Uniplan Investment Counsel Inc. lifted its stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 30.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 318,913 shares of the company's stock after acquiring an additional 74,314 shares during the period. Uniplan Investment Counsel Inc. owned 0.39% of Grid Dynamics worth $7,093,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of Grid Dynamics in the 4th quarter worth $27,000. FMR LLC increased its position in Grid Dynamics by 38.7% during the 3rd quarter. FMR LLC now owns 2,873 shares of the company's stock valued at $40,000 after buying an additional 801 shares in the last quarter. MCF Advisors LLC increased its position in Grid Dynamics by 65.8% during the 4th quarter. MCF Advisors LLC now owns 1,864 shares of the company's stock valued at $41,000 after buying an additional 740 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in Grid Dynamics by 68.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 3,157 shares of the company's stock valued at $71,000 after buying an additional 1,282 shares in the last quarter. Finally, Atria Investments Inc acquired a new position in Grid Dynamics during the 4th quarter valued at about $208,000. 71.18% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC upped their target price on Grid Dynamics from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Grid Dynamics currently has a consensus rating of "Buy" and an average price target of $19.60.
Get Our Latest Stock Analysis on GDYN
Grid Dynamics Trading Down 0.4 %
Shares of GDYN stock traded down $0.05 during mid-day trading on Friday, reaching $13.96. The stock had a trading volume of 278,941 shares, compared to its average volume of 612,216. The business's fifty day moving average is $16.20 and its 200-day moving average is $18.33. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 349.00 and a beta of 0.99. Grid Dynamics Holdings, Inc. has a 1-year low of $9.07 and a 1-year high of $25.50.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.06). The firm had revenue of $100.28 million during the quarter, compared to analyst estimates of $96.00 million. Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.33%. On average, analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.
Insider Activity
In other news, CFO Anil Doradla sold 2,000 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $24.09, for a total value of $48,180.00. Following the sale, the chief financial officer now owns 341,012 shares in the company, valued at $8,214,979.08. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Yury Gryzlov sold 10,306 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $18.66, for a total value of $192,309.96. Following the completion of the sale, the chief operating officer now owns 482,759 shares in the company, valued at $9,008,282.94. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,043 shares of company stock valued at $349,078. Company insiders own 7.20% of the company's stock.
About Grid Dynamics
(
Free Report)
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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