Jefferies Financial Group Inc. Acquires Shares of 146,100 Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Jefferies Financial Group Inc. purchased a new stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 146,100 shares of the company's stock, valued at approximately $3,249,000. Jefferies Financial Group Inc. owned about 0.18% of Grid Dynamics at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Castleark Management LLC bought a new stake in Grid Dynamics during the fourth quarter valued at $5,804,000. PharVision Advisers LLC bought a new stake in Grid Dynamics during the fourth quarter valued at $214,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Grid Dynamics by 7.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 119,913 shares of the company's stock valued at $2,667,000 after acquiring an additional 8,116 shares during the last quarter. Two Sigma Investments LP bought a new stake in Grid Dynamics during the fourth quarter valued at $1,219,000. Finally, State of Wyoming boosted its position in Grid Dynamics by 4.1% during the fourth quarter. State of Wyoming now owns 26,495 shares of the company's stock valued at $589,000 after acquiring an additional 1,046 shares during the last quarter. Institutional investors own 71.18% of the company's stock.

Insider Buying and Selling

In other Grid Dynamics news, COO Yury Gryzlov sold 2,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $13.22, for a total value of $26,440.00. Following the completion of the sale, the chief operating officer now directly owns 474,269 shares of the company's stock, valued at approximately $6,269,836.18. This represents a 0.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 19,043 shares of company stock worth $327,338 in the last quarter. Insiders own 7.20% of the company's stock.

Grid Dynamics Stock Performance

Shares of NASDAQ GDYN traded down $0.05 during trading on Friday, hitting $12.65. 923,244 shares of the company traded hands, compared to its average volume of 640,735. The business's fifty day moving average is $13.93 and its 200 day moving average is $17.88. Grid Dynamics Holdings, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $25.50. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 316.25 and a beta of 1.13.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.33%. The company had revenue of $100.42 million for the quarter, compared to analyst estimates of $98.19 million. During the same quarter in the prior year, the business posted $0.10 EPS. The firm's revenue was up 25.8% compared to the same quarter last year. On average, analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GDYN shares. Needham & Company LLC upped their price objective on shares of Grid Dynamics from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Wall Street Zen lowered shares of Grid Dynamics from a "buy" rating to a "hold" rating in a report on Friday. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Grid Dynamics presently has an average rating of "Buy" and an average price target of $18.75.

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.