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 the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $10.43, for a total value of $31,290.00. Following the completion of the sale, the chief financial officer now owns 372,282 shares of the company’s stock, valued at $3,882,901.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Anil Doradla also recently made the following trade(s):

• On Monday, June 10th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The shares were sold at an average price of $10.00, for a total transaction of $30,000.00.
• On Wednesday, May 1st, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The stock was sold at an average price of $10.00, for a total transaction of $30,000.00.

Grid Dynamics Price Performance

GDYN stock traded down $0.04 during mid-day trading on Wednesday, reaching $10.53. 175,354 shares of the company’s stock were exchanged, compared to its average volume of 328,449. Grid Dynamics Holdings, Inc. has a 12-month low of $9.00 and a 12-month high of $14.70. The stock’s 50 day moving average is $10.02 and its 200 day moving average is $11.79. The company has a market cap of $805.76 million, a price-to-earnings ratio of 351.12 and a beta of 1.05.

Grid Dynamics (NASDAQ:GDYN) last announced 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). Grid Dynamics had a return on equity of 3.31% and a net margin of 0.72%. The business had revenue of $79.82 million for the quarter, compared to analyst estimates of $77.48 million. On average, research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wedbush reaffirmed an “outperform” rating and issued a $13.00 price target on shares of Grid Dynamics in a report on Thursday, May 23rd. JPMorgan Chase & Co. cut their target price on Grid Dynamics from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Citigroup lowered their price target on 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 raised their price objective on Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Finally, Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of Grid Dynamics in a research report on Friday, May 3rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $15.20.

Hedge Funds Weigh In On Grid Dynamics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in shares of Grid Dynamics during the fourth quarter worth about $26,000. ProShare Advisors LLC purchased a new stake in Grid Dynamics during the 1st quarter worth approximately $124,000. American Trust raised its holdings in shares of 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 acquiring an additional 1,186 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Grid Dynamics by 147.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,246 shares of the company’s stock valued at $203,000 after acquiring an additional 9,081 shares in the last quarter. Finally, Olympiad Research LP acquired a new stake in Grid Dynamics during the 4th quarter worth $211,000. 71.18% of the stock is owned by hedge funds and other institutional investors.

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.