Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Director Yueou Wang Sells 9,156 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Director Yueou Wang sold 9,156 shares of the stock in a transaction on Friday, November 19th. The shares were sold at an average price of $38.59, for a total value of $353,330.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Yueou Wang also recently made the following trade(s):

  • On Thursday, November 11th, Yueou Wang sold 10,000 shares of Grid Dynamics stock. The shares were sold at an average price of $37.82, for a total value of $378,200.00.
  • On Tuesday, August 31st, Yueou Wang sold 80,000 shares of Grid Dynamics stock. The stock was sold at an average price of $25.76, for a total value of $2,060,800.00.

Shares of GDYN opened at $38.23 on Thursday. The business’s 50 day moving average is $31.71 and its 200 day moving average is $24.42. The company has a market capitalization of $2.37 billion, a PE ratio of -212.38 and a beta of 0.78. Grid Dynamics Holdings, Inc. has a 12-month low of $9.51 and a 12-month high of $40.50.

Grid Dynamics (NASDAQ:GDYN) last issued its earnings results on Thursday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $57.93 million for the quarter, compared to the consensus estimate of $50.87 million. Grid Dynamics had a positive return on equity of 10.83% and a negative net margin of 5.04%. The firm’s quarterly revenue was up 120.0% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS. On average, equities research analysts predict that Grid Dynamics Holdings, Inc. will post 0.11 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its stake in Grid Dynamics by 120.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 864 shares of the company’s stock valued at $27,000 after purchasing an additional 472 shares during the period. Ameritas Investment Partners Inc. increased its stake in Grid Dynamics by 25.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,399 shares of the company’s stock worth $36,000 after acquiring an additional 481 shares during the last quarter. Royal Bank of Canada increased its stake in Grid Dynamics by 54.1% in the 1st quarter. Royal Bank of Canada now owns 2,298 shares of the company’s stock worth $37,000 after acquiring an additional 807 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in Grid Dynamics in the 3rd quarter worth approximately $39,000. Finally, Macquarie Group Ltd. bought a new stake in Grid Dynamics in the 2nd quarter worth approximately $42,000. 47.41% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on the company. Northland Securities raised their target price on Grid Dynamics from $19.00 to $29.00 and gave the stock an “outperform” rating in a research report on Monday, August 9th. Citigroup assumed coverage on Grid Dynamics in a research report on Monday, November 1st. They issued a “buy” rating and a $35.00 target price on the stock. Needham & Company LLC raised their target price on Grid Dynamics from $30.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, November 5th. JPMorgan Chase & Co. started coverage on Grid Dynamics in a research note on Friday, July 30th. They issued an “overweight” rating and a $25.00 price objective on the stock. Finally, Canaccord Genuity raised their price objective on Grid Dynamics from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, August 6th. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Grid Dynamics presently has a consensus rating of “Buy” and an average target price of $28.14.

Grid Dynamics Company Profile

Grid Dynamics Holdings, Inc provides digital engineering and information technology services. Its core business is to deliver focused and complex technical consulting, software design, development, testing and internet service operations. The company also helps organizations become more agile and create innovative digital products and experiences through its deep expertise in emerging technology, such as AI, data science, cloud computing, big data and DevOps, lean software development practices and a performance product culture.

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Insider Buying and Selling by Quarter for Grid Dynamics (NASDAQ:GDYN)

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