Anil Doradla Sells 2,000 Shares of Grid Dynamics (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 2,000 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $10.00, for a total value of $20,000.00. Following the sale, the chief financial officer owned 376,475 shares in the company, valued at $3,764,750. The trade was a 0.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Anil Doradla also recently made the following trade(s):

• On Tuesday, December 9th, Anil Doradla sold 4,368 shares of Grid Dynamics stock. The stock was sold at an average price of $10.00, for a total transaction of $43,680.00.

Grid Dynamics Trading Down 3.1%

Shares of GDYN opened at $9.55 on Friday. Grid Dynamics Holdings, Inc. has a twelve month low of $7.37 and a twelve month high of $25.50. The company has a market cap of $809.55 million, a P/E ratio of 63.67 and a beta of 0.82. The company’s fifty day simple moving average is $9.08 and its 200-day simple moving average is $8.95.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Grid Dynamics had a net margin of 3.42% and a return on equity of 1.74%. The firm had revenue of $104.16 million during the quarter, compared to analysts’ expectations of $103.64 million. During the same period in the previous year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. Analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grid Dynamics

Hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Grid Dynamics in the third quarter valued at about $31,000. GAMMA Investing LLC increased its position in Grid Dynamics by 273.2% during the 4th quarter. GAMMA Investing LLC now owns 3,598 shares of the company’s stock valued at $32,000 after purchasing an additional 2,634 shares during the period. Quarry LP raised its holdings in shares of Grid Dynamics by 57.1% in the 3rd quarter. Quarry LP now owns 4,835 shares of the company’s stock valued at $37,000 after purchasing an additional 1,757 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Grid Dynamics in the 2nd quarter worth approximately $43,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Grid Dynamics by 208.2% during the second quarter. Tower Research Capital LLC TRC now owns 6,213 shares of the company’s stock valued at $72,000 after purchasing an additional 4,197 shares in the last quarter. Institutional investors own 71.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Grid Dynamics in a research note on Wednesday, December 24th. Jefferies Financial Group initiated coverage on Grid Dynamics in a research note on Monday, September 22nd. They issued a “buy” rating and a $11.00 target price on the stock. Zacks Research upgraded Grid Dynamics from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Needham & Company LLC cut their price target on shares of Grid Dynamics from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Grid Dynamics from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.33.

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.