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

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 3,000 shares of Grid Dynamics stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $10.00, for a total transaction of $30,000.00. Following the transaction, the chief financial officer now owns 385,979 shares in the company, valued at approximately $3,859,790. The transaction was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $13.26, for a total value of $53,040.00.

Grid Dynamics Stock Up 2.3 %

Shares of GDYN opened at $10.07 on Friday. Grid Dynamics Holdings, Inc. has a 52-week low of $8.00 and a 52-week high of $14.70. The firm has a market cap of $765.02 million, a price-to-earnings ratio of 335.78 and a beta of 1.00. The business’s 50 day moving average is $11.74 and its two-hundred day moving average is $12.33.

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

Hedge Funds Weigh In On Grid Dynamics

Large investors have recently modified their holdings of the stock. Wasatch Advisors LP raised its stake in Grid Dynamics by 4.9% during 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 in the last quarter. Vanguard Group Inc. raised its position in shares of Grid Dynamics by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,007,370 shares of the company’s stock valued at $48,810,000 after acquiring an additional 45,750 shares in the last quarter. Jennison Associates LLC lifted its stake in Grid Dynamics by 1.2% during the first quarter. Jennison Associates LLC now owns 2,339,142 shares of the company’s stock worth $28,748,000 after purchasing an additional 26,974 shares during the last quarter. Wellington Management Group LLP boosted its holdings 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 worth $25,046,000 after purchasing an additional 396,320 shares during the period. Finally, Summit Creek Advisors LLC increased its stake in Grid Dynamics by 0.4% during the third quarter. Summit Creek Advisors LLC now owns 984,074 shares of the company’s stock valued at $11,986,000 after purchasing an additional 3,564 shares during the last quarter. Institutional investors own 71.18% of the company’s stock.

Analyst Ratings Changes

GDYN has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 target price on shares of Grid Dynamics in a research note on Friday. Citigroup lowered their price objective on shares of Grid Dynamics from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Cantor Fitzgerald upped their target price 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, JPMorgan Chase & Co. dropped 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. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus 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.