Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) CFO Anil Doradla sold 2,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $18.10, for a total value of $36,200.00. Following the sale, the chief financial officer now owns 366,818 shares of the company's stock, valued at $6,639,405.80. This trade represents a 0.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Anil Doradla also recently made the following trade(s):
- On Friday, February 7th, Anil Doradla sold 2,000 shares of Grid Dynamics stock. The stock was sold at an average price of $24.09, for a total value of $48,180.00.
- On Tuesday, January 7th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The stock was sold at an average price of $22.12, for a total value of $66,360.00.
Grid Dynamics Stock Performance
NASDAQ:GDYN opened at $16.77 on Tuesday. The stock has a fifty day moving average price of $21.26 and a two-hundred day moving average price of $18.11. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 419.25 and a beta of 1.10. Grid Dynamics Holdings, Inc. has a 1 year low of $9.07 and a 1 year high of $25.50.
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). The firm had revenue of $100.28 million during the quarter, compared to analyst estimates of $96.00 million. Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.33%. On average, analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.
Analyst Ratings Changes
Separately, Needham & Company LLC increased their price objective on Grid Dynamics from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Grid Dynamics presently has an average rating of "Buy" and an average target price of $19.17.
Get Our Latest Analysis on Grid Dynamics
Institutional Trading of Grid Dynamics
Several large investors have recently bought and sold shares of GDYN. Coppell Advisory Solutions LLC acquired a new stake in Grid Dynamics in the fourth quarter valued at $25,000. Global Retirement Partners LLC acquired a new stake in Grid Dynamics in the fourth quarter valued at $27,000. FMR LLC grew its holdings in Grid Dynamics by 38.7% in the third quarter. FMR LLC now owns 2,873 shares of the company's stock valued at $40,000 after purchasing an additional 801 shares during the last quarter. MCF Advisors LLC grew its holdings in Grid Dynamics by 65.8% in the fourth quarter. MCF Advisors LLC now owns 1,864 shares of the company's stock valued at $41,000 after purchasing an additional 740 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Grid Dynamics during the fourth quarter valued at $70,000. Institutional investors and hedge funds own 71.18% of the company's stock.
Grid Dynamics Company Profile
(
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.
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