Grid Dynamics Holdings, Inc. (NASDAQ:GDYN – Get Free Report) CFO Anil Doradla sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $13.26, for a total value of $19,890.00. Following the completion of the sale, the chief financial officer directly owned 373,009 shares in the company, valued at approximately $4,946,099.34. This trade represents a 0.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Anil Doradla also recently made the following trade(s):
- On Friday, October 30th, Anil Doradla sold 20,000 shares of Grid Dynamics stock. The stock was sold at an average price of $10.51, for a total value of $210,200.00.
Grid Dynamics Stock Performance
Shares of NASDAQ:GDYN traded up $0.20 on Monday, hitting $13.30. The company’s stock had a trading volume of 1,292,930 shares, compared to its average volume of 1,718,705. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 147.78 and a beta of 0.88. The stock’s 50-day moving average is $8.68 and its two-hundred day moving average is $7.10. Grid Dynamics Holdings, Inc. has a 12 month low of $5.11 and a 12 month high of $14.02.
Grid Dynamics (NASDAQ:GDYN – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. Grid Dynamics had a return on equity of 3.24% and a net margin of 1.81%. The company had revenue of $114.29 million for the quarter, compared to analysts’ expectations of $112.77 million. Equities analysts expect that Grid Dynamics Holdings, Inc. will post 0.26 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms recently issued reports on GDYN. Wall Street Zen raised Grid Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen boosted their target price on shares of Grid Dynamics from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Grid Dynamics in a research report on Thursday, October 29th. Needham & Company LLC lifted their target price on Grid Dynamics from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Grid Dynamics from $8.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grid Dynamics presently has an average rating of “Hold” and an average price target of $11.80.
Check Out Our Latest Stock Report on GDYN
Hedge Funds Weigh In On Grid Dynamics
Several institutional investors have recently modified their holdings of GDYN. Bank of America Corp DE boosted its position in shares of Grid Dynamics by 76.4% during the first quarter. Bank of America Corp DE now owns 364,342 shares of the company’s stock worth $2,077,000 after purchasing an additional 157,767 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Grid Dynamics in the 1st quarter valued at $884,000. Walleye Capital LLC bought a new stake in shares of Grid Dynamics in the 1st quarter valued at $1,007,000. Quantinno Capital Management LP increased its position in shares of Grid Dynamics by 460.4% in the 1st quarter. Quantinno Capital Management LP now owns 206,289 shares of the company’s stock valued at $1,176,000 after buying an additional 169,477 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Grid Dynamics during the 2nd quarter worth $2,702,000. 71.18% of the stock is currently owned by institutional investors and hedge funds.
About Grid Dynamics
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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