Grid Dynamics Holdings, Inc. (NASDAQ:GDYN – Get Free Report) COO Yury Gryzlov sold 3,918 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $8.00, for a total value of $31,344.00. Following the sale, the chief operating officer directly owned 503,070 shares in the company, valued at $4,024,560. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 shares were sold at an average price of $7.53, for a total value of $3,516.51.
- On Thursday, August 13th, Yury Gryzlov sold 3,930 shares of Grid Dynamics stock. The shares were sold at an average price of $8.00, for a total value of $31,440.00.
- On Thursday, July 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The stock was sold at an average price of $6.29, for a total value of $7,831.05.
Grid Dynamics Stock Down 1.7%
Grid Dynamics stock opened at $8.06 on Friday. The business’s 50-day moving average price is $6.87 and its 200 day moving average price is $6.48. The firm has a market cap of $653.91 million, a price-to-earnings 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.
Hedge Funds Weigh In On Grid Dynamics
Several hedge funds and other institutional investors have recently made changes to their positions in GDYN. PNC Financial Services Group Inc. boosted its stake in shares of Grid Dynamics by 50.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,193 shares of the company’s stock worth $47,000 after acquiring an additional 1,742 shares during the last quarter. Quarry LP raised its stake in Grid Dynamics by 57.1% in the 3rd quarter. Quarry LP now owns 4,835 shares of the company’s stock valued at $37,000 after purchasing an additional 1,757 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Grid Dynamics by 175.5% in the 4th quarter. Hantz Financial Services Inc. now owns 3,229 shares of the company’s stock valued at $29,000 after purchasing an additional 2,057 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Grid Dynamics by 10.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 34,472 shares of the company’s stock valued at $196,000 after purchasing an additional 3,143 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Grid Dynamics by 10.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,513 shares of the company’s stock worth $399,000 after purchasing an additional 3,406 shares during the last quarter. Hedge funds and other institutional investors own 71.18% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on GDYN shares. Needham & Company LLC upped their price objective 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. Zacks Research upgraded Grid Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. TD Cowen upped their price target on Grid Dynamics from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings reiterated a “sell (d)” rating on shares of Grid Dynamics in a research report on Friday, July 31st. Finally, Citigroup restated a “cautious” rating on shares of Grid Dynamics in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.40.
Check Out Our Latest Stock Analysis on GDYN
About Grid Dynamics
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.
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