Cubist Systematic Strategies LLC Purchases New Holdings in Grid Dynamics Holdings, Inc. $GDYN

Key Points

• Cubist Systematic Strategies LLC has invested approximately $1.47 million in Grid Dynamics Holdings, Inc., acquiring 94,051 shares, which represents a 0.11% ownership stake.
• Several hedge funds, including Next Century Growth Investors LLC and American Century Companies Inc., have significantly increased their stakes in Grid Dynamics during the first quarter, collectively owning 71.18% of the company's stock.
• Grid Dynamics reported earnings of $0.10 per share for the quarter, meeting consensus estimates, with revenues rising 21.7% compared to last year, totaling $101.1 million.

Cubist Systematic Strategies LLC bought a new stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 94,051 shares of the company's stock, valued at approximately $1,472,000. Cubist Systematic Strategies LLC owned 0.11% of Grid Dynamics as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GDYN. Nuveen LLC acquired a new position in Grid Dynamics in the first quarter valued at $19,977,000. Focus Partners Wealth acquired a new position in Grid Dynamics in the fourth quarter valued at $23,053,000. Ensign Peak Advisors Inc acquired a new position in Grid Dynamics in the fourth quarter valued at $20,162,000. American Century Companies Inc. lifted its holdings in Grid Dynamics by 72.7% in the first quarter. American Century Companies Inc. now owns 1,073,327 shares of the company's stock valued at $16,798,000 after buying an additional 451,862 shares during the period. Finally, Fourth Sail Capital LP raised its holdings in shares of Grid Dynamics by 52.3% during the first quarter. Fourth Sail Capital LP now owns 1,024,269 shares of the company's stock valued at $16,030,000 after purchasing an additional 351,608 shares during the period. Institutional investors and hedge funds own 71.18% of the company's stock.

Wall Street Analyst Weigh In

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

Grid Dynamics Stock Performance

NASDAQ GDYN traded down $0.18 on Friday, hitting $7.58. The stock had a trading volume of 606,939 shares, compared to its average volume of 1,220,251. Grid Dynamics Holdings, Inc. has a 52-week low of $7.37 and a 52-week high of $25.50. The company 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 of $8.99 and a 200-day moving average of $12.38.

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, meeting the consensus estimate of $0.10. The company had revenue of $101.10 million for the quarter, compared to analyst estimates of $100.45 million. Grid Dynamics had a net margin of 4.37% and a return on equity of 1.89%. The firm's quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the firm 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 fiscal year.

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.