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

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 3,930 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $8.00, for a total transaction of $31,440.00. Following the sale, the chief operating officer owned 508,087 shares in the company, valued at approximately $4,064,696. The trade was a 0.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Trading Down 2.4%

GDYN stock opened at $7.75 on Friday. The stock has a market capitalization of $628.76 million, a PE ratio of 387.69 and a beta of 0.92. Grid Dynamics Holdings, Inc. has a 12-month low of $5.11 and a 12-month high of $10.21. The stock’s 50 day simple moving average is $6.27 and its 200 day simple moving average is $6.44.

Grid Dynamics (NASDAQ:GDYN) last posted 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. Grid Dynamics had a return on equity of 1.90% and a net margin of 0.68%.The business had revenue of $108.16 million during the quarter, compared to analyst estimates of $106.55 million. On average, research analysts predict that Grid Dynamics Holdings, Inc. will post 0.13 earnings per share for the current year.

Institutional Trading of Grid Dynamics

Several large investors have recently modified their holdings of GDYN. PNC Financial Services Group Inc. lifted its holdings in 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 during the period. Quarry LP boosted its position in Grid Dynamics by 57.1% in the third quarter. Quarry LP now owns 4,835 shares of the company’s stock worth $37,000 after purchasing an additional 1,757 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Grid Dynamics by 175.5% during 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 period. Illinois Municipal Retirement Fund grew its stake in shares of Grid Dynamics by 10.0% during 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 period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Grid Dynamics by 10.9% during 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 during the period. Institutional investors own 71.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GDYN. Zacks Research upgraded Grid Dynamics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Weiss Ratings restated a “sell (d)” rating on shares of Grid Dynamics in a research note on Friday, July 31st. TD Cowen raised their price target on shares of Grid Dynamics from $8.00 to $9.00 and gave the company a “buy” rating in a report on Friday, July 31st. Needham & Company LLC lifted their price target on shares of Grid Dynamics from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Jefferies Financial Group cut shares of Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a report on Friday, May 29th. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat, Grid Dynamics presently has a consensus 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.