Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 2,000 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $12.33, for a total value of $24,660.00. Following the completion of the transaction, the chief operating officer owned 467,779 shares of the company's stock, valued at approximately $5,767,715.07. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Yury Gryzlov also recently made the following trade(s):
- On Wednesday, July 2nd, Yury Gryzlov sold 737 shares of Grid Dynamics stock. The stock was sold at an average price of $11.82, for a total value of $8,711.34.
- On Tuesday, May 6th, Yury Gryzlov sold 2,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.22, for a total value of $26,440.00.
Grid Dynamics Stock Down 7.4%
Shares of NASDAQ:GDYN traded down $0.85 on Friday, hitting $10.63. 761,140 shares of the company traded hands, compared to its average volume of 680,949. Grid Dynamics Holdings, Inc. has a 52 week low of $10.61 and a 52 week high of $25.50. The stock has a 50 day simple moving average of $12.57 and a 200-day simple moving average of $16.43. The company has a market cap of $898.75 million, a PE ratio of 88.59 and a beta of 1.04.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.11 EPS for the quarter, topping 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 company had revenue of $100.42 million during the quarter, compared to the consensus estimate of $98.19 million. During the same period last year, the company earned $0.10 EPS. Grid Dynamics's revenue for the quarter was up 25.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its position in Grid Dynamics by 29.0% in the second quarter. Harbor Capital Advisors Inc. now owns 17,593 shares of the company's stock worth $203,000 after purchasing an additional 3,954 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Grid Dynamics by 12.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 319,186 shares of the company's stock valued at $4,995,000 after buying an additional 35,204 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Grid Dynamics by 3.6% during the 1st quarter. Rhumbline Advisers now owns 167,049 shares of the company's stock valued at $2,614,000 after buying an additional 5,787 shares in the last quarter. Strs Ohio purchased a new position in shares of Grid Dynamics during the 1st quarter valued at about $224,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Grid Dynamics by 35.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 162,714 shares of the company's stock valued at $2,546,000 after buying an additional 42,801 shares in the last quarter. 71.18% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
GDYN has been the subject of a number of research reports. Wall Street Zen upgraded Grid Dynamics from a "hold" rating to a "buy" rating in a report on Saturday. Needham & Company LLC increased their price objective on Grid Dynamics from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $18.75.
Check Out Our Latest Report on GDYN
About Grid Dynamics
(
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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.
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