Grid Dynamics (NASDAQ:GDYN) COO Yury Gryzlov Sells 4,715 Shares of Company Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 4,715 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $13.55, for a total value of $63,888.25. Following the completion of the transaction, the chief operating officer directly owned 480,063 shares in the company, valued at $6,504,853.65. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, October 30th, Yury Gryzlov sold 10,512 shares of Grid Dynamics stock. The shares were sold at an average price of $10.51, for a total value of $110,481.12.
• On Thursday, October 8th, Yury Gryzlov sold 4,849 shares of Grid Dynamics stock. The shares were sold at an average price of $8.00, for a total value of $38,792.00.
• On Friday, October 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The stock was sold at an average price of $8.46, for a total value of $10,532.70.
• On Thursday, September 3rd, Yury Gryzlov sold 3,918 shares of Grid Dynamics stock. The stock was sold at an average price of $8.00, for a total value of $31,344.00.
• On Tuesday, August 18th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The stock was sold at an average price of $7.53, for a total value of $3,516.51.
• On Thursday, August 13th, Yury Gryzlov sold 3,930 shares of Grid Dynamics stock. The shares were sold at an average price of $8.00, for a total value of $31,440.00.

Grid Dynamics Price Performance

NASDAQ GDYN opened at $13.37 on Wednesday. Grid Dynamics Holdings, Inc. has a 1-year low of $5.11 and a 1-year high of $14.02. The firm has a market capitalization of $1.08 billion, a P/E ratio of 65.19 and a beta of 0.88. The business’s 50-day simple moving average is $8.35 and its 200-day simple moving average is $7.04.

Grid Dynamics (NASDAQ:GDYN) last posted its earnings results on Thursday, October 29th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. Grid Dynamics had a net margin of 1.81% and a return on equity of 3.24%. The firm had revenue of $114.29 million during the quarter, compared to the consensus estimate of $112.77 million. On average, equities research analysts expect that Grid Dynamics Holdings, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Grid Dynamics

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in shares of Grid Dynamics by 76.4% in the first quarter. Bank of America Corp DE now owns 364,342 shares of the company’s stock worth $2,077,000 after buying an additional 157,767 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Grid Dynamics in the 1st quarter valued at about $884,000. Walleye Capital LLC bought a new position in shares of Grid Dynamics during the first quarter worth about $1,007,000. Quantinno Capital Management LP lifted its position in shares of Grid Dynamics by 460.4% during the first quarter. Quantinno Capital Management LP now owns 206,289 shares of the company’s stock worth $1,176,000 after purchasing an additional 169,477 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Grid Dynamics in the second quarter worth about $2,702,000. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GDYN shares. Needham & Company LLC raised their target price on shares of Grid Dynamics from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings restated a “sell (d)” rating on shares of Grid Dynamics in a report on Thursday, October 29th. TD Cowen upped their price target on shares of Grid Dynamics from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Zacks Research downgraded Grid Dynamics from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. Finally, JPMorgan Chase & Co. raised their price objective on Grid Dynamics from $8.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.80.

Grid Dynamics Company Profile

Grid Dynamics Holdings, Inc (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises modernize their technology infrastructure and develop data-driven products. Its services include software engineering, cloud computing, data engineering, artificial intelligence and machine learning, user experience design, and application modernization.

The company develops and implements technology solutions for industries including retail and consumer packaged goods, financial services, manufacturing, healthcare, and technology.