Grid Dynamics Holdings Inc’s filing revealed that its CHIEF FINANCIAL OFFICER Doradla Anil unloaded Company’s shares for reported $36326.0 on Apr 01 ’24. In the deal valued at $12.11 per share,3,000 shares were sold. As a result of this transaction, Doradla Anil now holds 388,979 shares worth roughly $4.64 million.
Then, Livschitz Leonard sold 3,116 shares, generating $37,392 in total proceeds. Upon selling the shares at $12.00, the CHIEF EXECUTIVE OFFICER now owns 3,685,691 shares.
Before that, Livschitz Leonard sold 11,884 shares. Grid Dynamics Holdings Inc shares valued at $143,020 were divested by the CHIEF EXECUTIVE OFFICER at a price of $12.03 per share. As a result of the transaction, Livschitz Leonard now holds 3,688,807 shares, worth roughly $43.97 million.
Needham reiterated its Grid Dynamics Holdings Inc [GDYN] rating to a Buy in a research note published on March 04, 2022; the price target was $22. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. JP Morgan began covering GDYN with “an Overweight” recommendation on July 30, 2021.
Price Performance Review of GDYN
On Tuesday, Grid Dynamics Holdings Inc [NASDAQ:GDYN] saw its stock jump 1.45% to $11.92. Over the last five days, the stock has gained 0.76%. Grid Dynamics Holdings Inc shares have fallen nearly -10.58% since the year began. Nevertheless, the stocks have risen 3.92% over the past one year. While a 52-week high of $14.70 was reached on 02/23/24, a 52-week low of $8.00 was recorded on 04/05/24. SMA at 50 days reached $12.96, while 200 days put it at $12.00. A total of 0.23 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For GDYN Stock
The 24-hour chart illustrates a support level at 11.72, which if violated will result in even more drops to 11.51. On the upside, there is a resistance level at 12.10. A further resistance level may holdings at 12.27. The Relative Strength Index (RSI) on the 14-day chart is 43.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.14%. Stochastics %K at 19.84% indicates the stock is a buying.
How much short interest is there in Grid Dynamics Holdings Inc?
A steep rise in short interest was recorded in Grid Dynamics Holdings Inc stocks on Mar 15, 2024, dropping by -0.27 million shares to a total of 2.65 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.92 million shares. There was a decline of -10.19%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.69% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.91.
The most recent change occurred on October 15, 2020 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $11 price target.
