Grid Dynamics Holdings, Inc. (NASDAQ:GDYN – Get Free Report) COO Yury Gryzlov sold 3,930 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $8.00, for a total transaction of $31,440.00. Following the completion of the transaction, the chief operating officer directly owned 508,087 shares of the company’s stock, valued at $4,064,696. This represents a 0.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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, July 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The shares were sold at an average price of $6.29, for a total value of $7,831.05.
- On Monday, June 1st, Yury Gryzlov sold 4,435 shares of Grid Dynamics stock. The shares were sold at an average price of $8.00, for a total value of $35,480.00.
- On Friday, May 15th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The shares were sold at an average price of $6.45, for a total transaction of $3,012.15.
Grid Dynamics Trading Down 2.4%
Shares of NASDAQ:GDYN opened at $7.75 on Friday. Grid Dynamics Holdings, Inc. has a 1 year low of $5.11 and a 1 year high of $10.21. The business has a fifty day simple moving average of $6.27 and a 200 day simple moving average of $6.44. The firm has a market cap of $628.76 million, a price-to-earnings ratio of 387.69 and a beta of 0.92.
Analyst Ratings Changes
Several analysts have commented on GDYN shares. TD Cowen boosted their target price on shares of Grid Dynamics from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings restated a “sell (d)” rating on shares of Grid Dynamics in a report on Friday, July 31st. Citigroup reaffirmed a “cautious” rating on shares of Grid Dynamics in a research note on Friday, May 29th. JPMorgan Chase & Co. upped their price objective on shares of Grid Dynamics from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Needham & Company LLC increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.40.
Check Out Our Latest Stock Report on GDYN
Institutional Trading of Grid Dynamics
A number of institutional investors and hedge funds have recently modified their holdings of the company. Alyeska Investment Group L.P. boosted its holdings in shares of Grid Dynamics by 236.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 4,290,786 shares of the company’s stock worth $33,082,000 after buying an additional 3,017,017 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Grid Dynamics in the 3rd quarter worth $8,854,000. Bastion Asset Management Inc. acquired a new position in Grid Dynamics during the 1st quarter worth $6,899,000. Alliancebernstein L.P. boosted its holdings in Grid Dynamics by 123.9% during the second quarter. Alliancebernstein L.P. now owns 1,896,409 shares of the company’s stock valued at $21,904,000 after acquiring an additional 1,049,519 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Grid Dynamics by 4,907,857.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,030,671 shares of the company’s stock valued at $9,307,000 after acquiring an additional 1,030,650 shares during the period. 71.18% of the stock is currently owned by institutional investors and hedge funds.
Grid Dynamics Company Profile
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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