Grid Dynamics (NASDAQ:GDYN) COO Yury Gryzlov Sells 3,918 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) COO Yury Gryzlov sold 3,918 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $8.00, for a total value of $31,344.00. Following the transaction, the chief operating officer directly owned 503,070 shares in the company, valued at $4,024,560. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Tuesday, August 18th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The stock was sold at an average price of $7.53, for a total value of $3,516.51.
• On Thursday, August 13th, Yury Gryzlov sold 3,930 shares of Grid Dynamics stock. The shares were sold at an average price of $8.00, for a total transaction of $31,440.00.
• 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.

Grid Dynamics Stock Up 4.5%

GDYN traded up $0.35 during trading on Thursday, hitting $8.20. 936,996 shares of the company’s stock were exchanged, compared to its average volume of 1,829,086. The business’s 50 day moving average is $6.76 and its two-hundred day moving average is $6.46. Grid Dynamics Holdings, Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $10.21. The stock has a market cap of $665.27 million, a P/E ratio of 410.21 and a beta of 0.89.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on GDYN. Citigroup reissued a “cautious” rating on shares of Grid Dynamics in a report on Friday, May 29th. TD Cowen lifted their target price on Grid Dynamics from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grid Dynamics in a research report on Friday, July 31st. JPMorgan Chase & Co. upped their price target on Grid Dynamics from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Finally, Jefferies Financial Group lowered Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 price target for the company. in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Grid Dynamics by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 5,920,753 shares of the company’s stock valued at $53,464,000 after buying an additional 279,995 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Grid Dynamics by 2.5% in the 2nd quarter. Wasatch Advisors LP now owns 4,669,558 shares of the company’s stock worth $53,933,000 after buying an additional 112,319 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Grid Dynamics by 236.9% in the 3rd quarter. Alyeska Investment Group L.P. now owns 4,290,786 shares of the company’s stock worth $33,082,000 after buying an additional 3,017,017 shares during the last quarter. Fourth Sail Capital LP grew its holdings in shares of Grid Dynamics by 36.2% in the fourth quarter. Fourth Sail Capital LP now owns 3,827,968 shares of the company’s stock valued at $34,567,000 after acquiring an additional 1,016,563 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Grid Dynamics by 20.8% in the fourth quarter. Wellington Management Group LLP now owns 2,356,779 shares of the company’s stock valued at $21,282,000 after acquiring an additional 405,381 shares in the last quarter. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

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.