Insider Selling: Grid Dynamics (NASDAQ:GDYN) CFO Sells $20,000.00 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $10.00, for a total transaction of $20,000.00. Following the completion of the sale, the chief financial officer owned 376,475 shares in the company, valued at approximately $3,764,750. The trade was a 0.53% decrease in their ownership of the stock. The transaction 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 Tuesday, December 9th, Anil Doradla sold 4,368 shares of Grid Dynamics stock. The shares were sold at an average price of $10.00, for a total transaction of $43,680.00.

Grid Dynamics Price Performance

Shares of Grid Dynamics stock opened at $9.55 on Friday. The company’s 50 day moving average price is $9.08 and its two-hundred day moving average price is $8.93. The firm has a market capitalization of $809.55 million, a P/E ratio of 63.67 and a beta of 0.82. Grid Dynamics Holdings, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $25.50.

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

Institutional Investors Weigh In On Grid Dynamics

Institutional investors have recently modified their holdings of the company. Amundi bought a new position in Grid Dynamics during the first quarter worth $252,000. AQR Capital Management LLC grew its holdings in Grid Dynamics by 32.4% during the 1st quarter. AQR Capital Management LLC now owns 15,484 shares of the company’s stock worth $242,000 after acquiring an additional 3,791 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Grid Dynamics by 12.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,590 shares of the company’s stock worth $573,000 after acquiring an additional 4,116 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Grid Dynamics by 12.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 319,186 shares of the company’s stock worth $4,995,000 after acquiring an additional 35,204 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Grid Dynamics by 35.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 162,714 shares of the company’s stock valued at $2,546,000 after purchasing an additional 42,801 shares during the period. 71.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on GDYN shares. Needham & Company LLC lowered their price objective on Grid Dynamics from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Jefferies Financial Group started coverage on shares of Grid Dynamics in a research report on Monday, September 22nd. They issued a “buy” rating and a $11.00 price target for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grid Dynamics in a report on Wednesday, December 24th. Zacks Research raised shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. lowered their target price on Grid Dynamics from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Grid Dynamics presently has an average rating of “Moderate Buy” and an average target price of $11.33.

Grid Dynamics Company Profile

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.