Grid Dynamics Holdings, Inc. $GDYN Stock Holdings Boosted by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has increased its holdings in Grid Dynamics Holdings, Inc. by 27.4%, acquiring an additional 34,620 shares to reach a total of 160,927 shares worth approximately $2.5 million.
• Several institutional investors have also increased their stakes, with Wells Fargo growing its holdings by 39.3% and Tower Research Capital significantly lifting its position by 120.9%.
• Wall Street analysts have given mixed reviews, with some downgrading their ratings and lowering target prices, while the majority still maintain a Buy rating for the stock with an average target of $15.75.

Russell Investments Group Ltd. raised its position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 27.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,927 shares of the company's stock after buying an additional 34,620 shares during the quarter. Russell Investments Group Ltd. owned about 0.19% of Grid Dynamics worth $2,519,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Wyoming raised its stake 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 buying an additional 1,046 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in Grid Dynamics during the fourth quarter valued at approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Grid Dynamics by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,474 shares of the company's stock valued at $722,000 after buying an additional 1,106 shares in the last quarter. Arizona State Retirement System raised its stake in Grid Dynamics by 7.4% during the first quarter. Arizona State Retirement System now owns 19,109 shares of the company's stock valued at $299,000 after buying an additional 1,324 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Grid Dynamics by 199.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company's stock valued at $36,000 after buying an additional 1,526 shares in the last quarter. Institutional investors and hedge funds own 71.18% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GDYN. JPMorgan Chase & Co. dropped 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. Wall Street Zen cut Grid Dynamics from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Needham & Company LLC dropped 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. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $15.75.

Grid Dynamics Price Performance

GDYN stock traded up $0.22 on Friday, reaching $8.29. The company's stock had a trading volume of 1,723,067 shares, compared to its average volume of 1,618,368. Grid Dynamics Holdings, Inc. has a 52 week low of $7.46 and a 52 week high of $25.50. The company has a market capitalization of $701.91 million, a P/E ratio of 43.63 and a beta of 1.06. The firm has a fifty day moving average of $9.79 and a two-hundred day moving average of $13.27.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $100.45 million. During the same period in the prior year, the company posted $0.08 EPS. The business'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 analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal 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.