Yury Gryzlov Sells 3,930 Shares of Grid Dynamics (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 3,930 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $8.00, for a total transaction of $31,440.00. Following the sale, the chief operating officer owned 508,087 shares in the company, valued at approximately $4,064,696. This trade represents a 0.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, July 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The shares were sold at an average price of $6.29, for a total value of $7,831.05.
• On Monday, June 1st, Yury Gryzlov sold 4,435 shares of Grid Dynamics stock. The stock was sold at an average price of $8.00, for a total value of $35,480.00.
• On Friday, May 15th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The stock was sold at an average price of $6.45, for a total value of $3,012.15.

Grid Dynamics Stock Up 1.9%

Shares of NASDAQ:GDYN traded up $0.15 during midday trading on Thursday, reaching $7.94. The company’s stock had a trading volume of 1,123,906 shares, compared to its average volume of 1,897,819. The firm has a market cap of $644.17 million, a price-to-earnings ratio of 397.20 and a beta of 0.92. The business has a 50 day moving average price of $6.25 and a 200 day moving average price of $6.43. Grid Dynamics Holdings, Inc. has a 1 year low of $5.11 and a 1 year high of $10.21.

Grid Dynamics (NASDAQ:GDYN) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Grid Dynamics had a net margin of 0.68% and a return on equity of 1.90%. The company had revenue of $108.16 million during the quarter, compared to the consensus estimate of $106.55 million. Sell-side analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grid Dynamics

Several institutional investors have recently bought and sold shares of the business. Summit Creek Advisors LLC acquired a new stake in shares of Grid Dynamics in the second quarter worth $2,452,000. FNY Investment Advisers LLC acquired a new position in shares of Grid Dynamics during the 2nd quarter valued at $99,000. Mirador Capital Partners LP boosted its position in Grid Dynamics by 10.6% during the 2nd quarter. Mirador Capital Partners LP now owns 189,086 shares of the company’s stock worth $1,074,000 after purchasing an additional 18,108 shares during the period. Pacer Advisors Inc. purchased a new stake in Grid Dynamics during the 1st quarter worth $884,000. Finally, Bank of America Corp DE increased its holdings in Grid Dynamics by 76.4% in the 1st quarter. Bank of America Corp DE now owns 364,342 shares of the company’s stock valued at $2,077,000 after purchasing an additional 157,767 shares in the last quarter. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of Grid Dynamics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Jefferies Financial Group lowered Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a research report on Friday, May 29th. Citigroup reiterated a “cautious” rating on shares of Grid Dynamics in a report on Friday, May 29th. JPMorgan Chase & Co. boosted their price target on Grid Dynamics from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, TD Cowen upped their price target on Grid Dynamics from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Grid Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $9.40.

Grid Dynamics Company Profile

Grid Dynamics (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises accelerate their digital transformation initiatives. The company specializes in designing and implementing scalable, cloud-native solutions that leverage advanced analytics, machine learning and artificial intelligence to optimize operations, enhance customer experiences and drive revenue growth. Its technology expertise spans e-commerce platforms, modern data architectures, DevOps and automation, as well as custom application development across a range of industries including retail, financial services, high tech and automotive.

Key service offerings include cloud migration and modernization, data engineering and analytics, AI/ML-driven insights, digital commerce and omnichannel solutions.