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

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CEO Leonard Livschitz sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $9.66, for a total transaction of $96,600.00. Following the completion of the sale, the chief executive officer now owns 3,575,901 shares of the company’s stock, valued at approximately $34,543,203.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, June 4th, Leonard Livschitz sold 10,000 shares of Grid Dynamics stock. The stock was sold at an average price of $9.24, for a total transaction of $92,400.00.
• On Tuesday, May 21st, Leonard Livschitz sold 10,000 shares of Grid Dynamics stock. The stock was sold at an average price of $10.12, for a total transaction of $101,200.00.
• 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 transaction of $106,800.00.
• On Tuesday, April 23rd, Leonard Livschitz sold 10,000 shares of Grid Dynamics stock. The shares were sold at an average price of $10.54, for a total transaction of $105,400.00.
• 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.

Grid Dynamics Trading Up 0.7 %

NASDAQ:GDYN opened at $10.26 on Tuesday. The firm has a 50-day moving average price of $10.02 and a two-hundred day moving average price of $11.92. Grid Dynamics Holdings, Inc. has a twelve month low of $8.76 and a twelve month high of $14.70. The company has a market capitalization of $785.10 million, a P/E ratio of 342.11 and a beta of 1.02.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly 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 firm had revenue of $79.82 million for the quarter, compared to analyst estimates of $77.48 million. On average, equities research analysts predict that Grid Dynamics Holdings, Inc. will post 0.03 earnings per share for the current year.

Institutional Investors Weigh In On Grid Dynamics

Several hedge funds have recently modified their holdings of GDYN. Barclays PLC boosted its stake in shares of Grid Dynamics by 8.5% during the 3rd quarter. Barclays PLC now owns 26,063 shares of the company’s stock worth $318,000 after purchasing an additional 2,036 shares during the last quarter. Swiss National Bank boosted its stake in shares of Grid Dynamics by 1.1% during the 3rd quarter. Swiss National Bank now owns 123,500 shares of the company’s stock worth $1,504,000 after purchasing an additional 1,300 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Grid Dynamics by 7.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 428,407 shares of the company’s stock worth $5,218,000 after purchasing an additional 29,892 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Grid Dynamics during the 3rd quarter worth about $260,000. Finally, Trexquant Investment LP acquired a new stake in shares of Grid Dynamics in the third quarter worth approximately $405,000. 71.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GDYN. Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price target on shares of Grid Dynamics in a report on Friday, May 3rd. JPMorgan Chase & Co. cut their price target on shares of Grid Dynamics from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Wedbush reiterated an “outperform” rating and issued a $13.00 price target on shares of Grid Dynamics in a report on Thursday, May 23rd. Citigroup dropped 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, April 22nd. Finally, Cantor Fitzgerald raised their target price on shares of Grid Dynamics from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.20.

About Grid Dynamics

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.