10,010 Shares in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,010 shares of the company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GDYN. Global Retirement Partners LLC purchased a new stake in shares of Grid Dynamics in the 4th quarter worth $27,000. FMR LLC increased its position in Grid Dynamics by 38.7% in the third quarter. FMR LLC now owns 2,873 shares of the company’s stock worth $40,000 after buying an additional 801 shares in the last quarter. MCF Advisors LLC raised its stake in shares of Grid Dynamics by 65.8% in the fourth quarter. MCF Advisors LLC now owns 1,864 shares of the company’s stock worth $41,000 after buying an additional 740 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of 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, Quarry LP grew its stake in shares of Grid Dynamics by 131.5% during the 3rd quarter. Quarry LP now owns 5,236 shares of the company’s stock valued at $73,000 after acquiring an additional 2,974 shares during the period. 71.18% of the stock is owned by hedge funds and other institutional investors.

Grid Dynamics Stock Down 2.9 %

Shares of Grid Dynamics stock opened at $15.81 on Friday. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 395.25 and a beta of 1.10. The stock’s 50-day simple moving average is $19.95 and its 200-day simple moving average is $18.32. Grid Dynamics Holdings, Inc. has a 52 week low of $9.07 and a 52 week high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%. The business had revenue of $100.28 million during the quarter, compared to analysts’ expectations of $96.00 million. On average, equities analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC raised their target price on shares of Grid Dynamics from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Grid Dynamics presently has a consensus rating of “Buy” and a consensus price target of $19.60.

Insider Buying and Selling

In other Grid Dynamics news, COO Yury Gryzlov sold 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $16.77, for a total transaction of $33,540.00. Following the completion of the transaction, the chief operating officer now owns 480,759 shares of the company’s stock, valued at $8,062,328.43. This represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Anil Doradla sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.12, for a total value of $66,360.00. Following the transaction, the chief financial officer now owns 343,012 shares of the company’s stock, valued at approximately $7,587,425.44. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,306 shares of company stock worth $376,590. 7.20% of the stock is owned by insiders.

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.