Analysts Set Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) PT at $18.75

Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) have earned an average rating of "Buy" from the five research firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.75.

GDYN has been the subject of several research analyst reports. Wall Street Zen cut shares of Grid Dynamics from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Needham & Company LLC increased their price objective on shares of Grid Dynamics from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, May 2nd.

Insider Buying and Selling

In related news, COO Yury Gryzlov sold 2,000 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $13.22, for a total value of $26,440.00. Following the completion of the transaction, the chief operating officer now owns 474,269 shares of the company's stock, valued at approximately $6,269,836.18. This trade represents a 0.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 4,737 shares of company stock worth $65,288. Insiders own 7.20% of the company's stock.

Institutional Investors Weigh In On Grid Dynamics

Several institutional investors have recently modified their holdings of the stock. Coppell Advisory Solutions LLC purchased a new stake in Grid Dynamics during the 4th quarter valued at $25,000. Global Retirement Partners LLC bought a new position in Grid Dynamics during the fourth quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Grid Dynamics by 28,150.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,695 shares of the company's stock valued at $27,000 after acquiring an additional 1,689 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Grid Dynamics by 199.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company's stock valued at $36,000 after acquiring an additional 1,526 shares during the period. Finally, USA Financial Formulas bought a new stake in shares of Grid Dynamics in the 1st quarter worth about $42,000. 71.18% of the stock is owned by institutional investors.

Grid Dynamics Trading Down 1.4%

Shares of GDYN traded down $0.17 during trading hours on Friday, reaching $11.67. 1,192,472 shares of the stock traded hands, compared to its average volume of 665,105. The company has a market cap of $986.70 million, a P/E ratio of 97.26 and a beta of 1.07. The company's 50-day moving average price is $12.98 and its two-hundred day moving average price is $17.07. Grid Dynamics has a 52-week low of $10.00 and a 52-week high of $25.50.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. Grid Dynamics had a return on equity of 1.37% and a net margin of 2.94%. The business had revenue of $100.42 million for the quarter, compared to the consensus estimate of $98.19 million. During the same period in the previous year, the business earned $0.10 earnings per share. The business's revenue was up 25.8% on a year-over-year basis. On average, research analysts forecast that Grid Dynamics will post 0.18 EPS for the current year.

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.