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 business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $10.43, for a total transaction of $31,290.00. Following the transaction, the chief financial officer now directly owns 372,282 shares of the company’s stock, valued at approximately $3,882,901.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 opened at $10.53 on Friday. Grid Dynamics Holdings, Inc. has a 52-week low of $9.00 and a 52-week high of $14.70. The firm has a market capitalization of $805.76 million, a P/E ratio of 351.12 and a beta of 1.05. The company’s 50 day simple moving average is $10.03 and its 200-day simple moving average is $11.78.

Grid Dynamics (NASDAQ:GDYN) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates 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. Sell-side analysts predict that Grid Dynamics Holdings, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Trading of Grid Dynamics

Several institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in Grid Dynamics by 113.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,482,626 shares of the company’s stock valued at $18,058,000 after buying an additional 789,373 shares during the period. 1492 Capital Management LLC grew its holdings in shares of Grid Dynamics by 1.1% during the 4th quarter. 1492 Capital Management LLC now owns 271,964 shares of the company’s stock valued at $3,625,000 after acquiring an additional 2,926 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Grid Dynamics by 4.9% in the first quarter. Wasatch Advisors LP now owns 7,614,713 shares of the company’s stock worth $93,585,000 after acquiring an additional 357,785 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Grid Dynamics by 5.8% during the third quarter. Public Employees Retirement System of Ohio now owns 271,591 shares of the company’s stock worth $3,308,000 after acquiring an additional 14,940 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in Grid Dynamics by 41.1% during the fourth quarter. Mutual of America Capital Management LLC now owns 209,208 shares of the company’s stock valued at $2,789,000 after purchasing an additional 60,906 shares during the last quarter. 71.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price objective on shares of Grid Dynamics in a research report on Friday, May 3rd. JPMorgan Chase & Co. cut their price objective on shares of Grid Dynamics from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Wedbush reissued an “outperform” rating and set a $13.00 target price on shares of Grid Dynamics in a research note on Thursday, May 23rd. Citigroup decreased their price objective on shares of Grid Dynamics from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Finally, Cantor Fitzgerald increased their price target on Grid Dynamics from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, March 13th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Grid Dynamics has an average rating of “Buy” and an average target price of $15.20.

About Grid Dynamics

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.