Insider Selling: Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Sells 10,000 Shares of Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 10,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $10.54, for a total transaction of $105,400.00. Following the transaction, the chief executive officer now owns 3,660,691 shares of the company’s stock, valued at approximately $38,583,683.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 stock was sold at an average price of $12.03, for a total value of $142,964.52.
• On Tuesday, March 12th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $12.36, for a total value of $185,400.00.
• On Tuesday, February 27th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.88, for a total transaction of $208,200.00.
• On Tuesday, February 13th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.08, for a total transaction of $196,200.00.
• On Tuesday, January 30th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.06, for a total value of $195,900.00.

Grid Dynamics Trading Down 1.7 %

Shares of NASDAQ:GDYN traded down $0.18 on Wednesday, reaching $10.24. 246,539 shares of the company’s stock were exchanged, compared to its average volume of 302,266. Grid Dynamics Holdings, Inc. has a twelve month low of $8.00 and a twelve month high of $14.70. The company has a fifty day moving average of $12.36 and a 200-day moving average of $12.48. The company has a market capitalization of $777.93 million, a price-to-earnings ratio of -341.55 and a beta of 0.94.

Grid Dynamics (NASDAQ:GDYN) last released its earnings results on Thursday, February 22nd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $78.07 million for the quarter, compared to the consensus estimate of $76.64 million. Grid Dynamics had a negative net margin of 0.56% and a positive return on equity of 6.77%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. As a group, equities research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Grid Dynamics during the 3rd quarter worth $142,000. Summit Creek Advisors LLC grew its holdings in Grid Dynamics by 0.4% during the 3rd quarter. Summit Creek Advisors LLC now owns 984,074 shares of the company’s stock worth $11,986,000 after acquiring an additional 3,564 shares during the last quarter. Barclays PLC raised its position in Grid Dynamics by 8.5% during the 3rd quarter. Barclays PLC now owns 26,063 shares of the company’s stock worth $318,000 after purchasing an additional 2,036 shares during the last quarter. Swiss National Bank lifted its holdings in Grid Dynamics by 1.1% during the 3rd quarter. Swiss National Bank now owns 123,500 shares of the company’s stock worth $1,504,000 after buying an additional 1,300 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Grid Dynamics by 7.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 428,407 shares of the company’s stock valued at $5,218,000 after buying an additional 29,892 shares during the period. 71.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Cantor Fitzgerald increased their price target on shares of Grid Dynamics from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. Citigroup decreased their target price on Grid Dynamics from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on Grid Dynamics from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $15.75.

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.