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

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 4,435 shares of Grid Dynamics stock in a transaction on Monday, June 1st. The shares were sold at an average price of $8.00, for a total transaction of $35,480.00. Following the completion of the transaction, the chief operating officer owned 514,948 shares in the company, valued at approximately $4,119,584. This represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 transaction 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%

GDYN stock traded up $0.66 during trading on Monday, hitting $7.86. The company had a trading volume of 2,957,184 shares, compared to its average volume of 1,690,291. The firm has a market cap of $657.33 million, a PE ratio of 157.23 and a beta of 0.94. The firm has a 50-day moving average price of $6.14 and a 200-day moving average price of $7.49. Grid Dynamics Holdings, Inc. has a 1-year low of $5.13 and a 1-year high of $12.86.

Grid Dynamics (NASDAQ:GDYN) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $104.10 million during the quarter, compared to the consensus estimate of $103.32 million. Grid Dynamics had a net margin of 1.27% and a return on equity of 1.20%. Grid Dynamics’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. Sell-side analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On Grid Dynamics

Several institutional investors and hedge funds have recently made changes to their positions in GDYN. Thrivent Financial for Lutherans increased its holdings in Grid Dynamics by 3.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 47,645 shares of the company’s stock valued at $367,000 after acquiring an additional 1,640 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Grid Dynamics by 50.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,193 shares of the company’s stock valued at $47,000 after purchasing an additional 1,742 shares in the last quarter. Quarry LP lifted its holdings in shares of Grid Dynamics by 57.1% in the third quarter. Quarry LP now owns 4,835 shares of the company’s stock valued at $37,000 after purchasing an additional 1,757 shares in the last quarter. Trust Point Inc. grew its position in shares of Grid Dynamics by 13.6% in the fourth quarter. Trust Point Inc. now owns 14,947 shares of the company’s stock valued at $135,000 after purchasing an additional 1,785 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Grid Dynamics by 8.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 24,494 shares of the company’s stock worth $221,000 after purchasing an additional 1,821 shares in the last quarter. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Citigroup reiterated a “cautious” rating on shares of Grid Dynamics in a research report on Friday. Needham & Company LLC cut their price target on shares of Grid Dynamics from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, May 1st. Jefferies Financial Group cut shares of Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a research note on Friday. Zacks Research raised shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Northland Securities lowered their target price on shares of Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Monday, March 9th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.40.

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.