Grid Dynamics (NASDAQ:GDYN) Stock: Insider Yury Gryzlov Sells 4,849 Shares

Key Points

• Grid Dynamics COO Yury Gryzlov sold 4,849 shares at an average price of $8.00, generating $38,792. The Rule 10b5-1 transaction reduced his ownership by 0.97%, leaving him with 495,290 shares.
• Grid Dynamics shares recently traded at $8.01, with a market capitalization of approximately $649.9 million. The stock’s 12-month range is $5.11 to $10.21, while its 50-day and 200-day moving averages are $7.80 and $6.70, respectively.
• The company exceeded quarterly expectations, reporting $0.11 in EPS and $108.16 million in revenue. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $9.40, although some firms remain bearish.

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 4,849 shares of the business's stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $8.00, for a total transaction of $38,792.00. Following the completion of the transaction, the chief operating officer owned 495,290 shares in the company, valued at approximately $3,962,320. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, October 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The shares were 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 stock was 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 shares were sold at an average price of $8.00, for a total value of $31,440.00.

Grid Dynamics Stock Performance

NASDAQ GDYN traded up $0.34 on Thursday, hitting $8.01. 1,028,930 shares of the stock traded hands, compared to its average volume of 1,714,554. The business's fifty day moving average is $7.80 and its two-hundred day moving average is $6.70. Grid Dynamics Holdings, Inc. has a 12 month low of $5.11 and a 12 month high of $10.21. The firm has a market capitalization of $649.85 million, a price-to-earnings ratio of 400.70 and a beta of 0.97.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Grid Dynamics had a return on equity of 1.90% and a net margin of 0.68%.The firm had revenue of $108.16 million for the quarter, compared to analyst estimates of $106.55 million. Analysts expect that Grid Dynamics Holdings, Inc. will post 0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GDYN. Sequoia Financial Advisors LLC bought a new stake in shares of Grid Dynamics during the second quarter valued at about $75,000. Squarepoint Ops LLC purchased a new position in shares of Grid Dynamics during the 2nd quarter valued at $2,702,000. Public Employees Retirement System of Ohio bought a new stake in Grid Dynamics during the second quarter valued at $234,000. Summit Creek Advisors LLC purchased a new position in Grid Dynamics during the second quarter worth about $2,452,000. Finally, FNY Investment Advisers LLC bought a new stake in Grid Dynamics during the second quarter valued at approximately $99,000. Hedge funds and other institutional investors own 71.18% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GDYN. TD Cowen increased their target price on shares of Grid Dynamics from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of Grid Dynamics from $7.00 to $8.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Needham & Company LLC upped their price target on shares of Grid Dynamics from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Zacks Research raised shares of Grid Dynamics from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Grid Dynamics in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $9.40.

About Grid Dynamics

Grid Dynamics Holdings, Inc NASDAQ: GDYN is a digital engineering and technology services company that helps enterprises modernize their businesses through software development, cloud computing, data and analytics, and artificial intelligence. The company designs and builds technology platforms intended to improve operational efficiency, customer experiences, and the use of enterprise data.

Its services include digital commerce and customer experience solutions, cloud and data engineering, machine learning and artificial intelligence, application modernization, and software product development.

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