Leonard Livschitz Sells 10,000 Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 10,000 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $9.66, for a total transaction of $96,600.00. Following the transaction, the chief executive officer now owns 3,575,901 shares in the company, valued at $34,543,203.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, June 4th, Leonard Livschitz sold 10,000 shares of Grid Dynamics stock. The stock was sold at an average price of $9.24, for a total transaction of $92,400.00.
• On Tuesday, May 21st, Leonard Livschitz sold 10,000 shares of Grid Dynamics stock. The shares were sold at an average price of $10.12, for a total transaction 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 shares were 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 transaction of $178,050.00.
• On Tuesday, March 26th, Leonard Livschitz sold 11,884 shares of Grid Dynamics stock. The shares were sold at an average price of $12.03, for a total value of $142,964.52.

Grid Dynamics Trading Up 2.9 %

Shares of NASDAQ:GDYN opened at $10.19 on Monday. The company has a 50 day moving average of $10.03 and a 200-day moving average of $11.93. The firm has a market cap of $779.74 million, a P/E ratio of 339.78 and a beta of 1.02. Grid Dynamics Holdings, Inc. has a twelve month low of $8.76 and a twelve month high of $14.70.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $77.48 million. Equities research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.03 EPS for the current year.

Institutional Investors Weigh In On Grid Dynamics

Several hedge funds and other institutional investors have recently bought and sold shares of GDYN. Comerica Bank increased its holdings in shares of Grid Dynamics by 198.8% in the first quarter. Comerica Bank now owns 77,820 shares of the company’s stock valued at $956,000 after buying an additional 51,778 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in Grid Dynamics by 43.1% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 604,481 shares of the company’s stock valued at $7,429,000 after acquiring an additional 182,052 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Grid Dynamics by 8.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,546 shares of the company’s stock valued at $314,000 after buying an additional 1,985 shares during the period. Summit Creek Advisors LLC raised its holdings in shares of Grid Dynamics by 0.7% during the first quarter. Summit Creek Advisors LLC now owns 917,304 shares of the company’s stock worth $11,274,000 after acquiring an additional 6,047 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in 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 during the last quarter. 71.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. 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 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. Cantor Fitzgerald increased their target price on Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of Grid Dynamics in a report on Friday, May 3rd. Finally, Wedbush restated an “outperform” rating and issued a $13.00 price target on shares of Grid Dynamics in a research report on Thursday, May 23rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $15.20.

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.