Yury Gryzlov Sells 3,930 Shares of Grid Dynamics (NASDAQ:GDYN) Stock

Key Points

• Insider sale: COO Yury Gryzlov sold 3,930 Grid Dynamics shares at an average of $8.00, worth $31,440, reducing his stake by 0.77% under a pre-arranged Rule 10b5-1 plan. He still owns 508,087 shares.
• Recent performance: GDYN traded near $7.94 and has a 52-week range of $5.11 to $10.21. The company recently exceeded quarterly estimates, reporting $0.11 in EPS and $108.16 million in revenue.
• Analyst outlook: Grid Dynamics has a consensus “Moderate Buy” rating and a $9.40 target price, with several firms raising targets after the earnings report. Institutional investors own approximately 71.18% of the stock.

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 3,930 shares of Grid Dynamics stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $8.00, for a total value of $31,440.00. Following the completion of the transaction, the chief operating officer owned 508,087 shares of the company's stock, valued at $4,064,696. The trade was a 0.77% decrease in their position. The sale was disclosed in a document filed with the SEC, 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, July 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The shares were sold at an average price of $6.29, for a total transaction of $7,831.05.
• On Monday, June 1st, Yury Gryzlov sold 4,435 shares of Grid Dynamics stock. The stock was sold at an average price of $8.00, for a total transaction of $35,480.00.
• On Friday, May 15th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The stock was sold at an average price of $6.45, for a total transaction of $3,012.15.

Grid Dynamics Price Performance

Shares of GDYN traded up $0.15 during midday trading on Thursday, reaching $7.94. The stock had a trading volume of 1,123,906 shares, compared to its average volume of 1,897,819. Grid Dynamics Holdings, Inc. has a 1-year low of $5.11 and a 1-year high of $10.21. The company's fifty day simple moving average is $6.25 and its two-hundred day simple moving average is $6.43. The company has a market cap of $644.17 million, a price-to-earnings ratio of 397.20 and a beta of 0.92.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $108.16 million during the quarter, compared to the consensus estimate of $106.55 million. Grid Dynamics had a net margin of 0.68% and a return on equity of 1.90%. On average, sell-side analysts forecast that Grid Dynamics Holdings, Inc. will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in shares of Grid Dynamics by 50.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,193 shares of the company's stock valued at $47,000 after acquiring an additional 1,742 shares in the last quarter. Quarry LP increased its position in Grid Dynamics by 57.1% during the 3rd quarter. Quarry LP now owns 4,835 shares of the company's stock worth $37,000 after purchasing an additional 1,757 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Grid Dynamics by 175.5% in the 4th quarter. Hantz Financial Services Inc. now owns 3,229 shares of the company's stock valued at $29,000 after purchasing an additional 2,057 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in Grid Dynamics by 10.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 34,472 shares of the company's stock valued at $196,000 after purchasing an additional 3,143 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Grid Dynamics by 10.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,513 shares of the company's stock valued at $399,000 after purchasing an additional 3,406 shares in the last quarter. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Grid Dynamics Company Profile

Grid Dynamics NASDAQ: GDYN is a digital engineering and technology services company that helps enterprises accelerate their digital transformation initiatives. The company specializes in designing and implementing scalable, cloud-native solutions that leverage advanced analytics, machine learning and artificial intelligence to optimize operations, enhance customer experiences and drive revenue growth. Its technology expertise spans e-commerce platforms, modern data architectures, DevOps and automation, as well as custom application development across a range of industries including retail, financial services, high tech and automotive.

Key service offerings include cloud migration and modernization, data engineering and analytics, AI/ML-driven insights, digital commerce and omnichannel solutions.

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