after purchasing an additional 711,150 shares during the last quarter. 71.18% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Needham & Company LLC boosted their target price on shares of Grid Dynamics from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $19.17.
Check Out Our Latest Stock Analysis on Grid Dynamics
About Grid Dynamics
(
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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.
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