Grid Dynamics (NASDAQ:GDYN) COO Sells $110,481.12 in Stock

Key Points

• Grid Dynamics COO Yury Gryzlov sold 10,512 shares for approximately $110,481 at an average price of $10.51 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 2.12%.
• Shares rose 40.8% to $13.36 after the company reported quarterly EPS of $0.18 and revenue of $114.29 million, both above analyst expectations.
• Analyst sentiment remains mixed: several firms raised price targets and maintained Buy or Overweight ratings, but the consensus rating is Hold with an average target of $11.80, below the current share price.

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 10,512 shares of Grid Dynamics stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $10.51, for a total value of $110,481.12. Following the transaction, the chief operating officer directly owned 484,778 shares in the company, valued at approximately $5,095,016.78. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Thursday, October 8th, Yury Gryzlov sold 4,849 shares of Grid Dynamics stock. The shares were 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 transaction 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 transaction of $31,344.00.
• On Tuesday, August 18th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The stock was sold at an average price of $7.53, for a total transaction 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 Stock Up 40.8%

GDYN stock traded up $3.87 during trading on Friday, reaching $13.36. The company's stock had a trading volume of 8,563,175 shares, compared to its average volume of 1,054,520. The company's fifty day moving average is $8.12 and its 200-day moving average is $6.99. The company has a market capitalization of $1.08 billion, a P/E ratio of 148.44 and a beta of 0.97. Grid Dynamics Holdings, Inc. has a 1 year low of $5.11 and a 1 year high of $13.39.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. The business had revenue of $114.29 million for the quarter, compared to the consensus estimate of $112.77 million. Grid Dynamics had a return on equity of 3.23% and a net margin of 1.81%. Analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.20 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on GDYN. Weiss Ratings reissued a "sell (d)" rating on shares of Grid Dynamics in a report on Thursday. Needham & Company LLC increased their price objective on shares of Grid Dynamics from $10.00 to $15.00 and gave the company a "buy" rating in a report on Friday. Zacks Research cut shares of Grid Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 15th. JPMorgan Chase & Co. lifted their price objective on shares of Grid Dynamics from $8.00 to $11.00 and gave the company an "overweight" rating in a research report on Friday. Finally, TD Cowen boosted their target price on shares of Grid Dynamics from $9.00 to $13.00 and gave the stock a "buy" rating in a report on Friday. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $11.80.

Key Stories Impacting Grid Dynamics

Here are the key news stories impacting Grid Dynamics this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Grid Dynamics reported adjusted earnings of $0.18 per share, above the $0.12–$0.13 consensus range and up from $0.09 a year earlier. Revenue reached $114.29 million, topping the $112.77 million estimate. Grid Dynamics Q3 earnings report
• Positive Sentiment: Record quarterly performance and constructive guidance supported the rally. Company coverage characterized the quarter as a record result, while management’s outlook for the next quarter was described as optimistic, reinforcing expectations for continued growth. Grid Dynamics record third-quarter results
• Positive Sentiment: TD Cowen raised its price target and initiated a Buy recommendation. The firm increased its target from $9 to $13, signaling improved confidence in Grid Dynamics’ earnings and growth prospects. TD Cowen analyst recommendation
• Positive Sentiment: The company launched a business process consulting practice. The new offering could broaden Grid Dynamics’ services and create additional opportunities to win enterprise transformation work. Grid Dynamics consulting practice launch
• Neutral Sentiment: Despite the Buy rating, TD Cowen’s $13 target is slightly below the stock’s current trading level, indicating that much of the near-term optimism may already be reflected in the shares.
• Negative Sentiment: Grid Dynamics remains richly valued relative to reported profitability, with a very high price-to-earnings ratio and a net margin below 1%, leaving the stock sensitive to any slowdown in growth or weaker future guidance.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Grid Dynamics in the third quarter worth about $262,000. Vise Technologies Inc. bought a new position in Grid Dynamics during the third quarter valued at approximately $103,000. Sequoia Financial Advisors LLC bought a new position in Grid Dynamics during the second quarter valued at approximately $75,000. Squarepoint Ops LLC purchased a new position in Grid Dynamics during the 2nd quarter valued at approximately $2,702,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Grid Dynamics during the 2nd quarter valued at approximately $234,000. Hedge funds and other institutional investors own 71.18% of the company's stock.

Grid Dynamics Company Profile

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.

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