Leonard Livschitz Sells 10,000 Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $10.54, for a total value of $105,400.00. Following the completion of the sale, the chief executive officer now owns 3,660,691 shares in the company, valued at approximately $38,583,683.14. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Leonard Livschitz also recently made the following trade(s):

• On Tuesday, April 9th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $11.87, for a total value of $178,050.00.
• On Tuesday, March 26th, Leonard Livschitz sold 11,884 shares of Grid Dynamics stock. The stock was sold at an average price of $12.03, for a total value of $142,964.52.
• On Tuesday, March 12th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $12.36, for a total value of $185,400.00.
• On Tuesday, February 27th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.88, for a total value of $208,200.00.
• On Tuesday, February 13th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.08, for a total value of $196,200.00.
• On Tuesday, January 30th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.06, for a total value of $195,900.00.

Grid Dynamics Stock Performance

GDYN opened at $10.24 on Thursday. Grid Dynamics Holdings, Inc. has a one year low of $8.00 and a one year high of $14.70. The company has a market cap of $777.93 million, a P/E ratio of -341.22 and a beta of 0.94. The business’s 50-day simple moving average is $12.30 and its 200-day simple moving average is $12.46.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $78.07 million during the quarter, compared to analysts’ expectations of $76.64 million. Grid Dynamics had a negative net margin of 0.56% and a positive return on equity of 6.77%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, analysts predict that Grid Dynamics Holdings, Inc. will post 0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on GDYN. JPMorgan Chase & Co. upped their price target on Grid Dynamics from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Citigroup dropped their price objective on Grid Dynamics from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday. Finally, Cantor Fitzgerald increased their price objective on Grid Dynamics from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $15.75.

Institutional Trading of Grid Dynamics

A number of large investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Grid Dynamics during the 4th quarter worth approximately $26,000. SG Americas Securities LLC acquired a new stake in Grid Dynamics during the 3rd quarter worth approximately $142,000. American Trust lifted its position in Grid Dynamics by 10.1% during the 3rd quarter. American Trust now owns 12,963 shares of the company’s stock worth $158,000 after acquiring an additional 1,186 shares during the period. Johnson Investment Counsel Inc. acquired a new stake in Grid Dynamics during the 3rd quarter worth approximately $166,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Grid Dynamics by 147.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,246 shares of the company’s stock valued at $203,000 after buying an additional 9,081 shares during the period. 71.18% of the stock is owned by institutional investors and hedge funds.

About Grid Dynamics

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.