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Grid Dynamics Holdings, Inc. (NASDAQ:GDYN – Get Rating) Director Lloyd Carney sold 60,000 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $12.48, for a total value of $748,800.00. Following the transaction, the director now directly owns 708,709 shares of the company’s stock, valued at $8,844,688.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Grid Dynamics Price Performance
Shares of GDYN stock traded down $0.37 during trading hours on Friday, reaching $12.38. 130,845 shares of the company’s stock were exchanged, compared to its average volume of 701,039. The company has a market cap of $916.11 million, a P/E ratio of -32.69 and a beta of 0.82. The company’s 50 day moving average is $14.94 and its two-hundred day moving average is $17.15. Grid Dynamics Holdings, Inc. has a 1 year low of $9.09 and a 1 year high of $42.81.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their target price on Grid Dynamics from $27.00 to $22.00 in a report on Friday, October 14th. Needham & Company LLC reduced their price objective on Grid Dynamics from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Finally, Citigroup reduced their price objective on Grid Dynamics from $27.00 to $18.00 in a research note on Friday, November 4th.
Hedge Funds Weigh In On Grid Dynamics
A number of large investors have recently modified their holdings of GDYN. MCF Advisors LLC purchased a new position in shares of Grid Dynamics during the 3rd quarter worth $31,000. Meeder Asset Management Inc. lifted its stake in shares of Grid Dynamics by 120.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,422 shares of the company’s stock worth $34,000 after purchasing an additional 1,325 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Grid Dynamics by 58.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,060 shares of the company’s stock worth $35,000 after purchasing an additional 760 shares during the period. AdvisorShares Investments LLC purchased a new position in shares of Grid Dynamics during the 2nd quarter worth $42,000. Finally, UBS Group AG raised its position in shares of Grid Dynamics by 412.4% in the 3rd quarter. UBS Group AG now owns 2,275 shares of the company’s stock worth $43,000 after buying an additional 1,831 shares during the period. 66.15% of the stock is owned by hedge funds and other institutional investors.
Grid Dynamics Company Profile
(Get Rating)
Grid Dynamics Holdings, Inc, together with its subsidiaries, provides enterprise-level digital transformation services in the areas of search, analytics, and release automation for Fortune 1000 corporations in North America, Europe, and internationally. It works in collaboration with its clients on digital transformation initiatives that cover strategy consulting, early prototypes, and enterprise-scale delivery of new digital platforms.
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