Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz Sells 10,000 Shares of Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,660,691 shares in the company, valued at $38,583,683.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 shares were 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 shares were 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 shares were sold at an average price of $13.06, for a total transaction of $195,900.00.

Grid Dynamics Stock Performance

GDYN opened at $10.24 on Thursday. The firm has a market cap of $777.93 million, a P/E ratio of -341.22 and a beta of 0.94. The firm has a 50-day moving average of $12.30 and a 200 day moving average of $12.46. Grid Dynamics Holdings, Inc. has a fifty-two week low of $8.00 and a fifty-two week high of $14.70.

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

Institutional Investors Weigh In On Grid Dynamics

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in shares of Grid Dynamics in the fourth quarter valued at approximately $26,000. SG Americas Securities LLC bought a new stake in Grid Dynamics during the third quarter valued at approximately $142,000. American Trust lifted its position in Grid Dynamics by 10.1% during the third quarter. American Trust now owns 12,963 shares of the company’s stock valued at $158,000 after purchasing an additional 1,186 shares during the last quarter. Johnson Investment Counsel Inc. bought a new stake in Grid Dynamics during the third quarter valued at approximately $166,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Grid Dynamics by 147.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,246 shares of the company’s stock valued at $203,000 after purchasing an additional 9,081 shares during the last quarter. 71.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on GDYN. JPMorgan Chase & Co. boosted their price target on shares of Grid Dynamics from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Cantor Fitzgerald boosted their price target on shares of Grid Dynamics from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Finally, Citigroup reduced their target price on shares of Grid Dynamics from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price 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.