Insider Selling: Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Sells 2,000 Shares of Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 2,000 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $12.33, for a total transaction of $24,660.00. Following the sale, the chief operating officer directly owned 467,779 shares of the company's stock, valued at $5,767,715.07. The trade was a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 transaction of $8,711.34.
• On Tuesday, May 6th, Yury Gryzlov sold 2,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.22, for a total transaction of $26,440.00.

Grid Dynamics Trading Down 7.4%

NASDAQ GDYN traded down $0.85 during trading hours on Friday, reaching $10.63. The company had a trading volume of 761,140 shares, compared to its average volume of 680,660. The stock has a 50-day moving average of $12.57 and a 200 day moving average of $16.46. Grid Dynamics Holdings, Inc. has a 1-year low of $10.61 and a 1-year high of $25.50. The stock has a market capitalization of $898.77 million, a P/E ratio of 88.59 and a beta of 1.04.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. Grid Dynamics had a net margin of 2.94% and a return on equity of 1.37%. The company had revenue of $100.42 million for the quarter, compared to analysts' expectations of $98.19 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. Grid Dynamics's revenue for the quarter was up 25.8% compared to the same quarter last year. As a group, sell-side analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Grid Dynamics from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Needham & Company LLC upped 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. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $18.75.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GDYN. State of Wyoming lifted its position in shares of Grid Dynamics by 4.1% during the fourth quarter. State of Wyoming now owns 26,495 shares of the company's stock worth $589,000 after purchasing an additional 1,046 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in shares of Grid Dynamics during the fourth quarter worth about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Grid Dynamics by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,474 shares of the company's stock worth $722,000 after purchasing an additional 1,106 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Grid Dynamics by 7.6% during the fourth quarter. Arizona State Retirement System now owns 17,785 shares of the company's stock worth $396,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Grid Dynamics by 68.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 3,157 shares of the company's stock worth $71,000 after purchasing an additional 1,282 shares in the last quarter. Institutional investors and hedge funds own 71.18% of the company's stock.

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.