Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 10,306 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $18.66, for a total transaction of $192,309.96. Following the completion of the transaction, the chief operating officer now directly owns 482,759 shares in the company, valued at $9,008,282.94. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Grid Dynamics Stock Performance
Grid Dynamics stock opened at $18.23 on Friday. Grid Dynamics Holdings, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $25.50. The firm has a 50 day moving average price of $21.46 and a 200 day moving average price of $17.99. The company has a market capitalization of $1.50 billion, a PE ratio of 455.75 and a beta of 1.10.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.33%. The company had revenue of $100.28 million during the quarter, compared to analyst estimates of $96.00 million. As a group, equities research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.
Analysts Set New Price Targets
Separately, Needham & Company LLC raised their price target on shares of Grid Dynamics from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Grid Dynamics has an average rating of "Buy" and an average target price of $19.17.
Read Our Latest Stock Report on Grid Dynamics
Institutional Trading of Grid Dynamics
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Grid Dynamics by 26.8% in the 4th quarter. Vanguard Group Inc. now owns 5,535,526 shares of the company's stock valued at $123,110,000 after purchasing an additional 1,171,481 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Grid Dynamics by 30.9% in the third quarter. Wellington Management Group LLP now owns 2,859,808 shares of the company's stock worth $40,037,000 after acquiring an additional 675,419 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Grid Dynamics in the fourth quarter worth $55,114,000. Dimensional Fund Advisors LP grew its stake in shares of Grid Dynamics by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,816,447 shares of the company's stock worth $40,399,000 after acquiring an additional 17,881 shares in the last quarter. Finally, Next Century Growth Investors LLC grew its stake in shares of Grid Dynamics by 78.1% in the fourth quarter. Next Century Growth Investors LLC now owns 1,622,226 shares of the company's stock worth $36,078,000 after acquiring an additional 711,150 shares in the last quarter. Institutional investors and hedge funds own 71.18% of the company's stock.
About Grid Dynamics
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
