Nebula Research & Development LLC acquired a new stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 38,024 shares of the company's stock, valued at approximately $846,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Coppell Advisory Solutions LLC acquired a new stake in shares of Grid Dynamics during the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new position in shares of Grid Dynamics during the 4th quarter worth about $27,000. MCF Advisors LLC increased its stake in shares of Grid Dynamics by 65.8% in the 4th quarter. MCF Advisors LLC now owns 1,864 shares of the company's stock valued at $41,000 after acquiring an additional 740 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of Grid Dynamics by 68.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 3,157 shares of the company's stock valued at $71,000 after acquiring an additional 1,282 shares during the period. Finally, Atria Investments Inc bought a new position in Grid Dynamics during the 4th quarter worth approximately $208,000. Institutional investors own 71.18% of the company's stock.
Analysts Set New Price Targets
Separately, Needham & Company LLC increased their target price on shares of Grid Dynamics from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Friday. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Grid Dynamics has a consensus rating of "Buy" and a consensus target price of $17.60.
Get Our Latest Stock Report on Grid Dynamics
Insider Activity at Grid Dynamics
In other Grid Dynamics news, COO Yury Gryzlov sold 10,306 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $18.66, for a total transaction of $192,309.96. Following the sale, the chief operating officer now directly owns 482,759 shares of the company's stock, valued at $9,008,282.94. The trade was a 2.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Anil Doradla sold 2,000 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $24.09, for a total value of $48,180.00. Following the completion of the transaction, the chief financial officer now owns 341,012 shares of the company's stock, valued at $8,214,979.08. The trade was a 0.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,043 shares of company stock valued at $349,078. 7.20% of the stock is owned by insiders.
Grid Dynamics Price Performance
GDYN traded down $0.44 during trading on Friday, reaching $13.64. The company had a trading volume of 1,278,893 shares, compared to its average volume of 615,991. The business's fifty day moving average price is $15.53 and its 200 day moving average price is $18.27. Grid Dynamics Holdings, Inc. has a 12 month low of $9.07 and a 12 month high of $25.50. The company has a market cap of $1.14 billion, a P/E ratio of 341.00 and a beta of 0.99.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $100.42 million during the quarter, compared to analysts' expectations of $98.19 million. Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%. The company's revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. As a group, sell-side analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.
Grid Dynamics Company Profile
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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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