S Squared Technology LLC Sells 122,000 Shares of Grid Dynamics Holdings, Inc. $GDYN

Key Points

• S Squared Technology LLC has reduced its holdings in Grid Dynamics Holdings, Inc. by 46.9%, selling 122,000 shares and now owning a total of 137,881 shares.
• Several other hedge funds have made significant changes to their positions in Grid Dynamics, with PNC Financial Services Group Inc. increasing its stake by 199.0% this quarter.
• Analysts have recently lowered their price targets for Grid Dynamics, with Needham & Company reducing it from $20.00 to $15.00, while maintaining a "buy" rating.

S Squared Technology LLC reduced its stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 46.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 137,881 shares of the company's stock after selling 122,000 shares during the period. Grid Dynamics accounts for 1.1% of S Squared Technology LLC's holdings, making the stock its 29th biggest holding. S Squared Technology LLC owned 0.16% of Grid Dynamics worth $2,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Axiom Investors LLC DE acquired a new position in Grid Dynamics during the 1st quarter worth approximately $3,876,000. Goldman Sachs Group Inc. increased its holdings in shares of Grid Dynamics by 12.4% during the first quarter. Goldman Sachs Group Inc. now owns 319,186 shares of the company's stock valued at $4,995,000 after acquiring an additional 35,204 shares in the last quarter. Uniplan Investment Counsel Inc. raised its position in shares of Grid Dynamics by 9.3% during the first quarter. Uniplan Investment Counsel Inc. now owns 348,493 shares of the company's stock worth $5,454,000 after purchasing an additional 29,580 shares during the period. Petrus Trust Company LTA lifted its holdings in shares of Grid Dynamics by 79.9% in the 1st quarter. Petrus Trust Company LTA now owns 31,123 shares of the company's stock worth $487,000 after purchasing an additional 13,821 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Grid Dynamics by 12.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,590 shares of the company's stock valued at $573,000 after purchasing an additional 4,116 shares during the period. Institutional investors own 71.18% of the company's stock.

Grid Dynamics Trading Down 2.3%

Shares of GDYN stock traded down $0.18 during trading on Friday, hitting $7.58. The company's stock had a trading volume of 606,939 shares, compared to its average volume of 1,220,251. The business has a fifty day moving average of $8.99 and a 200-day moving average of $12.38. The company has a market cap of $641.80 million, a PE ratio of 39.90 and a beta of 1.03. Grid Dynamics Holdings, Inc. has a 52 week low of $7.37 and a 52 week high of $25.50.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued 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 net margin of 4.37% and a return on equity of 1.89%. The company had revenue of $101.10 million during the quarter, compared to analyst estimates of $100.45 million. During the same quarter last year, the business posted $0.08 EPS. Grid Dynamics's quarterly revenue 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, research analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

GDYN has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of 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 lowered Grid Dynamics from a "buy" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Needham & Company LLC cut their target price 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 research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average 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.