Swiss National Bank Has $2.68 Million Holdings in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Swiss National Bank grew its stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,600 shares of the company’s stock after acquiring an additional 8,700 shares during the period. Swiss National Bank owned 0.15% of Grid Dynamics worth $2,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of GDYN. Global Retirement Partners LLC acquired a new position in Grid Dynamics during the 4th quarter worth $27,000. MCF Advisors LLC lifted its stake in shares of Grid Dynamics by 65.8% during the fourth quarter. MCF Advisors LLC now owns 1,864 shares of the company’s stock valued at $41,000 after acquiring an additional 740 shares during the period. FMR LLC increased its position 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 purchasing an additional 801 shares during the period. Quarry LP increased its position in Grid Dynamics by 131.5% in the third quarter. Quarry LP now owns 5,236 shares of the company’s stock worth $73,000 after purchasing an additional 2,974 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Grid Dynamics during the 3rd quarter worth about $122,000. 71.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC lifted their price target on shares of Grid Dynamics from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Grid Dynamics presently has a consensus rating of “Buy” and a consensus price target of $19.60.

Grid Dynamics Trading Down 2.2 %

Shares of GDYN opened at $16.29 on Friday. The stock has a market cap of $1.37 billion, a P/E ratio of 407.25 and a beta of 1.10. The stock’s 50-day moving average price is $20.05 and its two-hundred day moving average price is $18.31. Grid Dynamics Holdings, Inc. has a 1 year low of $9.07 and a 1 year high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last issued 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 firm had revenue of $100.28 million during the quarter, compared to the consensus estimate 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 forecast that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Activity at Grid Dynamics

In other news, CFO Anil Doradla sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $18.10, for a total value of $36,200.00. Following the completion of the transaction, the chief financial officer now owns 366,818 shares in the company, valued at $6,639,405.80. This represents a 0.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Yury Gryzlov sold 10,306 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $18.66, for a total transaction of $192,309.96. Following the sale, the chief operating officer now owns 482,759 shares in the company, valued at approximately $9,008,282.94. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,306 shares of company stock worth $376,590 in the last quarter. Corporate insiders own 7.20% of the company’s stock.

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.