Yousif Capital Management LLC Takes Position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Yousif Capital Management LLC acquired a new stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 23,655 shares of the company’s stock, valued at approximately $526,000.

A number of other large investors also recently added to or reduced their stakes in GDYN. Vontobel Holding Ltd. purchased a new position in Grid Dynamics in the 3rd quarter worth approximately $1,143,000. Mount Yale Investment Advisors LLC lifted its holdings in Grid Dynamics by 32.5% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 17,791 shares of the company’s stock worth $249,000 after purchasing an additional 4,362 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in Grid Dynamics in the 3rd quarter worth approximately $1,751,000. Royce & Associates LP lifted its holdings in Grid Dynamics by 5.9% in the 3rd quarter. Royce & Associates LP now owns 802,101 shares of the company’s stock worth $11,229,000 after purchasing an additional 44,720 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings 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 in the last quarter. 71.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GDYN shares. TD Cowen boosted their price target on Grid Dynamics from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Needham & Company LLC lifted their price objective on Grid Dynamics from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on Grid Dynamics from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Citigroup lifted their price objective on Grid Dynamics from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $18.33.

Grid Dynamics Stock Performance

NASDAQ GDYN opened at $22.52 on Monday. The company has a market cap of $1.86 billion, a P/E ratio of 750.92 and a beta of 1.01. The business’s 50 day moving average price is $21.43 and its 200-day moving average price is $17.39. Grid Dynamics Holdings, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $24.60.

Insider Activity

In other news, CFO Anil Doradla sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $24.09, for a total transaction of $48,180.00. Following the transaction, the chief financial officer now owns 341,012 shares of the company’s stock, valued at approximately $8,214,979.08. The trade was a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 8,000 shares of company stock valued at $171,780. 7.20% of the stock is currently owned by insiders.

Grid Dynamics Company 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.