Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Sells $92,400.00 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYNGet Free Report) CEO Leonard Livschitz sold 10,000 shares of Grid Dynamics stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $9.24, for a total value of $92,400.00. Following the sale, the chief executive officer now directly owns 3,585,901 shares in the company, valued at $33,133,725.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, May 21st, Leonard Livschitz sold 10,000 shares of Grid Dynamics stock. The stock was sold at an average price of $10.12, for a total value of $101,200.00.
  • On Tuesday, May 7th, Leonard Livschitz sold 10,000 shares of Grid Dynamics stock. The stock was sold at an average price of $10.68, for a total value of $106,800.00.
  • On Tuesday, April 23rd, Leonard Livschitz sold 10,000 shares of Grid Dynamics stock. The stock was sold at an average price of $10.54, for a total value of $105,400.00.
  • 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 value 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 value 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.

Grid Dynamics Trading Up 1.5 %

NASDAQ:GDYN opened at $9.56 on Friday. Grid Dynamics Holdings, Inc. has a 1 year low of $8.76 and a 1 year high of $14.70. The firm has a 50 day moving average of $10.47 and a 200-day moving average of $12.16. The stock has a market capitalization of $731.53 million, a P/E ratio of 318.77 and a beta of 1.02.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in Grid Dynamics in the 4th quarter worth approximately $26,000. ProShare Advisors LLC bought a new position in Grid Dynamics in the 1st quarter worth approximately $124,000. American Trust raised its position in Grid Dynamics by 10.1% in the 3rd quarter. American Trust now owns 12,963 shares of the company’s stock worth $158,000 after purchasing an additional 1,186 shares during the last quarter. Johnson Investment Counsel Inc. bought a new position in Grid Dynamics in the 3rd quarter worth approximately $166,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Grid Dynamics by 147.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,246 shares of the company’s stock worth $203,000 after purchasing an additional 9,081 shares during the last quarter. Institutional investors own 71.18% of the company’s stock.

Analyst Upgrades and Downgrades

GDYN has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on shares of Grid Dynamics from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Wedbush restated an “outperform” rating and set a $13.00 price target on shares of Grid Dynamics in a research note on Thursday, May 23rd. Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of Grid Dynamics in a research note on Friday, May 3rd. Cantor Fitzgerald raised their price target on shares of Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Finally, Citigroup cut their price target 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, April 22nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Grid Dynamics currently has a consensus rating of “Buy” and an average price target of $15.20.

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About Grid Dynamics

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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.

Further Reading

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

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