Insider Selling: Grid Dynamics (NASDAQ:GDYN) COO Sells $63,888.25 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 4,715 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $13.55, for a total transaction of $63,888.25. Following the completion of the sale, the chief operating officer owned 480,063 shares in the company, valued at approximately $6,504,853.65. This trade represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 Friday, October 30th, Yury Gryzlov sold 10,512 shares of Grid Dynamics stock. The stock was 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $7.53, for a total value 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 value of $31,440.00.

Grid Dynamics Trading Down 2.3%

Grid Dynamics stock traded down $0.32 during mid-day trading on Tuesday, hitting $13.37. The company had a trading volume of 2,017,837 shares, compared to its average volume of 1,720,644. Grid Dynamics Holdings, Inc. has a 12 month low of $5.11 and a 12 month high of $14.02. The company has a market capitalization of $1.08 billion, a PE ratio of 148.56 and a beta of 0.97. The stock’s 50 day moving average price is $8.24 and its two-hundred day moving average price is $7.02.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm had revenue of $114.29 million during the quarter, compared to the consensus estimate of $112.77 million. Grid Dynamics had a return on equity of 1.90% and a net margin of 0.68%. Equities research analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.20 EPS for the current year.

Analyst Ratings Changes

GDYN has been the subject of several analyst reports. Needham & Company LLC raised their price target on shares of Grid Dynamics from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen upped their price objective on Grid Dynamics from $9.00 to $13.00 and gave the company a “buy” rating in a research report on Friday. Zacks Research downgraded Grid Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Grid Dynamics in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on Grid Dynamics from $8.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Grid Dynamics currently has an average rating of “Hold” and an average target price of $11.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Calamos Advisors LLC purchased a new position in shares of Grid Dynamics during the 3rd quarter worth $185,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Grid Dynamics in the 3rd quarter worth $262,000. Vise Technologies Inc. bought a new position in Grid Dynamics in the 3rd quarter worth $103,000. Sequoia Financial Advisors LLC bought a new position in Grid Dynamics in the 2nd quarter worth $75,000. Finally, Squarepoint Ops LLC purchased a new position in Grid Dynamics during the second quarter valued at $2,702,000. 71.18% of the stock is owned by hedge funds and other institutional investors.

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.