Yury Gryzlov Sells 4,435 Shares of Grid Dynamics (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 4,435 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $8.00, for a total transaction of $35,480.00. Following the completion of the sale, the chief operating officer owned 514,948 shares of the company’s stock, valued at approximately $4,119,584. This trade represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Yury Gryzlov also recently made the following trade(s):

• 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 value of $3,012.15.
• On Thursday, April 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The shares were sold at an average price of $5.54, for a total value of $6,897.30.

Grid Dynamics Price Performance

Grid Dynamics stock opened at $7.50 on Wednesday. Grid Dynamics Holdings, Inc. has a 1-year low of $5.13 and a 1-year high of $12.86. The business has a fifty day moving average price of $6.18 and a 200-day moving average price of $7.48. The stock has a market capitalization of $627.23 million, a price-to-earnings ratio of 150.03 and a beta of 0.94.

Grid Dynamics (NASDAQ:GDYN) last announced its earnings results on Thursday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Grid Dynamics had a return on equity of 1.20% and a net margin of 1.27%.The company had revenue of $104.10 million for the quarter, compared to analyst estimates of $103.32 million. During the same period in the prior year, the company posted $0.11 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GDYN has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Citigroup restated a “cautious” rating on shares of Grid Dynamics in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on shares of Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Needham & Company LLC dropped their price objective on shares of Grid Dynamics from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, TD Cowen cut their target price on Grid Dynamics from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.40.

Institutional Investors Weigh In On Grid Dynamics

A number of large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in Grid Dynamics by 76.4% in the 1st quarter. Bank of America Corp DE now owns 364,342 shares of the company’s stock worth $2,077,000 after buying an additional 157,767 shares during the period. Quantinno Capital Management LP lifted its stake in Grid Dynamics by 460.4% during the 1st quarter. Quantinno Capital Management LP now owns 206,289 shares of the company’s stock valued at $1,176,000 after acquiring an additional 169,477 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Grid Dynamics in the 1st quarter valued at $235,000. Walleye Capital LLC purchased a new stake in shares of Grid Dynamics in the 1st quarter valued at $1,007,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Grid Dynamics by 60.1% in the first quarter. PNC Financial Services Group Inc. now owns 8,315 shares of the company’s stock worth $47,000 after acquiring an additional 3,122 shares during the period. Hedge funds and other institutional investors own 71.18% of the company’s stock.

About Grid Dynamics

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.