Oak Ridge Investments LLC Makes New $1.60 Million Investment in Grid Dynamics Holdings, Inc. $GDYN

Key Points

• Oak Ridge Investments LLC acquired a new position in Grid Dynamics Holdings, Inc. in the first quarter, purchasing 102,122 shares valued at approximately $1.6 million.
• As of now, 71.18% of Grid Dynamics' stock is owned by institutional investors, highlighting significant institutional interest in the company.
• Analysts have mixed ratings on Grid Dynamics, with a consensus of "Moderate Buy" and an average price target of $17.50, despite a recent downgrade to "hold" by Wall Street Zen.

Oak Ridge Investments LLC bought a new position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 102,122 shares of the company's stock, valued at approximately $1,598,000. Oak Ridge Investments LLC owned 0.12% of Grid Dynamics as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lord Abbett & CO. LLC raised its position in Grid Dynamics by 27.7% during the first quarter. Lord Abbett & CO. LLC now owns 1,067,454 shares of the company's stock valued at $16,706,000 after acquiring an additional 231,598 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position 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 valued at $27,000 after acquiring an additional 1,689 shares in the last quarter. Russell Investments Group Ltd. raised its position in Grid Dynamics by 27.4% during the first quarter. Russell Investments Group Ltd. now owns 160,927 shares of the company's stock valued at $2,519,000 after acquiring an additional 34,620 shares in the last quarter. Public Sector Pension Investment Board raised its position in Grid Dynamics by 27.2% during the first quarter. Public Sector Pension Investment Board now owns 195,627 shares of the company's stock valued at $3,062,000 after acquiring an additional 41,801 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Grid Dynamics during the first quarter valued at approximately $19,977,000. Institutional investors and hedge funds own 71.18% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on GDYN shares. Wall Street Zen cut Grid Dynamics from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Needham & Company LLC reduced their price target on 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $17.50.

Grid Dynamics Stock Performance

Shares of GDYN traded down $0.0050 during trading hours on Tuesday, hitting $7.8650. 477,864 shares of the stock were exchanged, compared to its average volume of 827,217. Grid Dynamics Holdings, Inc. has a 12-month low of $7.52 and a 12-month high of $25.50. The company has a market cap of $665.93 million, a price-to-earnings ratio of 41.41 and a beta of 1.06. The stock's 50-day moving average price is $10.47 and its two-hundred day moving average price is $14.16.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Grid Dynamics had a return on equity of 1.89% and a net margin of 4.37%.The firm had revenue of $101.10 million during the quarter, compared to analysts' expectations of $100.45 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm's revenue for the quarter was up 21.7% on a year-over-year basis. 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 earnings per share for the current year.

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.