Riverbridge Partners LLC Lowers Position in Grid Dynamics Holdings, Inc. $GDYN

Key Points

• Riverbridge Partners LLC has reduced its position in Grid Dynamics Holdings, Inc. by 12.9%, now owning approximately 2.67% of the company worth $26.1 million after selling 334,157 shares.
• In its latest quarter, Grid Dynamics reported an earnings per share (EPS) of $0.10, matching expectations, with revenue growth of 21.7% year-over-year at $101.1 million.
• Despite recent downgrades, the stock maintains a consensus rating of "Buy" from analysts, with a target price of $14.80.

Riverbridge Partners LLC lowered its holdings in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 12.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,259,889 shares of the company's stock after selling 334,157 shares during the period. Riverbridge Partners LLC owned approximately 2.67% of Grid Dynamics worth $26,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GDYN. Cetera Investment Advisers purchased a new stake in shares of Grid Dynamics in the 4th quarter valued at about $200,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Grid Dynamics by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,474 shares of the company's stock valued at $722,000 after acquiring an additional 1,106 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Grid Dynamics in the 4th quarter valued at about $519,000. ProShare Advisors LLC raised its holdings in shares of Grid Dynamics by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 16,087 shares of the company's stock valued at $358,000 after acquiring an additional 5,293 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Grid Dynamics in the 4th quarter valued at about $1,219,000. Hedge funds and other institutional investors own 71.18% of the company's stock.

Grid Dynamics Price Performance

GDYN opened at $8.15 on Thursday. The stock's 50 day simple moving average is $8.43 and its 200 day simple moving average is $11.77. Grid Dynamics Holdings, Inc. has a 1 year low of $7.37 and a 1 year high of $25.50. The firm has a market cap of $690.06 million, a price-to-earnings ratio of 42.90 and a beta of 1.03.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last posted its quarterly 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. 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 period last year, the company earned $0.08 EPS. Grid Dynamics'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, sell-side analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GDYN shares. Needham & Company LLC reduced their price objective 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. Wall Street Zen lowered Grid Dynamics from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Jefferies Financial Group started coverage on Grid Dynamics in a research report on Monday. They set a "buy" rating and a $11.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their price objective 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. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Grid Dynamics currently has a consensus rating of "Buy" and a consensus target price of $14.80.

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.

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