Atria Investments Inc Acquires Shares of 9,372 Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Atria Investments Inc bought a new position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,372 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently made changes to their positions in the company. Cornerstone Investment Partners LLC purchased a new stake in Grid Dynamics during the 4th quarter valued at $252,000. Charles Schwab Investment Management Inc. boosted its position in shares of Grid Dynamics by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 505,596 shares of the company’s stock valued at $11,244,000 after buying an additional 41,390 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in Grid Dynamics by 89.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 347,944 shares of the company’s stock worth $7,738,000 after buying an additional 164,206 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Grid Dynamics in the 4th quarter worth about $796,000. Finally, Oregon Public Employees Retirement Fund bought a new position in Grid Dynamics during the 4th quarter valued at about $322,000. Hedge funds and other institutional investors own 71.18% of the company’s stock.

Insider Buying and Selling

In other Grid Dynamics news, COO Yury Gryzlov sold 2,000 shares of the company’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 transaction, the chief operating officer now directly owns 480,759 shares in the company, valued at $8,062,328.43. This represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Anil Doradla sold 3,000 shares of Grid Dynamics 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 sale, the chief financial officer now owns 343,012 shares in the company, valued at approximately $7,587,425.44. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,306 shares of company stock worth $376,590. 7.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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 report on Friday, February 21st. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $19.60.

Grid Dynamics Trading Down 4.0 %

Shares of GDYN stock opened at $16.60 on Wednesday. Grid Dynamics Holdings, Inc. has a 12 month low of $9.07 and a 12 month high of $25.50. The stock has a market cap of $1.39 billion, a P/E ratio of 415.00 and a beta of 1.10. The company has a 50 day simple moving average of $20.64 and a two-hundred day simple moving average of $18.24.

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

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.