Alyeska Investment Group L.P. Trims Holdings in Grid Dynamics Holdings, Inc. $GDYN

Key Points

• Alyeska Investment Group L.P. reduced its stake in Grid Dynamics Holdings, Inc. by 43.2%, owning 603,440 shares valued at approximately $9.44 million after selling 459,854 shares.
• Several institutional investors increased their holdings in Grid Dynamics, with Ameriprise Financial Inc. raising its stake by 303.8% in the last quarter.
• Grid Dynamics reported earnings of $0.10 per share for the last quarter, matching analysts' expectations, with revenue increasing 21.7% year-over-year to $101.10 million.

Alyeska Investment Group L.P. decreased its position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 43.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 603,440 shares of the company's stock after selling 459,854 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.72% of Grid Dynamics worth $9,444,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GDYN. Nuveen LLC bought a new position in shares of Grid Dynamics in the 1st quarter valued at about $19,977,000. Focus Partners Wealth bought a new stake in shares of Grid Dynamics during the fourth quarter worth $23,053,000. Ensign Peak Advisors Inc bought a new stake in shares of Grid Dynamics during the fourth quarter worth $20,162,000. Driehaus Capital Management LLC bought a new stake in shares of Grid Dynamics in the fourth quarter worth $19,458,000. Finally, American Century Companies Inc. boosted its position in Grid Dynamics by 72.7% during the first quarter. American Century Companies Inc. now owns 1,073,327 shares of the company's stock valued at $16,798,000 after acquiring an additional 451,862 shares during the last quarter. Institutional investors and hedge funds own 71.18% of the company's stock.

Grid Dynamics Trading Down 4.3%

Shares of NASDAQ GDYN traded down $0.34 during mid-day trading on Wednesday, reaching $7.45. The company had a trading volume of 175,763 shares, compared to its average volume of 862,428. The stock has a market cap of $630.37 million, a price-to-earnings ratio of 39.27 and a beta of 1.03. The business's 50-day moving average is $9.27 and its 200-day moving average is $12.59. Grid Dynamics Holdings, Inc. has a 52 week low of $7.46 and a 52 week high of $25.50.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. The company had revenue of $101.10 million during the quarter, compared to analysts' expectations of $100.45 million. Grid Dynamics had a net margin of 4.37% and a return on equity of 1.89%. Grid Dynamics's revenue for the quarter was up 21.7% on a year-over-year basis. During the same period last 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, equities research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

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

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.