Grid Dynamics (NASDAQ:GDYN) COO Yury Gryzlov Sells 4,435 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYNGet Free Report) COO Yury Gryzlov sold 4,435 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $8.00, for a total value of $35,480.00. Following the completion of the sale, the chief operating officer directly owned 514,948 shares of the company’s stock, valued at $4,119,584. This trade represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, May 15th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The stock was sold at an average price of $6.45, for a total value of $3,012.15.
  • On Thursday, April 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The stock was sold at an average price of $5.54, for a total value of $6,897.30.

Grid Dynamics Stock Up 9.2%

Shares of GDYN opened at $7.86 on Tuesday. Grid Dynamics Holdings, Inc. has a 52-week low of $5.13 and a 52-week high of $12.86. The company has a market capitalization of $657.33 million, a PE ratio of 157.23 and a beta of 0.94. The stock has a fifty day simple moving average of $6.18 and a two-hundred day simple moving average of $7.48.

Grid Dynamics (NASDAQ:GDYNGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $104.10 million during the quarter, compared to analysts’ expectations of $103.32 million. Grid Dynamics had a return on equity of 1.20% and a net margin of 1.27%.The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. As a group, equities analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grid Dynamics

Large investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. raised its holdings in shares of Grid Dynamics by 236.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,290,786 shares of the company’s stock worth $33,082,000 after purchasing an additional 3,017,017 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Grid Dynamics during the 3rd quarter valued at approximately $8,854,000. Bastion Asset Management Inc. bought a new position in Grid Dynamics during the 1st quarter worth approximately $6,899,000. Alliancebernstein L.P. lifted its holdings in Grid Dynamics by 123.9% during the 2nd quarter. Alliancebernstein L.P. now owns 1,896,409 shares of the company’s stock worth $21,904,000 after buying an additional 1,049,519 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Grid Dynamics by 4,907,857.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,030,671 shares of the company’s stock worth $9,307,000 after buying an additional 1,030,650 shares during the last quarter. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GDYN shares. Zacks Research upgraded Grid Dynamics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Needham & Company LLC cut their price target on Grid Dynamics from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Jefferies Financial Group lowered Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a report on Friday. Northland Securities dropped their target price on Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, March 9th. Finally, Weiss Ratings lowered Grid Dynamics from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.40.

Check Out Our Latest Analysis on Grid Dynamics

Grid Dynamics Company Profile

(Get Free Report)

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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