Wisconsin Capital Management LLC Takes $222,000 Position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Wisconsin Capital Management LLC acquired a new position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in shares of Grid Dynamics during the 4th quarter worth $27,000. FMR LLC lifted its stake 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 acquiring an additional 801 shares during the period. MCF Advisors LLC grew its holdings in 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 acquiring an additional 740 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in 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 purchasing an additional 1,282 shares during the period. Finally, Quarry LP increased its position in 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 purchasing an additional 2,974 shares during the period. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Grid Dynamics Stock Performance

NASDAQ:GDYN opened at $15.52 on Wednesday. The company’s 50-day simple moving average is $19.74 and its 200-day simple moving average is $18.40. Grid Dynamics Holdings, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $25.50. The stock has a market capitalization of $1.30 billion, a P/E ratio of 388.00 and a beta of 1.10.

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

Insider Activity at Grid Dynamics

In other news, COO Yury Gryzlov sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $16.77, for a total transaction of $33,540.00. Following the sale, the chief operating officer now owns 480,759 shares in the company, valued at approximately $8,062,328.43. The trade was a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Anil Doradla sold 3,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 343,012 shares of the company’s stock, valued at $7,587,425.44. The trade was a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,306 shares of company stock valued at $376,590 in the last ninety days. Corporate insiders own 7.20% of the company’s stock.

Analysts Set New Price Targets

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

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.