Axiom Investors LLC DE Makes New Investment in Grid Dynamics Holdings, Inc. $GDYN

Key Points

• Axiom Investors LLC DE has acquired 247,685 shares of Grid Dynamics Holdings, valued at approximately $3.9 million, during the 1st quarter, representing a 0.30% ownership stake.
• Several hedge funds, including Next Century Growth Investors LLC and American Century Companies Inc., have increased their holdings in Grid Dynamics, reflecting significant investor interest in the company.
• Grid Dynamics recently faced a downgrade from Wall Street Zen from a "buy" to a "hold" rating, with a consensus price target of $15.75 according to analysts.

Axiom Investors LLC DE purchased a new position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 247,685 shares of the company's stock, valued at approximately $3,876,000. Axiom Investors LLC DE owned about 0.30% of Grid Dynamics as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in Grid Dynamics by 12.4% in the first quarter. Goldman Sachs Group Inc. now owns 319,186 shares of the company's stock valued at $4,995,000 after purchasing an additional 35,204 shares during the period. Uniplan Investment Counsel Inc. lifted its position in Grid Dynamics by 9.3% in the first quarter. Uniplan Investment Counsel Inc. now owns 348,493 shares of the company's stock valued at $5,454,000 after purchasing an additional 29,580 shares during the period. Petrus Trust Company LTA lifted its position in Grid Dynamics by 79.9% in the first quarter. Petrus Trust Company LTA now owns 31,123 shares of the company's stock valued at $487,000 after purchasing an additional 13,821 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Grid Dynamics by 12.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,590 shares of the company's stock valued at $573,000 after purchasing an additional 4,116 shares during the period. Finally, AQR Capital Management LLC lifted its position in Grid Dynamics by 32.4% in the first quarter. AQR Capital Management LLC now owns 15,484 shares of the company's stock valued at $242,000 after purchasing an additional 3,791 shares during the period. Institutional investors and hedge funds own 71.18% of the company's stock.

Grid Dynamics Price Performance

Shares of GDYN stock traded down $0.18 during midday trading on Friday, reaching $7.58. 606,913 shares of the company traded hands, compared to its average volume of 866,500. Grid Dynamics Holdings, Inc. has a 1-year low of $7.37 and a 1-year high of $25.50. The firm has a market cap of $641.80 million, a PE ratio of 39.90 and a beta of 1.03. The firm's 50 day simple moving average is $9.09 and its two-hundred day simple moving average is $12.47.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Grid Dynamics had a return on equity of 1.89% and a net margin of 4.37%.The firm had revenue of $101.10 million during the quarter, compared to the consensus estimate of $100.45 million. During the same period in the previous year, the firm posted $0.08 EPS. The company's quarterly revenue was up 21.7% compared to the same quarter last year. Grid Dynamics has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GDYN shares. JPMorgan Chase & Co. reduced their price objective on shares of Grid Dynamics from $13.00 to $11.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Wall Street Zen downgraded shares of Grid Dynamics from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Needham & Company LLC reduced their price objective on shares of Grid Dynamics from $20.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Grid Dynamics presently has a consensus rating of "Buy" and a consensus target price of $15.75.

About Grid Dynamics

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale.