Grid Dynamics Holdings, Inc. (NASDAQ:GDYN – Get Free Report) COO Yury Gryzlov sold 10,512 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $10.51, for a total transaction of $110,481.12. Following the completion of the sale, the chief operating officer directly owned 484,778 shares in the company, valued at $5,095,016.78. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Thursday, October 8th, Yury Gryzlov sold 4,849 shares of Grid Dynamics stock. The stock was sold at an average price of $8.00, for a total transaction of $38,792.00.
- 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 transaction 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 transaction 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 shares were sold at an average price of $8.00, for a total transaction of $31,440.00.
Grid Dynamics Stock Performance
GDYN stock opened at $13.36 on Friday. The firm has a 50 day moving average price of $8.12 and a 200-day moving average price of $6.99. Grid Dynamics Holdings, Inc. has a 52-week low of $5.11 and a 52-week high of $13.39. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 148.44 and a beta of 0.97.
Grid Dynamics (NASDAQ:GDYN – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. The company had revenue of $114.29 million for the quarter, compared to the consensus estimate of $112.77 million. Grid Dynamics had a return on equity of 3.23% and a net margin of 1.81%. As a group, sell-side analysts forecast that Grid Dynamics Holdings, Inc. will post 0.20 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
GDYN has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Grid Dynamics from $8.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grid Dynamics in a research report on Thursday. TD Cowen upped their price target on shares of Grid Dynamics from $9.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday. Needham & Company LLC increased their price objective on shares of Grid Dynamics from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Friday. Finally, Zacks Research lowered shares of Grid Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.80.
View Our Latest Stock Report on GDYN
Institutional Investors Weigh In On Grid Dynamics
Large investors have recently bought and sold shares of the business. Bastion Asset Management Inc. purchased a new stake in shares of Grid Dynamics during the 1st quarter valued at about $6,899,000. Squarepoint Ops LLC purchased a new position in shares of Grid Dynamics during the second quarter valued at approximately $2,702,000. Summit Creek Advisors LLC purchased a new position in shares of Grid Dynamics during the second quarter valued at approximately $2,452,000. Bank of America Corp DE lifted its position in Grid Dynamics by 76.4% during the first quarter. Bank of America Corp DE now owns 364,342 shares of the company’s stock valued at $2,077,000 after purchasing an additional 157,767 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Grid Dynamics by 2.4% during the first quarter. Principal Financial Group Inc. now owns 323,773 shares of the company’s stock valued at $1,846,000 after purchasing an additional 7,548 shares during the period. 71.18% of the stock is currently owned by institutional investors.
Key Headlines Impacting Grid Dynamics
Here are the key news stories impacting Grid Dynamics this week:
- Positive Sentiment: Q3 earnings and revenue exceeded expectations. Grid Dynamics reported adjusted earnings of $0.18 per share, above the $0.12–$0.13 consensus range and up from $0.09 a year earlier. Revenue reached $114.29 million, topping the $112.77 million estimate. Grid Dynamics Q3 earnings report
- Positive Sentiment: Record quarterly performance and constructive guidance supported the rally. Company coverage characterized the quarter as a record result, while management’s outlook for the next quarter was described as optimistic, reinforcing expectations for continued growth. Grid Dynamics record third-quarter results
- Positive Sentiment: TD Cowen raised its price target and initiated a Buy recommendation. The firm increased its target from $9 to $13, signaling improved confidence in Grid Dynamics’ earnings and growth prospects. TD Cowen analyst recommendation
- Positive Sentiment: The company launched a business process consulting practice. The new offering could broaden Grid Dynamics’ services and create additional opportunities to win enterprise transformation work. Grid Dynamics consulting practice launch
- Neutral Sentiment: Despite the Buy rating, TD Cowen’s $13 target is slightly below the stock’s current trading level, indicating that much of the near-term optimism may already be reflected in the shares.
- Negative Sentiment: Grid Dynamics remains richly valued relative to reported profitability, with a very high price-to-earnings ratio and a net margin below 1%, leaving the stock sensitive to any slowdown in growth or weaker future guidance.
Grid Dynamics Company Profile
Grid Dynamics Holdings, Inc (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises modernize their technology infrastructure and develop data-driven products. Its services include software engineering, cloud computing, data engineering, artificial intelligence and machine learning, user experience design, and application modernization.
The company develops and implements technology solutions for industries including retail and consumer packaged goods, financial services, manufacturing, healthcare, and technology.
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