Grid Dynamics Holdings Inc’s recently made public that its Officer LEONARD LIVSCHITZ acquired Company’s shares for reported $1.04 million on Jan 21 ’25. In the deal valued at $20.89 per share,50,000 shares were bought.
Then, Doradla Anil sold 3,000 shares, generating $66,360 in total proceeds. Upon selling the shares at $22.12, the CHIEF FINANCIAL OFFICER now owns 343,012 shares.
Before that, Livschitz Leonard sold 50,000 shares. Grid Dynamics Holdings Inc shares valued at $1,080,000 were divested by the CHIEF EXECUTIVE OFFICER at a price of $21.60 per share. As a result of the transaction, Livschitz Leonard now holds 3,091,906 shares, worth roughly $64.31 million.
TD Cowen upgraded its Grid Dynamics Holdings Inc [GDYN] rating to a Buy from a a Hold in a research note published on August 02, 2024; the price target was increased to $16 from $12. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. Needham also remained covering GDYN and reiterated its “Buy” recommendation on March 04, 2022. Citigroup started covering the stock on November 01, 2021. It rated GDYN as “a Buy”.
Price Performance Review of GDYN
On Tuesday, Grid Dynamics Holdings Inc [NASDAQ:GDYN] saw its stock fall -1.23% to $20.80. Over the last five days, the stock has gained 1.56%. Grid Dynamics Holdings Inc shares have fallen nearly -6.47% since the year began. Nevertheless, the stocks have risen 63.27% over the past one year. While a 52-week high of $24.16 was reached on 01/03/25, a 52-week low of $9.07 was recorded on 01/13/25. SMA at 50 days reached $19.53, while 200 days put it at $14.06.
Levels Of Support And Resistance For GDYN Stock
The 24-hour chart illustrates a support level at 20.41, which if violated will result in even more drops to 20.02. On the upside, there is a resistance level at 21.33. A further resistance level may holdings at 21.86. The Relative Strength Index (RSI) on the 14-day chart is 52.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.14%. Stochastics %K at 29.55% indicates the stock is a holding.
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 2024-12-31, growing by 0.59 million shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.62 million shares. There was a rise of 26.55%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 30, 2021 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $25 price target.
