Jump Financial LLC Invests $1.74 Million in Grid Dynamics Holdings, Inc. $GDYN

Key Points

• Jump Financial LLC acquired 110,909 shares of Grid Dynamics Holdings, Inc. for approximately $1.736 million, bringing their ownership to 0.13% of the company.
• Grid Dynamics reported a quarterly revenue of $101.10 million, a 21.7% increase from the same quarter last year, with EPS meeting analyst expectations at $0.10.
• The company currently has an average analyst rating of "Buy" and a consensus price target of $15.75, although some analysts have lowered their price objectives recently.

Jump Financial LLC bought a new position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 110,909 shares of the company's stock, valued at approximately $1,736,000. Jump Financial LLC owned 0.13% of Grid Dynamics at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GDYN. Nuveen LLC purchased a new stake in shares of Grid Dynamics in the 1st quarter worth about $19,977,000. Focus Partners Wealth purchased a new position in Grid Dynamics during the 4th quarter valued at about $23,053,000. Ensign Peak Advisors Inc purchased a new position in Grid Dynamics during the 4th quarter valued at about $20,162,000. Driehaus Capital Management LLC purchased a new position in Grid Dynamics during the 4th quarter valued at about $19,458,000. Finally, American Century Companies Inc. lifted its position in Grid Dynamics by 72.7% during the 1st quarter. American Century Companies Inc. now owns 1,073,327 shares of the company's stock valued at $16,798,000 after acquiring an additional 451,862 shares during the period. 71.18% of the stock is owned by hedge funds and other institutional investors.

Grid Dynamics Stock Up 2.7%

Grid Dynamics stock traded up $0.22 during trading hours on Friday, hitting $8.29. The stock had a trading volume of 1,723,067 shares, compared to its average volume of 1,618,368. The stock has a market capitalization of $701.91 million, a P/E ratio of 82.90 and a beta of 1.06. Grid Dynamics Holdings, Inc. has a 12-month low of $7.46 and a 12-month high of $25.50. The stock's 50-day moving average price is $9.79 and its 200-day moving average price is $13.33.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 business's revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period 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 expect that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.