Grid Dynamics Holdings, Inc. (NASDAQ:GDYN – Get Free Report) COO Yury Gryzlov sold 4,849 shares of Grid Dynamics stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $8.00, for a total value of $38,792.00. Following the transaction, the chief operating officer owned 495,290 shares in the company, valued at $3,962,320. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Friday, October 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The shares were sold at an average price of $8.46, for a total value of $10,532.70.
- On Thursday, September 3rd, Yury Gryzlov sold 3,918 shares of Grid Dynamics stock. The stock was sold at an average price of $8.00, for a total value of $31,344.00.
- 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.
Grid Dynamics Stock Performance
Shares of GDYN opened at $8.01 on Friday. The firm has a market cap of $649.85 million, a P/E ratio of 400.70 and a beta of 0.97. Grid Dynamics Holdings, Inc. has a twelve month low of $5.11 and a twelve month high of $10.21. The firm’s 50 day moving average price is $7.80 and its two-hundred day moving average price is $6.70.
Hedge Funds Weigh In On Grid Dynamics
A number of large investors have recently modified their holdings of the business. Fourth Sail Capital LP raised its holdings in Grid Dynamics by 36.2% during the fourth quarter. Fourth Sail Capital LP now owns 3,827,968 shares of the company’s stock worth $34,567,000 after acquiring an additional 1,016,563 shares in the last quarter. Bastion Asset Management Inc. bought a new position in Grid Dynamics in the first quarter valued at approximately $6,899,000. S Squared Technology LLC increased its position in shares of Grid Dynamics by 109.3% during the 4th quarter. S Squared Technology LLC now owns 636,737 shares of the company’s stock worth $5,750,000 after purchasing an additional 332,499 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of Grid Dynamics during the 2nd quarter worth approximately $2,702,000. Finally, Summit Creek Advisors LLC bought a new stake in shares of Grid Dynamics during the 2nd quarter worth approximately $2,452,000. 71.18% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the company. Needham & Company LLC upped their price objective on 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 raised Grid Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. TD Cowen boosted their target price on Grid Dynamics from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price target on Grid Dynamics from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grid Dynamics in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Grid Dynamics has a consensus rating of “Moderate Buy” and a consensus price target of $9.40.
Check Out Our Latest Analysis on GDYN
Grid Dynamics Company Profile
Grid Dynamics Holdings, Inc (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises modernize their businesses through software development, cloud computing, data and analytics, and artificial intelligence. The company designs and builds technology platforms intended to improve operational efficiency, customer experiences, and the use of enterprise data.
Its services include digital commerce and customer experience solutions, cloud and data engineering, machine learning and artificial intelligence, application modernization, and software product development.
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