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

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 15,000 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $13.73, for a total transaction of $205,950.00. Following the sale, the chief executive officer now directly owns 3,475,901 shares in the company, valued at $47,724,120.73. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, August 13th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was 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 shares were sold at an average price of $11.63, for a total transaction of $116,300.00.
• On Tuesday, July 2nd, Leonard Livschitz sold 10,000 shares of Grid Dynamics stock. The stock was sold at an average price of $10.38, for a total value of $103,800.00.

Grid Dynamics Trading Up 0.3 %

GDYN opened at $14.05 on Friday. Grid Dynamics Holdings, Inc. has a 12-month low of $9.07 and a 12-month high of $14.70. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 468.49 and a beta of 1.06. The company’s 50 day moving average is $13.46 and its 200 day moving average is $11.67.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Grid Dynamics had a negative net margin of 0.37% and a positive return on equity of 1.05%. The firm had revenue of $83.04 million during the quarter, compared to the consensus estimate of $81.06 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several research firms recently commented on GDYN. Citigroup dropped their price objective on Grid Dynamics from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Needham & Company LLC raised their price target on shares of Grid Dynamics from $16.00 to $17.00 and gave the company a “buy” rating in a report on Monday, August 5th. Cantor Fitzgerald raised shares of Grid Dynamics to a “strong-buy” rating in a report on Monday, August 12th. TD Cowen upgraded shares of Grid Dynamics from a “hold” rating to a “buy” rating and raised their target price for the stock from $12.00 to $16.00 in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lifted their target price 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. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $15.67.

Institutional Trading of Grid Dynamics

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its stake in shares of Grid Dynamics by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,388 shares of the company’s stock valued at $235,000 after acquiring an additional 1,184 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Grid Dynamics in the second quarter worth $191,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Grid Dynamics during the 2nd quarter valued at $141,000. XTX Topco Ltd purchased a new position in shares of Grid Dynamics during the 2nd quarter valued at $129,000. Finally, Hsbc Holdings PLC bought a new position in Grid Dynamics in the 2nd quarter worth $117,000. Hedge funds and other institutional investors own 71.18% of the company’s stock.

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.