Integrated Quantitative Investments LLC Invests $440,000 in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Integrated Quantitative Investments LLC bought a new stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,781 shares of the company’s stock, valued at approximately $440,000.

Several other hedge funds have also recently added to or reduced their stakes in GDYN. Global Retirement Partners LLC acquired a new position in shares of Grid Dynamics during the fourth quarter valued at $27,000. MCF Advisors LLC raised its position in shares of Grid Dynamics by 65.8% during the 4th quarter. MCF Advisors LLC now owns 1,864 shares of the company’s stock worth $41,000 after buying an additional 740 shares in the last quarter. FMR LLC lifted its stake in shares of Grid Dynamics by 38.7% in the 3rd quarter. FMR LLC now owns 2,873 shares of the company’s stock worth $40,000 after acquiring an additional 801 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Grid Dynamics by 68.4% in the fourth 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 in the last quarter. Finally, Quarry LP increased its stake in shares of Grid Dynamics by 131.5% during the third 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. Institutional investors own 71.18% of the company’s stock.

Analyst Ratings Changes

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

Grid Dynamics Stock Performance

Grid Dynamics stock opened at $13.72 on Friday. Grid Dynamics Holdings, Inc. has a 1 year low of $9.07 and a 1 year high of $25.50. The firm’s 50 day moving average price is $19.31 and its two-hundred day moving average price is $18.35. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 343.00 and a beta of 0.99.

Grid Dynamics (NASDAQ:GDYN) last announced its earnings results on Thursday, February 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06). The company had revenue of $100.28 million for the quarter, compared to analysts’ expectations of $96.00 million. Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.33%. As a group, equities analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Insider Transactions at Grid Dynamics

In other Grid Dynamics news, COO Yury Gryzlov sold 10,306 shares of Grid Dynamics stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $18.66, for a total transaction of $192,309.96. Following the transaction, the chief operating officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Anil Doradla sold 2,000 shares of the company’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 in the company, valued at $8,214,979.08. This represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,306 shares of company stock valued at $376,590 over the last ninety days. Corporate insiders own 7.20% of the company’s stock.

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.