Leonard Livschitz Sells 10,000 Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $10.54, for a total value of $105,400.00. Following the completion of the transaction, the chief executive officer now owns 3,660,691 shares in the company, valued at $38,583,683.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, April 9th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $11.87, for a total value of $178,050.00.
• On Tuesday, March 26th, Leonard Livschitz sold 11,884 shares of Grid Dynamics stock. The shares were sold at an average price of $12.03, for a total transaction of $142,964.52.
• On Tuesday, March 12th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $12.36, for a total transaction of $185,400.00.
• On Tuesday, February 27th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.88, for a total transaction of $208,200.00.
• On Tuesday, February 13th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.08, for a total value of $196,200.00.
• On Tuesday, January 30th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.06, for a total value of $195,900.00.

Grid Dynamics Price Performance

Shares of Grid Dynamics stock traded down $0.18 during trading on Wednesday, hitting $10.24. The stock had a trading volume of 246,539 shares, compared to its average volume of 302,266. The stock has a market cap of $777.93 million, a PE ratio of -341.55 and a beta of 0.94. Grid Dynamics Holdings, Inc. has a 12 month low of $8.00 and a 12 month high of $14.70. The firm’s fifty day simple moving average is $12.36 and its 200-day simple moving average is $12.48.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Grid Dynamics had a positive return on equity of 6.77% and a negative net margin of 0.56%. The business had revenue of $78.07 million during the quarter, compared to analysts’ expectations of $76.64 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Analysts expect that Grid Dynamics Holdings, Inc. will post 0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GDYN. JPMorgan Chase & Co. upped their price target on shares of Grid Dynamics from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Citigroup decreased their price target on shares of Grid Dynamics from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Cantor Fitzgerald lifted their price objective on shares of Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, Grid Dynamics currently has a consensus rating of “Buy” and a consensus price target of $15.75.

Institutional Trading of Grid Dynamics

Several institutional investors and hedge funds have recently made changes to their positions in GDYN. Wellington Management Group LLP raised its stake in Grid Dynamics by 113.9% in the third quarter. Wellington Management Group LLP now owns 1,482,626 shares of the company’s stock worth $18,058,000 after buying an additional 789,373 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Grid Dynamics by 5.8% in the third quarter. Public Employees Retirement System of Ohio now owns 271,591 shares of the company’s stock valued at $3,308,000 after purchasing an additional 14,940 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Grid Dynamics by 41.1% during the fourth quarter. Mutual of America Capital Management LLC now owns 209,208 shares of the company’s stock valued at $2,789,000 after buying an additional 60,906 shares during the last quarter. Barclays PLC boosted its holdings in shares of Grid Dynamics by 8.5% in the 3rd quarter. Barclays PLC now owns 26,063 shares of the company’s stock valued at $318,000 after buying an additional 2,036 shares in the last quarter. Finally, S Squared Technology LLC lifted its position in Grid Dynamics by 13.5% during the third quarter. S Squared Technology LLC now owns 229,781 shares of the company’s stock valued at $2,799,000 after acquiring an additional 27,257 shares during the last quarter. 71.18% of the stock is currently owned by institutional investors.

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.