Insider Selling: Grid Dynamics (NASDAQ:GDYN) COO Sells $31,344.00 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 3,918 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $8.00, for a total transaction of $31,344.00. Following the transaction, the chief operating officer owned 503,070 shares in the company, valued at approximately $4,024,560. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 transaction of $3,516.51.
• On Thursday, August 13th, Yury Gryzlov sold 3,930 shares of Grid Dynamics stock. The stock was sold at an average price of $8.00, for a total transaction of $31,440.00.
• 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 transaction of $7,831.05.

Grid Dynamics Stock Performance

GDYN opened at $8.06 on Friday. The company has a fifty day moving average price of $6.87 and a two-hundred day moving average price of $6.48. The firm has a market capitalization of $653.91 million, a PE ratio of 403.20 and a beta of 0.89. Grid Dynamics Holdings, Inc. has a 52 week low of $5.11 and a 52 week high of $10.21.

Grid Dynamics (NASDAQ:GDYN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $108.16 million for the quarter, compared to analyst estimates of $106.55 million. Grid Dynamics had a return on equity of 1.90% and a net margin of 0.68%. Equities analysts forecast that Grid Dynamics Holdings, Inc. will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Grid Dynamics

Several institutional investors have recently added to or reduced their stakes in the stock. Banco BTG Pactual S.A. acquired a new position in shares of Grid Dynamics during the fourth quarter worth about $2,574,000. S Squared Technology LLC lifted its stake in Grid Dynamics by 109.3% in the 4th quarter. S Squared Technology LLC now owns 636,737 shares of the company’s stock valued at $5,750,000 after acquiring an additional 332,499 shares in the last quarter. Walleye Capital LLC acquired a new position in Grid Dynamics during the 1st quarter worth approximately $1,007,000. Royce & Associates LP bought a new position in shares of Grid Dynamics during the 4th quarter worth approximately $5,970,000. Finally, 1492 Capital Management LLC raised its holdings in shares of Grid Dynamics by 40.8% in the fourth quarter. 1492 Capital Management LLC now owns 809,951 shares of the company’s stock valued at $7,314,000 after purchasing an additional 234,694 shares during the last quarter. 71.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GDYN has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Grid Dynamics from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Needham & Company LLC lifted their price target on shares of Grid Dynamics from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings restated a “sell (d)” rating on shares of Grid Dynamics in a research report on Friday, July 31st. Citigroup reiterated a “cautious” rating on shares of Grid Dynamics in a report on Friday, May 29th. Finally, Jefferies Financial Group downgraded Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 price target for the company. in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.