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

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $10.12, for a total value of $101,200.00. Following the completion of the sale, the chief executive officer now directly owns 3,595,901 shares in the company, valued at $36,390,518.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 stock was 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 value 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 shares were sold at an average price of $13.88, for a total value of $208,200.00.

Grid Dynamics Trading Up 1.0 %

NASDAQ:GDYN opened at $10.27 on Friday. Grid Dynamics Holdings, Inc. has a 12-month low of $8.53 and a 12-month high of $14.70. The stock has a 50-day moving average price of $10.98 and a 200 day moving average price of $12.29. The stock has a market capitalization of $785.87 million, a P/E ratio of 342.33 and a beta of 1.00.

Grid Dynamics (NASDAQ:GDYN) last released its earnings results on Thursday, May 2nd. The company reported ($0.08) earnings per share (EPS) 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 analysts’ expectations of $77.48 million. On average, research analysts predict that Grid Dynamics Holdings, Inc. will post 0.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grid Dynamics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in Grid Dynamics by 5.3% during the fourth quarter. Arizona State Retirement System now owns 16,849 shares of the company’s stock valued at $225,000 after buying an additional 855 shares during the last quarter. American Trust boosted its stake in 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 buying an additional 1,186 shares during the last quarter. Swiss National Bank boosted its stake in Grid Dynamics by 1.1% during the third quarter. Swiss National Bank now owns 123,500 shares of the company’s stock valued at $1,504,000 after buying an additional 1,300 shares during the last quarter. International Assets Investment Management LLC bought a new position in Grid Dynamics during the fourth quarter valued at approximately $26,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Grid Dynamics by 8.4% during the first 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 last quarter. 71.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on GDYN shares. Wedbush reissued an “outperform” rating and issued a $13.00 target price on shares of Grid Dynamics in a report on Thursday. JPMorgan Chase & Co. reduced their price target on Grid Dynamics from $17.00 to $15.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Cantor Fitzgerald upped their price target on Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. Citigroup reduced 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. Finally, Needham & Company LLC restated a “buy” rating and issued a $16.00 price target on shares of Grid Dynamics in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Grid Dynamics presently has an average rating of “Buy” and an average price target 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.