Grid Dynamics (NASDAQ:GDYN) Stock: Insider Anil Doradla Sells 1,500 Shares

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) CFO Anil Doradla sold 1,500 shares of the company’s stock in a transaction on Friday, November 6th. The shares were sold at an average price of $13.26, for a total transaction of $19,890.00. Following the completion of the transaction, the chief financial officer owned 373,009 shares of the company’s stock, valued at approximately $4,946,099.34. The trade was a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anil Doradla also recently made the following trade(s):

• On Friday, October 30th, Anil Doradla sold 20,000 shares of Grid Dynamics stock. The stock was sold at an average price of $10.51, for a total value of $210,200.00.

Grid Dynamics Stock Up 5.7%

Shares of NASDAQ GDYN opened at $14.06 on Wednesday. The stock has a market cap of $1.13 billion, a PE ratio of 156.22 and a beta of 0.88. Grid Dynamics Holdings, Inc. has a 52-week low of $5.11 and a 52-week high of $14.07. The business has a 50-day moving average price of $8.91 and a 200 day moving average price of $7.15.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm had revenue of $114.29 million during the quarter, compared to the consensus estimate of $112.77 million. Grid Dynamics had a net margin of 1.81% and a return on equity of 3.24%. Sell-side analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.26 earnings per share for the current year.

Key Grid Dynamics News

Here are the key news stories impacting Grid Dynamics this week:

• Positive Sentiment: Grid Dynamics was highlighted among stocks showing recent price strength alongside improving earnings estimates, which may be reinforcing investor momentum. Zacks article
• Positive Sentiment: Recent analyst actions included price-target increases from TD Cowen, Needham and JPMorgan, with each maintaining a positive rating. The company’s latest reported quarterly EPS and revenue also topped consensus estimates, providing a fundamental backdrop for the stock’s strength.
• Neutral Sentiment: A report listed short interest at zero shares, suggesting no reported short position to drive potential short-covering. The article’s claim of a significant increase conflicts with that zero figure, so the data should be treated cautiously.
• Negative Sentiment: Director Lloyd Carney reported multiple stock sales, and CFO Anil Doradla sold 1,500 shares. The CFO’s sale was made under a prearranged Rule 10b5-1 plan, and both executives retained substantial holdings; still, insider selling may temper sentiment. Director SEC filing CFO SEC filing
• Negative Sentiment: The reported analyst consensus target of $11.80 is below the recent trading level, a possible valuation headwind despite several firms’ target hikes.

Institutional Trading of Grid Dynamics

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its position in Grid Dynamics by 60.1% in the first quarter. PNC Financial Services Group Inc. now owns 8,315 shares of the company’s stock worth $47,000 after acquiring an additional 3,122 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Grid Dynamics in the second quarter valued at $75,000. FNY Investment Advisers LLC purchased a new stake in shares of Grid Dynamics during the 2nd quarter worth $99,000. Vise Technologies Inc. purchased a new stake in shares of Grid Dynamics during the 3rd quarter worth $103,000. Finally, StoneX Group Inc. purchased a new stake in shares of Grid Dynamics during the 3rd quarter worth $120,000. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on GDYN. Wall Street Zen raised shares of Grid Dynamics from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of Grid Dynamics in a report on Thursday, October 29th. TD Cowen boosted their price target on Grid Dynamics from $9.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Needham & Company LLC boosted their price target on Grid Dynamics from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on Grid Dynamics from $8.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.80.

Grid Dynamics Company Profile

Grid Dynamics Holdings, Inc. is a digital engineering and technology consulting company that helps businesses develop and modernize software, data platforms and digital products. Its services include cloud and data engineering, artificial intelligence and machine learning, application development, and digital commerce solutions. The company works with clients across industries to support technology strategy and implementation, including the design, development and operation of digital systems. Grid Dynamics was founded in 2006 and is headquartered in San Ramon, California, with delivery and client operations spanning North America, Europe and Asia.