Vanguard Group Inc. Has $86.07 Million Stake in Grid Dynamics Holdings, Inc. $GDYN

Key Points

• Vanguard Group Inc. reduced its stake in Grid Dynamics Holdings by 0.6%, now owning approximately 5.5 million shares, valued at around $86 million.
• Grid Dynamics reported quarterly earnings hitting analysts' estimates with a net margin of 4.37% and a year-over-year revenue increase of 21.7%.
• Several analysts have recently updated their ratings on the stock, with Needham & Company lowering its price target while maintaining a "buy" rating, indicating a mixed outlook from analysts.

Vanguard Group Inc. trimmed its stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,499,812 shares of the company's stock after selling 35,714 shares during the period. Vanguard Group Inc. owned about 6.56% of Grid Dynamics worth $86,072,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC bought a new stake in Grid Dynamics in the fourth quarter valued at $25,000. PNC Financial Services Group Inc. grew its position in Grid Dynamics by 199.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company's stock valued at $36,000 after acquiring an additional 1,526 shares during the period. USA Financial Formulas bought a new stake in Grid Dynamics in the first quarter valued at $42,000. Johnson Financial Group Inc. bought a new stake in Grid Dynamics in the fourth quarter valued at $70,000. Finally, Cetera Investment Advisers bought a new stake in Grid Dynamics in the fourth quarter valued at $200,000. 71.18% of the stock is currently owned by institutional investors.

Grid Dynamics Trading Up 2.7%

Shares of GDYN traded up $0.22 during trading hours on Friday, hitting $8.29. 1,723,067 shares of the stock traded hands, compared to its average volume of 1,618,368. Grid Dynamics Holdings, Inc. has a 1-year low of $7.46 and a 1-year high of $25.50. The firm has a market capitalization of $701.91 million, a PE ratio of 43.63 and a beta of 1.06. The business has a fifty day moving average of $9.79 and a 200-day moving average of $13.33.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Grid Dynamics had a return on equity of 1.89% and a net margin of 4.37%.The business had revenue of $101.10 million for the quarter, compared to analyst estimates of $100.45 million. During the same quarter in the prior year, the firm posted $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. As a group, equities research analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

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