Jefferies Financial Group Inc. Buys Shares of 146,100 Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Jefferies Financial Group Inc. bought a new stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 146,100 shares of the company's stock, valued at approximately $3,249,000. Jefferies Financial Group Inc. owned about 0.18% of Grid Dynamics as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Loomis Sayles & Co. L P purchased a new position in Grid Dynamics during the 4th quarter valued at about $55,114,000. Vanguard Group Inc. lifted its stake in Grid Dynamics by 26.8% in the 4th quarter. Vanguard Group Inc. now owns 5,535,526 shares of the company's stock valued at $123,110,000 after buying an additional 1,171,481 shares in the last quarter. Focus Partners Wealth acquired a new stake in Grid Dynamics during the 4th quarter valued at $23,053,000. William Blair Investment Management LLC purchased a new stake in shares of Grid Dynamics in the fourth quarter valued at $22,192,000. Finally, Ensign Peak Advisors Inc purchased a new stake in Grid Dynamics during the 4th quarter worth about $20,162,000. Institutional investors and hedge funds own 71.18% of the company's stock.

Grid Dynamics Stock Down 0.8%

Shares of GDYN stock traded down $0.11 during trading hours on Monday, hitting $13.87. 59,650 shares of the company were exchanged, compared to its average volume of 629,143. Grid Dynamics Holdings, Inc. has a 1 year low of $9.07 and a 1 year high of $25.50. The firm has a fifty day moving average of $14.65 and a 200 day moving average of $18.18. The firm has a market cap of $1.16 billion, a PE ratio of 345.63 and a beta of 1.13.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The company had revenue of $100.42 million for the quarter, compared to analyst estimates of $98.19 million. Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.33%. Grid Dynamics's revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS. Analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Needham & Company LLC upped their target price on shares of Grid Dynamics from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $17.60.

Insider Buying and Selling at Grid Dynamics

In other news, CFO Anil Doradla sold 2,000 shares of Grid Dynamics stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $18.10, for a total transaction of $36,200.00. Following the sale, the chief financial officer now owns 366,818 shares in the company, valued at $6,639,405.80. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Yury Gryzlov sold 10,306 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $18.66, for a total transaction of $192,309.96. Following the completion of the transaction, the chief operating officer now owns 482,759 shares of the company's stock, valued at $9,008,282.94. This trade represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,043 shares of company stock valued at $327,338. Company insiders own 7.20% of the company's stock.

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.