Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Sells $178,050.00 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) CEO Leonard Livschitz sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $11.87, for a total transaction of $178,050.00. Following the sale, the chief executive officer now directly owns 3,670,691 shares in the company, valued at approximately $43,571,102.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Leonard Livschitz also recently made the following trade(s):

• On Tuesday, March 26th, Leonard Livschitz sold 11,884 shares of Grid Dynamics stock. The stock was sold at an average price of $12.03, for a total transaction of $142,964.52.
• On Tuesday, March 12th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $12.36, for a total transaction of $185,400.00.
• On Tuesday, February 27th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.88, for a total transaction of $208,200.00.
• On Tuesday, February 13th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.08, for a total transaction of $196,200.00.
• On Tuesday, January 30th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.06, for a total transaction of $195,900.00.
• On Tuesday, January 16th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $12.58, for a total transaction of $188,700.00.

Grid Dynamics Trading Down 2.4 %

GDYN stock traded down $0.28 during midday trading on Thursday, reaching $11.15. The stock had a trading volume of 390,410 shares, compared to its average volume of 286,389. The company's fifty day simple moving average is $12.88 and its 200 day simple moving average is $12.55. The company has a market cap of $847.07 million, a price-to-earnings ratio of -371.54 and a beta of 0.94. Grid Dynamics Holdings, Inc. has a 52-week low of $8.00 and a 52-week high of $14.70.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). Grid Dynamics had a negative net margin of 0.56% and a positive return on equity of 6.77%. The firm had revenue of $78.07 million during the quarter, compared to analysts' expectations of $76.64 million. During the same quarter in the previous year, the business posted $0.14 EPS. The company's revenue for the quarter was down 3.1% on a year-over-year basis. Sell-side analysts predict that Grid Dynamics Holdings, Inc. will post 0.07 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on GDYN. Citigroup lifted their price target on shares of Grid Dynamics from $16.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, February 23rd. Cantor Fitzgerald lifted their price target on shares of Grid Dynamics from $14.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. raised their price objective on Grid Dynamics from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $16.25.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in shares of Grid Dynamics during the 4th quarter worth $26,000. UBS Group AG raised its holdings in Grid Dynamics by 412.4% in the 3rd quarter. UBS Group AG now owns 2,275 shares of the company's stock valued at $43,000 after buying an additional 1,831 shares during the period. Tower Research Capital LLC TRC raised its holdings in Grid Dynamics by 191.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,478 shares of the company's stock valued at $41,000 after buying an additional 2,944 shares during the period. Captrust Financial Advisors raised its holdings in Grid Dynamics by 197.2% in the 2nd quarter. Captrust Financial Advisors now owns 4,619 shares of the company's stock valued at $78,000 after buying an additional 3,065 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Grid Dynamics by 239.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,837 shares of the company's stock valued at $82,000 after buying an additional 4,115 shares during the period. Hedge funds and other institutional investors own 71.18% of the company's stock.

Grid Dynamics Company Profile

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.