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

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $22.12, for a total transaction of $66,360.00. Following the sale, the chief financial officer now directly owns 343,012 shares in the company, valued at $7,587,425.44. The trade was a 0.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, December 9th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The shares were sold at an average price of $19.08, for a total value of $57,240.00.
• On Thursday, November 7th, Anil Doradla sold 4,000 shares of Grid Dynamics stock. The stock was sold at an average price of $17.66, for a total value of $70,640.00.
• On Friday, November 1st, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The shares were sold at an average price of $17.66, for a total value of $52,980.00.

Grid Dynamics Price Performance

NASDAQ:GDYN opened at $21.12 on Thursday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 704.23 and a beta of 1.01. The business has a 50 day moving average of $19.12 and a 200 day moving average of $15.32. Grid Dynamics Holdings, Inc. has a 1-year low of $9.07 and a 1-year high of $24.16.

Grid Dynamics (NASDAQ:GDYN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Grid Dynamics had a net margin of 0.74% and a return on equity of 0.15%. The firm had revenue of $87.40 million during the quarter, compared to analyst estimates of $85.09 million. During the same period in the previous year, the business posted $0.08 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Needham & Company LLC raised their price objective on shares of Grid Dynamics from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup lifted their target price on shares of Grid Dynamics from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. boosted their price target on shares of Grid Dynamics from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, TD Cowen raised their price objective on shares of Grid Dynamics from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Grid Dynamics has an average rating of “Buy” and a consensus target price of $18.33.

Institutional Trading of Grid Dynamics

Several institutional investors have recently added to or reduced their stakes in GDYN. Wellington Management Group LLP increased its holdings in shares of Grid Dynamics by 30.9% in the third quarter. Wellington Management Group LLP now owns 2,859,808 shares of the company’s stock worth $40,037,000 after buying an additional 675,419 shares during the period. Lord Abbett & CO. LLC bought a new position in Grid Dynamics during the 3rd quarter worth approximately $8,589,000. Fourth Sail Capital LP increased its stake in Grid Dynamics by 138.0% in the 2nd quarter. Fourth Sail Capital LP now owns 769,924 shares of the company’s stock worth $8,092,000 after purchasing an additional 446,477 shares during the period. Dimensional Fund Advisors LP lifted its position in Grid Dynamics by 14.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,672,906 shares of the company’s stock valued at $17,581,000 after purchasing an additional 206,201 shares during the last quarter. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of Grid Dynamics during the third quarter valued at approximately $1,751,000. 71.18% of the stock is currently 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.