Goldman Sachs Group Inc. Boosts Holdings in Grid Dynamics Holdings, Inc. $GDYN

Key Points

• Goldman Sachs Group Inc. increased its holdings in Grid Dynamics Holdings, Inc. by 12.4%, now owning 319,186 shares worth approximately $4.995 million.
• Other institutional investors have also shown significant interest, with Caitong International Asset Management boosting its stake by 28,150% in the same quarter.
• Despite its positive performance, several analysts downgraded their ratings on Grid Dynamics, with target prices lowered, indicating potential challenges ahead.

Goldman Sachs Group Inc. boosted its position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 12.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 319,186 shares of the company's stock after buying an additional 35,204 shares during the quarter. Goldman Sachs Group Inc. owned 0.38% of Grid Dynamics worth $4,995,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its stake in Grid Dynamics by 28,150.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,695 shares of the company's stock worth $27,000 after buying an additional 1,689 shares during the period. PNC Financial Services Group Inc. boosted its stake in Grid Dynamics by 199.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company's stock worth $36,000 after buying an additional 1,526 shares during the period. USA Financial Formulas purchased a new position in Grid Dynamics during the first quarter worth $42,000. Cetera Investment Advisers boosted its stake in Grid Dynamics by 29.3% during the first quarter. Cetera Investment Advisers now owns 11,639 shares of the company's stock worth $182,000 after buying an additional 2,640 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Grid Dynamics during the first quarter valued at $183,000. 71.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Grid Dynamics Price Performance

NASDAQ:GDYN opened at $7.61 on Wednesday. Grid Dynamics Holdings, Inc. has a 1-year low of $7.37 and a 1-year high of $25.50. The company has a 50-day moving average of $8.80 and a 200 day moving average of $12.17. The firm has a market cap of $644.34 million, a PE ratio of 40.05 and a beta of 1.03.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. Grid Dynamics had a net margin of 4.37% and a return on equity of 1.89%. The company had revenue of $101.10 million during the quarter, compared to analyst estimates of $100.45 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The firm's revenue for the quarter 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. Sell-side analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Grid Dynamics Company 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.

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