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TD Cowen Upgrades Grid Dynamics Holdings Inc (GDYN) to a Buy from a Hold

Grid Dynamics Holdings Inc’s recent filing unveils that its CHIEF EXECUTIVE OFFICER Livschitz Leonard unloaded Company’s shares for reported $1.11 million on Feb 18 ’25. In the deal valued at $22.11 per share,50,000 shares were sold. As a result of this transaction, Livschitz Leonard now holds 3,249,081 shares worth roughly $ 71.51 million.

Then, LEONARD LIVSCHITZ bought 50,000 shares, generating $1,105,304 in total proceeds.

Before that, Doradla Anil sold 2,000 shares. Grid Dynamics Holdings Inc shares valued at $48,180 were divested by the CHIEF FINANCIAL OFFICER at a price of $24.09 per share. As a result of the transaction, Doradla Anil now holds 341,012 shares, worth roughly $7.51 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 -2.26% to $22.01. Over the last five days, the stock has lost -4.10%. Grid Dynamics Holdings Inc shares have fallen nearly -1.03% since the year began. Nevertheless, the stocks have risen 63.40% over the past one year. While a 52-week high of $24.60 was reached on 02/07/25, a 52-week low of $9.07 was recorded on 01/13/25. SMA at 50 days reached $21.29, while 200 days put it at $15.19.

Levels Of Support And Resistance For GDYN Stock

The 24-hour chart illustrates a support level at 21.65, which if violated will result in even more drops to 21.30. On the upside, there is a resistance level at 22.49. A further resistance level may holdings at 22.98. The Relative Strength Index (RSI) on the 14-day chart is 48.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.23%. Stochastics %K at 47.67% indicates the stock is a holding.

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.

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