247,685 Shares in Grid Dynamics Holdings, Inc. $GDYN Acquired by Axiom Investors LLC DE

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 acquired 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 13F filing with the Securities and Exchange Commission. The fund acquired 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.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in Grid Dynamics by 28,150.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,695 shares of the company's stock worth $27,000 after acquiring an additional 1,689 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Grid Dynamics by 199.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company's stock worth $36,000 after acquiring an additional 1,526 shares during the last quarter. USA Financial Formulas acquired a new position in Grid Dynamics during the 1st quarter worth about $42,000. Cetera Investment Advisers acquired a new position in Grid Dynamics during the 4th quarter worth about $200,000. Finally, PharVision Advisers LLC acquired a new position in Grid Dynamics during the 4th quarter worth about $214,000. Institutional investors own 71.18% of the company's stock.

Analyst Ratings Changes

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

Grid Dynamics Stock Performance

Shares of NASDAQ:GDYN traded down $0.18 during midday trading on Friday, reaching $7.58. The company's stock had a trading volume of 606,939 shares, compared to its average volume of 1,220,251. The firm has a market capitalization of $641.80 million, a price-to-earnings ratio of 39.90 and a beta of 1.03. The firm has a 50 day moving average price of $8.99 and a two-hundred day moving average price of $12.38. Grid Dynamics Holdings, Inc. has a fifty-two week low of $7.37 and a fifty-two week high of $25.50.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.10. The company had revenue of $101.10 million for the quarter, compared to the consensus estimate of $100.45 million. Grid Dynamics had a return on equity of 1.89% and a net margin of 4.37%.The firm's revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. 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 year.

Grid Dynamics Profile

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.