Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Sells $48,180.00 in Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 2,000 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $24.09, for a total value of $48,180.00. Following the transaction, the chief financial officer now owns 341,012 shares in the company, valued at approximately $8,214,979.08. This trade represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, January 7th, Anil Doradla sold 3,000 shares of Grid Dynamics stock. The stock was sold at an average price of $22.12, for a total value of $66,360.00.
• 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.

Grid Dynamics Trading Up 0.5 %

NASDAQ GDYN opened at $22.84 on Friday. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 761.59 and a beta of 1.01. Grid Dynamics Holdings, Inc. has a twelve month low of $9.07 and a twelve month high of $24.60. The stock has a 50-day moving average of $21.27 and a 200 day moving average of $17.22.

Hedge Funds Weigh In On Grid Dynamics

Large investors have recently bought and sold shares of the business. Global Retirement Partners LLC acquired a new position in Grid Dynamics in the 4th quarter worth about $27,000. FMR LLC raised its holdings in Grid Dynamics by 38.7% in the 3rd quarter. FMR LLC now owns 2,873 shares of the company’s stock worth $40,000 after purchasing an additional 801 shares during the period. MCF Advisors LLC increased its stake in Grid Dynamics by 65.8% during the 4th quarter. MCF Advisors LLC now owns 1,864 shares of the company’s stock worth $41,000 after buying an additional 740 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Grid Dynamics by 68.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 3,157 shares of the company’s stock worth $71,000 after buying an additional 1,282 shares in the last quarter. Finally, Quarry LP increased its stake in Grid Dynamics by 131.5% during the 3rd quarter. Quarry LP now owns 5,236 shares of the company’s stock worth $73,000 after buying an additional 2,974 shares in the last quarter. Institutional investors and hedge funds own 71.18% of the company’s stock.

Wall Street Analyst Weigh In

GDYN has been the topic of several research analyst reports. Needham & Company LLC boosted their price target on Grid Dynamics from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. TD Cowen boosted their price objective on Grid Dynamics from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup boosted their price objective on Grid Dynamics from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Grid Dynamics from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. 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, the stock has a consensus rating of “Buy” and a consensus target price of $18.33.

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.