Grid Dynamics Holdings, Inc. (NASDAQ:GDYN – Get Free Report) COO Yury Gryzlov sold 4,715 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $13.55, for a total value of $63,888.25. Following the sale, the chief operating officer owned 480,063 shares of the company’s stock, valued at approximately $6,504,853.65. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal 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 30th, Yury Gryzlov sold 10,512 shares of Grid Dynamics stock. The shares were sold at an average price of $10.51, for a total value of $110,481.12.
- On Thursday, October 8th, Yury Gryzlov sold 4,849 shares of Grid Dynamics stock. The shares were sold at an average price of $8.00, for a total value 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 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 Trading Down 1.6%
GDYN opened at $13.53 on Friday. The company’s 50 day moving average is $8.58 and its 200-day moving average is $7.08. Grid Dynamics Holdings, Inc. has a 1-year low of $5.11 and a 1-year high of $14.02. The company has a market cap of $1.10 billion, a P/E ratio of 150.33 and a beta of 0.88.
Grid Dynamics (NASDAQ:GDYN – Get Free Report) last announced 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. The company had revenue of $114.29 million for the quarter, compared to analyst estimates of $112.77 million. Grid Dynamics had a net margin of 1.81% and a return on equity of 3.24%. On average, equities analysts forecast that Grid Dynamics Holdings, Inc. will post 0.26 EPS for the current year.
Institutional Investors Weigh In On Grid Dynamics
Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in Grid Dynamics by 76.4% during the 1st quarter. Bank of America Corp DE now owns 364,342 shares of the company’s stock worth $2,077,000 after buying an additional 157,767 shares during the period. Pacer Advisors Inc. bought a new stake in shares of Grid Dynamics in the 1st quarter valued at about $884,000. Walleye Capital LLC acquired a new stake in shares of Grid Dynamics in the first quarter valued at about $1,007,000. Quantinno Capital Management LP increased its stake in shares of Grid Dynamics by 460.4% in the first 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 during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Grid Dynamics during the second quarter worth about $2,702,000. 71.18% of the stock is currently owned by institutional investors and hedge funds.
Grid Dynamics News Summary
Here are the key news stories impacting Grid Dynamics this week:
- Positive Sentiment: Northland Securities raised its earnings forecasts, lifting its FY2026 EPS estimate to $0.31 from $0.22 and FY2027 to $0.37 from $0.29. It also increased its Q4 2026 estimate to $0.10 from $0.07. These higher forecasts may bolster expectations for future earnings. Can Grid Dynamics Run Higher on Rising Earnings Estimates?
- Positive Sentiment: GDYN was included in Zacks’ Rank #1 (Strong Buy) momentum stock list, another signal that recent share-price and earnings-estimate trends have been favorable. Best Momentum Stocks to Buy for November 4th
- Negative Sentiment: COO Yury Gryzlov sold 4,715 shares for about $63,900. The sale was made under a pre-arranged Rule 10b5-1 plan, and he retained 480,063 shares, which limits the significance of the transaction as a standalone bearish signal. Grid Dynamics Insider Sale
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on GDYN. 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 report on Friday, October 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Grid Dynamics in a report on Thursday, October 29th. JPMorgan Chase & Co. raised their price objective on Grid Dynamics from $8.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Zacks Research lowered Grid Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 15th. Finally, Needham & Company LLC upped their target price on Grid Dynamics from $10.00 to $15.00 and gave the stock a “buy” 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.80.
View Our Latest Stock Analysis on Grid Dynamics
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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