Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla Sells 3,000 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 3,000 shares of Grid Dynamics stock in a transaction on Monday, July 1st. The shares were sold at an average price of $10.43, for a total transaction of $31,290.00. Following the completion of the sale, the chief financial officer now owns 372,282 shares in the company, valued at $3,882,901.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, June 10th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The shares were sold at an average price of $10.00, for a total value of $30,000.00.
• On Wednesday, May 1st, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The shares were sold at an average price of $10.00, for a total value of $30,000.00.

Grid Dynamics Price Performance

NASDAQ GDYN opened at $10.53 on Friday. Grid Dynamics Holdings, Inc. has a fifty-two week low of $9.00 and a fifty-two week high of $14.70. The business has a fifty day moving average price of $10.03 and a two-hundred day moving average price of $11.78. The stock has a market capitalization of $805.76 million, a PE ratio of 351.12 and a beta of 1.05.

Grid Dynamics (NASDAQ:GDYN) last released its earnings results on Thursday, May 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). Grid Dynamics had a net margin of 0.72% and a return on equity of 3.31%. The business had revenue of $79.82 million during the quarter, compared to the consensus estimate of $77.48 million. As a group, sell-side analysts expect that Grid Dynamics Holdings, Inc. will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Grid Dynamics from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Cantor Fitzgerald lifted their price target on Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. decreased their price target on shares of Grid Dynamics from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of Grid Dynamics in a research note on Friday, May 3rd. Finally, Wedbush restated an “outperform” rating and set a $13.00 price objective on shares of Grid Dynamics in a research note on Thursday, May 23rd. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Grid Dynamics has an average rating of “Buy” and an average price target of $15.20.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Grid Dynamics during the fourth quarter valued at about $26,000. ProShare Advisors LLC acquired a new stake in Grid Dynamics in the first quarter valued at $124,000. American Trust raised its position in Grid Dynamics by 10.1% during the 3rd quarter. American Trust now owns 12,963 shares of the company’s stock worth $158,000 after purchasing an additional 1,186 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Grid Dynamics by 147.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,246 shares of the company’s stock valued at $203,000 after buying an additional 9,081 shares during the last quarter. Finally, Olympiad Research LP bought a new position in shares of Grid Dynamics during the fourth quarter worth about $211,000. 71.18% of the stock is currently owned by institutional investors.

Grid Dynamics Company Profile

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.