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

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $10.54, for a total transaction of $105,400.00. Following the completion of the sale, the chief executive officer now directly owns 3,660,691 shares of the company’s stock, valued at $38,583,683.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, April 9th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were 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 shares were sold at an average price of $12.03, for a total transaction of $142,964.52.
• On Tuesday, March 12th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $12.36, for a total transaction 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 stock was 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 transaction of $195,900.00.

Grid Dynamics Stock Down 2.9 %

Shares of GDYN stock opened at $9.94 on Friday. The company has a 50 day moving average price of $12.22 and a 200-day moving average price of $12.45. Grid Dynamics Holdings, Inc. has a 52 week low of $8.00 and a 52 week high of $14.70. The firm has a market capitalization of $755.14 million, a PE ratio of -331.22 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GDYN. Citigroup decreased their target price on shares of Grid Dynamics from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday. Cantor Fitzgerald lifted their price target on shares of Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Grid Dynamics from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Grid Dynamics has a consensus rating of “Buy” and an average price target of $15.75.

Institutional Trading of Grid Dynamics

Several large investors have recently added to or reduced their stakes in the business. Arizona State Retirement System grew its position 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 period. American Trust grew its position 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 period. Swiss National Bank grew its position 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 period. International Assets Investment Management LLC bought a new stake in Grid Dynamics during the fourth quarter valued at approximately $26,000. Finally, Barclays PLC grew its position in Grid Dynamics by 8.5% during the third quarter. Barclays PLC now owns 26,063 shares of the company’s stock valued at $318,000 after buying an additional 2,036 shares during the period. 71.18% of the stock is currently owned by institutional investors.

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.