Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Director Shuo Zhang Sells 4,000 Shares of Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYNGet Free Report) Director Shuo Zhang sold 4,000 shares of Grid Dynamics stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $9.34, for a total value of $37,360.00. Following the completion of the sale, the director now directly owns 22,015 shares in the company, valued at approximately $205,620.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Grid Dynamics Stock Performance

Shares of GDYN stock opened at $9.42 on Thursday. The stock has a 50 day moving average price of $10.53 and a 200 day moving average price of $12.18. Grid Dynamics Holdings, Inc. has a 52-week low of $8.67 and a 52-week high of $14.70. The firm has a market capitalization of $720.82 million, a P/E ratio of 314.10 and a beta of 1.02.

Grid Dynamics (NASDAQ:GDYNGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.09). The business had revenue of $79.82 million for the quarter, compared to the consensus estimate of $77.48 million. Grid Dynamics had a return on equity of 3.31% and a net margin of 0.72%. As a group, sell-side analysts forecast that Grid Dynamics Holdings, Inc. will post 0.03 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on GDYN shares. JPMorgan Chase & Co. cut their target price on shares of Grid Dynamics from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Cantor Fitzgerald boosted 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. Wedbush reaffirmed an “outperform” rating and issued a $13.00 price target on shares of Grid Dynamics in a report on Thursday, May 23rd. Citigroup reduced their price objective on Grid Dynamics from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of Grid Dynamics in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $15.20.

View Our Latest Report on GDYN

Institutional Investors Weigh In On Grid Dynamics

Several large investors have recently added to or reduced their stakes in GDYN. Wasatch Advisors LP grew its holdings in Grid Dynamics by 4.9% during the 1st quarter. Wasatch Advisors LP now owns 7,614,713 shares of the company’s stock worth $93,585,000 after acquiring an additional 357,785 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Grid Dynamics by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,202,012 shares of the company’s stock valued at $51,643,000 after purchasing an additional 64,300 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Grid Dynamics by 1.2% during the first quarter. Jennison Associates LLC now owns 2,339,142 shares of the company’s stock valued at $28,748,000 after purchasing an additional 26,974 shares in the last quarter. Wellington Management Group LLP increased its holdings in Grid Dynamics by 26.7% during 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 period. Finally, Summit Creek Advisors LLC raised its stake in Grid Dynamics by 0.7% in the first quarter. Summit Creek Advisors LLC now owns 917,304 shares of the company’s stock worth $11,274,000 after buying an additional 6,047 shares in the last quarter. 71.18% of the stock is owned by hedge funds and other institutional investors.

Grid Dynamics Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Grid Dynamics (NASDAQ:GDYN)

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