Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Sells $105,400.00 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $10.54, for a total transaction of $105,400.00. Following the completion of the sale, the chief executive officer now directly owns 3,660,691 shares of the company’s stock, valued at approximately $38,583,683.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Leonard Livschitz also recently made the following trade(s):

• On Tuesday, April 9th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $11.87, for a total transaction of $178,050.00.
• On Tuesday, March 26th, Leonard Livschitz sold 11,884 shares of Grid Dynamics stock. The stock was sold at an average price of $12.03, for a total transaction of $142,964.52.
• On Tuesday, March 12th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $12.36, for a total transaction of $185,400.00.
• On Tuesday, February 27th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.88, for a total transaction of $208,200.00.
• On Tuesday, February 13th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.08, for a total transaction of $196,200.00.
• On Tuesday, January 30th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.06, for a total transaction of $195,900.00.

Grid Dynamics Trading Down 2.9 %

Shares of GDYN stock opened at $9.94 on Friday. The company’s 50-day moving average price is $12.22 and its 200-day moving average price is $12.45. The stock has a market cap of $755.14 million, a price-to-earnings ratio of -331.22 and a beta of 0.94. Grid Dynamics Holdings, Inc. has a twelve month low of $8.00 and a twelve month high of $14.70.

Grid Dynamics (NASDAQ:GDYN) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $78.07 million for the quarter, compared to analyst estimates of $76.64 million. Grid Dynamics had a negative net margin of 0.56% and a positive return on equity of 6.77%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. As a group, equities research analysts predict that Grid Dynamics Holdings, Inc. will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Wasatch Advisors LP lifted its position in Grid Dynamics by 4.9% in the first quarter. Wasatch Advisors LP now owns 7,614,713 shares of the company’s stock valued at $93,585,000 after buying an additional 357,785 shares during the last quarter. Vanguard Group Inc. lifted its position in Grid Dynamics by 1.2% in the third quarter. Vanguard Group Inc. now owns 4,007,370 shares of the company’s stock valued at $48,810,000 after buying an additional 45,750 shares during the last quarter. Wellington Management Group LLP lifted its position in Grid Dynamics by 26.7% in the fourth quarter. Wellington Management Group LLP now owns 1,878,946 shares of the company’s stock valued at $25,046,000 after buying an additional 396,320 shares during the last quarter. Summit Creek Advisors LLC lifted its position in Grid Dynamics by 0.4% in the third quarter. Summit Creek Advisors LLC now owns 984,074 shares of the company’s stock valued at $11,986,000 after buying an additional 3,564 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Grid Dynamics by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 428,407 shares of the company’s stock valued at $5,218,000 after buying an additional 29,892 shares during the last quarter. Institutional investors and hedge funds own 71.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald upped their target price on shares of Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. Citigroup dropped their target price on shares of Grid Dynamics from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. upped their target price on shares of Grid Dynamics from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $15.75.

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.