Leonard Livschitz Sells 15,000 Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Stock

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 15,000 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $14.56, for a total transaction of $218,400.00. Following the completion of the transaction, the chief executive officer now owns 3,460,901 shares in the company, valued at $50,390,718.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, September 24th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The shares were sold at an average price of $13.73, for a total value of $205,950.00.
• On Tuesday, August 13th, Leonard Livschitz sold 15,000 shares of Grid Dynamics stock. The stock was sold at an average price of $13.02, for a total transaction of $195,300.00.
• On Tuesday, July 16th, Leonard Livschitz sold 10,000 shares of Grid Dynamics stock. The stock was sold at an average price of $11.63, for a total transaction of $116,300.00.

Grid Dynamics Trading Down 0.7 %

GDYN opened at $14.46 on Friday. Grid Dynamics Holdings, Inc. has a 1-year low of $9.07 and a 1-year high of $15.11. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 485.33 and a beta of 1.06. The company’s fifty day moving average price is $13.75 and its two-hundred day moving average price is $11.76.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Grid Dynamics had a positive return on equity of 1.05% and a negative net margin of 0.37%. The business had revenue of $83.04 million during the quarter, compared to analyst estimates of $81.06 million. During the same period in the prior year, the firm posted $0.09 EPS. Grid Dynamics’s quarterly revenue was up 7.4% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GDYN. Citigroup dropped their price objective on Grid Dynamics from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Cantor Fitzgerald raised shares of Grid Dynamics to a “strong-buy” rating in a report on Monday, August 12th. Needham & Company LLC lifted their price target on shares of Grid Dynamics from $16.00 to $17.00 and gave the company a “buy” rating in a report on Monday, August 5th. TD Cowen upgraded shares of Grid Dynamics from a “hold” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $16.00 in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Grid Dynamics from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $15.67.

Hedge Funds Weigh In On Grid Dynamics

Institutional investors have recently added to or reduced their stakes in the stock. Fourth Sail Capital LP raised its holdings in shares of Grid Dynamics by 138.0% in the 2nd quarter. Fourth Sail Capital LP now owns 769,924 shares of the company’s stock worth $8,092,000 after purchasing an additional 446,477 shares during the period. Wellington Management Group LLP lifted its position in shares of Grid Dynamics by 26.7% during the 4th quarter. Wellington Management Group LLP now owns 1,878,946 shares of the company’s stock valued at $25,046,000 after buying an additional 396,320 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Grid Dynamics by 4.9% during the 1st quarter. Wasatch Advisors LP now owns 7,614,713 shares of the company’s stock worth $93,585,000 after acquiring an additional 357,785 shares during the period. Summit Creek Advisors LLC increased its holdings in Grid Dynamics by 25.1% in the 2nd quarter. Summit Creek Advisors LLC now owns 1,147,992 shares of the company’s stock worth $12,065,000 after acquiring an additional 230,688 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Grid Dynamics by 14.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,672,906 shares of the company’s stock valued at $17,581,000 after acquiring an additional 206,201 shares during the period. Institutional investors own 71.18% of the company’s stock.

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.