Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz Sells 11,884 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 11,884 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $12.03, for a total transaction of $142,964.52. Following the transaction, the chief executive officer now owns 3,688,807 shares in the company, valued at $44,376,348.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, March 12th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were 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.
• On Tuesday, January 2nd, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.08, for a total transaction of $196,200.00.

Grid Dynamics Trading Up 4.5 %

Shares of NASDAQ:GDYN opened at $12.24 on Thursday. The company’s 50-day moving average price is $13.13 and its 200 day moving average price is $12.57. Grid Dynamics Holdings, Inc. has a fifty-two week low of $8.00 and a fifty-two week high of $14.70.

Grid Dynamics (NASDAQ:GDYN) last released its earnings results on Thursday, February 22nd. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $78.07 million for the quarter, compared to analyst estimates of $76.64 million. Grid Dynamics had a negative net margin of 0.56% and a positive return on equity of 6.77%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. As a group, research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GDYN. Citigroup increased their price objective on shares of Grid Dynamics from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. increased their price objective on shares of Grid Dynamics from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Cantor Fitzgerald raised their price target on shares of Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. Finally, TheStreet upgraded shares of Grid Dynamics from a “d+” rating to a “c-” rating in a research report on Tuesday, December 12th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $16.25.

Hedge Funds Weigh In On Grid Dynamics

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC purchased a new position in shares of Grid Dynamics in the fourth quarter worth approximately $26,000. Tower Research Capital LLC TRC boosted its holdings in shares of Grid Dynamics by 191.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,478 shares of the company’s stock worth $41,000 after purchasing an additional 2,944 shares during the period. UBS Group AG boosted its holdings in shares of Grid Dynamics by 412.4% during the third quarter. UBS Group AG now owns 2,275 shares of the company’s stock worth $43,000 after purchasing an additional 1,831 shares during the period. Captrust Financial Advisors lifted its stake in Grid Dynamics by 197.2% in the second quarter. Captrust Financial Advisors now owns 4,619 shares of the company’s stock valued at $78,000 after acquiring an additional 3,065 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Grid Dynamics by 239.0% in the first quarter. Acadian Asset Management LLC now owns 5,837 shares of the company’s stock valued at $82,000 after acquiring an additional 4,115 shares during 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.