Commonwealth of Pennsylvania Public School Empls Retrmt SYS Makes New Investment in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 225,360 shares of the company’s stock, valued at approximately $5,012,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.27% of Grid Dynamics as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GDYN. Quest Partners LLC boosted its stake in Grid Dynamics by 35,544.7% in the 3rd quarter. Quest Partners LLC now owns 16,753 shares of the company’s stock worth $235,000 after purchasing an additional 16,706 shares during the period. Intech Investment Management LLC bought a new position in Grid Dynamics in the 3rd quarter worth about $153,000. Charles Schwab Investment Management Inc. boosted its stake in Grid Dynamics by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 464,206 shares of the company’s stock worth $6,499,000 after purchasing an additional 13,785 shares during the period. Quantbot Technologies LP bought a new position in Grid Dynamics in the 3rd quarter worth about $122,000. Finally, FMR LLC boosted its stake in 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 purchasing an additional 801 shares during the period. Institutional investors own 71.18% of the company’s stock.

Grid Dynamics Trading Down 0.6 %

Shares of GDYN opened at $16.26 on Friday. The company has a market cap of $1.36 billion, a PE ratio of 406.50 and a beta of 1.10. The stock has a 50-day moving average price of $20.38 and a 200-day moving average price of $18.27. Grid Dynamics Holdings, Inc. has a 12-month low of $9.07 and a 12-month high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last released its earnings results on Thursday, February 20th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The firm had revenue of $100.28 million during the quarter, compared to the consensus estimate of $96.00 million. Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%. As a group, analysts predict 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 lifted their price target on Grid Dynamics from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Five 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.com, the company has an average rating of “Buy” and an average price target of $19.60.

Insider Buying and Selling

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

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.