Grid Dynamics Holdings, Inc. $GDYN Shares Bought by Taylor Frigon Capital Management LLC

Key Points

• Taylor Frigon Capital Management LLC increased its stake in Grid Dynamics Holdings by 37.6% in the second quarter, owning 195,621 shares worth approximately $2.26 million.
• Grid Dynamics reported Q2 earnings matching analysts' expectations with an EPS of $0.10 and revenue of $101.1 million, reflecting a year-over-year revenue growth of 21.7%.
• Analyst ratings for Grid Dynamics are largely positive, with a consensus "Buy" rating and an average price target of $14.80.

Taylor Frigon Capital Management LLC raised its stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 37.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 195,621 shares of the company's stock after buying an additional 53,484 shares during the period. Taylor Frigon Capital Management LLC owned about 0.23% of Grid Dynamics worth $2,259,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd grew its holdings 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 acquiring an additional 1,689 shares during the period. PNC Financial Services Group Inc. boosted its position in Grid Dynamics by 199.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company's stock worth $36,000 after purchasing an additional 1,526 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Grid Dynamics during the 1st quarter worth approximately $42,000. Cetera Investment Advisers increased its holdings in shares of Grid Dynamics by 29.3% during the 1st quarter. Cetera Investment Advisers now owns 11,639 shares of the company's stock valued at $182,000 after purchasing an additional 2,640 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Grid Dynamics in the 1st quarter valued at $183,000. Hedge funds and other institutional investors own 71.18% of the company's stock.

Grid Dynamics Stock Down 0.1%

GDYN opened at $7.99 on Monday. The firm's fifty day simple moving average is $8.32 and its two-hundred day simple moving average is $11.58. 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 cap of $676.51 million, a price-to-earnings ratio of 42.05 and a beta of 1.03.

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 business 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%. The company's quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. Grid Dynamics has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

GDYN has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Grid Dynamics in a report on Monday, September 22nd. They set a "buy" rating and a $11.00 price target on the stock. Needham & Company LLC reissued a "buy" rating and set a $15.00 target price on shares of Grid Dynamics in a research note on Thursday. Wall Street Zen cut Grid Dynamics from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, JPMorgan Chase & Co. cut their price target on Grid Dynamics from $13.00 to $11.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $14.80.

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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