Grid Dynamics (NASDAQ:GDYN) CFO Anil Doradla Sells 2,000 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 2,000 shares of Grid Dynamics stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $10.00, for a total value of $20,000.00. Following the completion of the sale, the chief financial officer directly owned 376,475 shares in the company, valued at approximately $3,764,750. This represents a 0.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, December 9th, Anil Doradla sold 4,368 shares of Grid Dynamics stock. The shares were sold at an average price of $10.00, for a total transaction of $43,680.00.

Grid Dynamics Stock Down 0.6%

Shares of GDYN traded down $0.06 during trading hours on Thursday, hitting $9.86. The company had a trading volume of 958,336 shares, compared to its average volume of 885,103. Grid Dynamics Holdings, Inc. has a 12 month low of $7.37 and a 12 month high of $25.50. The firm has a market cap of $835.83 million, a price-to-earnings ratio of 65.73 and a beta of 0.82. The business has a fifty day moving average of $9.07 and a 200-day moving average of $8.97.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Grid Dynamics had a net margin of 3.42% and a return on equity of 1.74%. The firm had revenue of $104.16 million during the quarter, compared to the consensus estimate of $103.64 million. During the same period last year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, equities analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Grid Dynamics

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Grid Dynamics by 273.2% during the fourth quarter. GAMMA Investing LLC now owns 3,598 shares of the company’s stock worth $32,000 after acquiring an additional 2,634 shares during the period. Canada Pension Plan Investment Board bought a new position in Grid Dynamics in the 2nd quarter valued at $43,000. SBI Securities Co. Ltd. bought a new stake in shares of Grid Dynamics during the 3rd quarter worth $31,000. Quarry LP boosted its holdings in shares of Grid Dynamics by 57.1% in the 3rd quarter. Quarry LP now owns 4,835 shares of the company’s stock worth $37,000 after buying an additional 1,757 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Grid Dynamics by 208.2% during the second quarter. Tower Research Capital LLC TRC now owns 6,213 shares of the company’s stock valued at $72,000 after buying an additional 4,197 shares during the period. Institutional investors own 71.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on GDYN shares. JPMorgan Chase & Co. reduced their price objective on Grid Dynamics from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Grid Dynamics in a research report on Wednesday, December 24th. Needham & Company LLC cut their target price on Grid Dynamics from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Jefferies Financial Group initiated coverage on Grid Dynamics in a report on Monday, September 22nd. They set a “buy” rating and a $11.00 price target on the stock. Finally, Zacks Research raised shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Grid Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $11.33.

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.