Baader Bank Aktiengesellschaft Makes New Investment in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Baader Bank Aktiengesellschaft purchased a new position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GDYN. American Century Companies Inc. increased its position in shares of Grid Dynamics by 34.9% in the second quarter. American Century Companies Inc. now owns 38,852 shares of the company’s stock valued at $408,000 after acquiring an additional 10,054 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Grid Dynamics by 14.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,672,906 shares of the company’s stock worth $17,581,000 after purchasing an additional 206,201 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Grid Dynamics during the 2nd quarter worth approximately $117,000. Squarepoint Ops LLC acquired a new stake in shares of Grid Dynamics in the 2nd quarter valued at approximately $191,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Grid Dynamics by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 22,388 shares of the company’s stock valued at $235,000 after buying an additional 1,184 shares in the last quarter. 71.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Grid Dynamics

In other news, CFO Anil Doradla sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $22.12, for a total transaction of $66,360.00. Following the transaction, the chief financial officer now directly owns 343,012 shares of the company’s stock, valued at approximately $7,587,425.44. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 10,000 shares of company stock valued at $194,240. 7.20% of the stock is currently owned by corporate insiders.

Grid Dynamics Stock Up 0.1 %

Shares of GDYN stock opened at $22.59 on Friday. Grid Dynamics Holdings, Inc. has a 12-month low of $9.07 and a 12-month high of $24.16. The company has a market capitalization of $1.86 billion, a PE ratio of 753.25 and a beta of 1.01. The firm has a 50 day moving average price of $20.45 and a two-hundred day moving average price of $16.48.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Grid Dynamics had a return on equity of 0.15% and a net margin of 0.74%. The business had revenue of $87.40 million during the quarter, compared to analysts’ expectations of $85.09 million. During the same period last year, the firm posted $0.08 EPS. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, research analysts expect that Grid Dynamics Holdings, Inc. will post 0.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Grid Dynamics from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. TD Cowen raised their target price on shares of Grid Dynamics from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup boosted their price target on Grid Dynamics from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Needham & Company LLC raised their price objective on Grid Dynamics from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Grid Dynamics currently has a consensus rating of “Buy” and a consensus price target of $18.33.

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.