Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla Sells 2,000 Shares of Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 2,000 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $24.09, for a total value of $48,180.00. Following the sale, the chief financial officer now owns 341,012 shares of the company’s stock, valued at approximately $8,214,979.08. This trade represents a 0.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Anil Doradla also recently made the following trade(s):

• On Tuesday, January 7th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The stock was sold at an average price of $22.12, for a total value of $66,360.00.
• On Monday, December 9th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The shares were sold at an average price of $19.08, for a total transaction of $57,240.00.

Grid Dynamics Stock Performance

NASDAQ GDYN opened at $23.56 on Wednesday. Grid Dynamics Holdings, Inc. has a twelve month low of $9.07 and a twelve month high of $24.60. The stock has a market cap of $1.94 billion, a PE ratio of 785.60 and a beta of 1.01. The firm has a 50-day simple moving average of $21.09 and a 200 day simple moving average of $17.10.

Institutional Trading of Grid Dynamics

Hedge funds have recently modified their holdings of the company. Lord Abbett & CO. LLC acquired a new position in shares of Grid Dynamics in the third quarter valued at $8,589,000. SG Americas Securities LLC bought a new stake in Grid Dynamics in the 4th quarter valued at $242,000. Vontobel Holding Ltd. acquired a new position in shares of Grid Dynamics in the 3rd quarter valued at $1,143,000. Barclays PLC raised its stake in shares of Grid Dynamics by 173.8% in the 3rd quarter. Barclays PLC now owns 111,182 shares of the company’s stock valued at $1,556,000 after buying an additional 70,579 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Grid Dynamics by 30.9% during the 3rd quarter. Wellington Management Group LLP now owns 2,859,808 shares of the company’s stock worth $40,037,000 after acquiring an additional 675,419 shares during the period. Institutional investors own 71.18% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on GDYN. Citigroup raised their target price on shares of Grid Dynamics from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, October 28th. TD Cowen raised their price target on Grid Dynamics from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on Grid Dynamics from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC raised their target price on Grid Dynamics from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Grid Dynamics has an average rating of “Buy” and a consensus price target of $18.33.

About Grid Dynamics

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.