Insider Selling: Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Director 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 on Monday, June 3rd. The shares were sold at an average price of $9.34, for a total value of $37,360.00. Following the transaction, the director now directly owns 22,015 shares of the company’s stock, valued at $205,620.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Grid Dynamics Trading Up 3.7 %

Shares of GDYN traded up $0.34 on Wednesday, reaching $9.42. 469,539 shares of the company’s stock were exchanged, compared to its average volume of 318,282. The business has a 50 day moving average price of $10.53 and a two-hundred day moving average price of $12.18. Grid Dynamics Holdings, Inc. has a 12 month low of $8.67 and a 12 month high of $14.70. The stock 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 posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.08) earnings per share 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 company had revenue of $79.82 million during the quarter, compared to analyst estimates of $77.48 million. Equities research analysts predict that Grid Dynamics Holdings, Inc. will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

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

View Our Latest Report on GDYN

Institutional Inflows and Outflows

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

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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