Insider Selling: Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Sells $30,000.00 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 3,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $10.00, for a total transaction of $30,000.00. Following the completion of the transaction, the chief financial officer now owns 385,979 shares of the company’s stock, valued at approximately $3,859,790. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, March 1st, Anil Doradla sold 4,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.26, for a total value of $53,040.00.

Grid Dynamics Stock Up 2.3 %

Shares of NASDAQ GDYN opened at $10.07 on Monday. The stock’s fifty day simple moving average is $11.74 and its 200 day simple moving average is $12.34. The stock has a market capitalization of $765.06 million, a price-to-earnings ratio of 335.67 and a beta of 1.00. Grid Dynamics Holdings, Inc. has a 52-week low of $8.00 and a 52-week high of $14.70.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Grid Dynamics had a return on equity of 3.33% and a net margin of 0.72%. The company had revenue of $78.07 million during the quarter, compared to analysts’ expectations of $76.64 million. During the same period in the prior year, the business posted $0.14 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Grid Dynamics in a research note on Friday. Citigroup dropped their price target on shares of Grid Dynamics from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Grid Dynamics from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Cantor Fitzgerald lifted their price objective on shares of Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $15.75.

Institutional Investors Weigh In On Grid Dynamics

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in Grid Dynamics by 113.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,482,626 shares of the company’s stock worth $18,058,000 after purchasing an additional 789,373 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Grid Dynamics by 5.8% in the third quarter. Public Employees Retirement System of Ohio now owns 271,591 shares of the company’s stock worth $3,308,000 after buying an additional 14,940 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of Grid Dynamics by 41.1% during the fourth quarter. Mutual of America Capital Management LLC now owns 209,208 shares of the company’s stock valued at $2,789,000 after buying an additional 60,906 shares in the last quarter. Barclays PLC raised its position in Grid Dynamics by 8.5% during the third quarter. Barclays PLC now owns 26,063 shares of the company’s stock valued at $318,000 after buying an additional 2,036 shares during the period. Finally, S Squared Technology LLC lifted its stake in Grid Dynamics by 13.5% in the 3rd quarter. S Squared Technology LLC now owns 229,781 shares of the company’s stock worth $2,799,000 after acquiring an additional 27,257 shares in the last quarter. Institutional investors and hedge funds own 71.18% of the company’s stock.

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.