Tudor Investment Corp ET AL Has $2.32 Million Stock Position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Tudor Investment Corp ET AL increased its position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 56.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,492 shares of the company's stock after acquiring an additional 37,580 shares during the quarter. Tudor Investment Corp ET AL owned about 0.13% of Grid Dynamics worth $2,324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GDYN. Loomis Sayles & Co. L P acquired a new position in shares of Grid Dynamics during the fourth quarter worth approximately $55,114,000. Vanguard Group Inc. raised its position in shares of Grid Dynamics by 26.8% during the fourth 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 during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Grid Dynamics in the fourth quarter valued at about $22,192,000. Next Century Growth Investors LLC grew its position in Grid Dynamics by 78.1% during the fourth quarter. Next Century Growth Investors LLC now owns 1,622,226 shares of the company's stock worth $36,078,000 after buying an additional 711,150 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in Grid Dynamics during the fourth quarter valued at about $15,542,000. Institutional investors and hedge funds own 71.18% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, CFO Anil Doradla sold 2,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $18.10, for a total value of $36,200.00. Following the completion of the transaction, the chief financial officer now owns 366,818 shares in the company, valued at $6,639,405.80. This represents a 0.54 % decrease in their ownership of the stock. The transaction 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 stock in a transaction on Tuesday, March 4th. The stock was 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. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,043 shares of company stock valued at $327,338 in the last quarter. Company insiders own 7.20% of the company's stock.

Grid Dynamics Trading Down 0.2 %

Shares of Grid Dynamics stock traded down $0.03 during trading on Friday, reaching $14.13. The company's stock had a trading volume of 147,636 shares, compared to its average volume of 616,820. The stock has a market capitalization of $1.18 billion, a P/E ratio of 353.25 and a beta of 1.13. The stock has a 50-day moving average price of $15.09 and a two-hundred day moving average price of $18.20. Grid Dynamics Holdings, Inc. has a one year low of $9.07 and a one year high of $25.50.

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

Grid Dynamics Company 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.