Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla Sells 2,000 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 2,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $24.09, for a total transaction of $48,180.00. Following the completion of the sale, the chief financial officer now owns 341,012 shares in the company, valued at $8,214,979.08. This represents a 0.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Anil Doradla also recently made the following trade(s):

• On Tuesday, January 7th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The shares were sold at an average price of $22.12, for a total transaction of $66,360.00.
• On Monday, December 9th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The stock was sold at an average price of $19.08, for a total transaction of $57,240.00.

Grid Dynamics Stock Performance

NASDAQ:GDYN traded up $0.61 on Tuesday, hitting $23.56. 1,038,907 shares of the stock were exchanged, compared to its average volume of 743,641. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 785.60 and a beta of 1.01. Grid Dynamics Holdings, Inc. has a 52 week low of $9.07 and a 52 week high of $24.60. The company’s 50-day moving average price is $21.09 and its 200 day moving average price is $17.10.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Cowen upped their price target on shares of Grid Dynamics from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup upped their price target on shares of Grid Dynamics from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. upped their price target on shares of Grid Dynamics from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC upped their price target on shares of Grid Dynamics from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $18.33.

Institutional Trading of Grid Dynamics

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDYN. Squarepoint Ops LLC bought a new stake in Grid Dynamics during the 2nd quarter worth about $191,000. The Manufacturers Life Insurance Company increased its stake in shares of Grid Dynamics by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,388 shares of the company’s stock valued at $235,000 after acquiring an additional 1,184 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in shares of Grid Dynamics in the 3rd quarter valued at about $1,143,000. Trust Point Inc. increased its stake in shares of Grid Dynamics by 5.0% in the 3rd quarter. Trust Point Inc. now owns 32,290 shares of the company’s stock valued at $452,000 after acquiring an additional 1,532 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC increased its stake in shares of Grid Dynamics by 32.5% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,791 shares of the company’s stock valued at $249,000 after acquiring an additional 4,362 shares during the last quarter. 71.18% of the stock is owned by institutional investors.

Grid Dynamics Company Profile

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale.