Axiom Investors LLC DE Purchases New Position in Grid Dynamics Holdings, Inc. $GDYN

Axiom Investors LLC DE purchased a new stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 247,685 shares of the company’s stock, valued at approximately $3,876,000. Axiom Investors LLC DE owned 0.30% of Grid Dynamics at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. State of Wyoming increased its holdings in Grid Dynamics by 4.1% during the 4th quarter. State of Wyoming now owns 26,495 shares of the company’s stock valued at $589,000 after purchasing an additional 1,046 shares during the period. Coppell Advisory Solutions LLC bought a new stake in Grid Dynamics during the 4th quarter valued at approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Grid Dynamics by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,474 shares of the company’s stock valued at $722,000 after acquiring an additional 1,106 shares in the last quarter. Arizona State Retirement System boosted its position in Grid Dynamics by 7.4% during the 1st quarter. Arizona State Retirement System now owns 19,109 shares of the company’s stock valued at $299,000 after acquiring an additional 1,324 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Grid Dynamics by 199.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company’s stock valued at $36,000 after acquiring an additional 1,526 shares in the last quarter. Hedge funds and other institutional investors own 71.18% of the company’s stock.

Grid Dynamics Stock Up 1.1%

Shares of GDYN opened at $8.10 on Friday. The business’s 50 day moving average price is $10.14 and its 200-day moving average price is $13.80. Grid Dynamics Holdings, Inc. has a 52 week low of $7.46 and a 52 week high of $25.50. The stock has a market cap of $685.83 million, a P/E ratio of 42.63 and a beta of 1.06.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Grid Dynamics had a return on equity of 1.89% and a net margin of 4.37%.The firm had revenue of $101.10 million for the quarter, compared to analysts’ expectations of $100.45 million. During the same period in the previous year, the firm posted $0.08 EPS. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. Grid Dynamics has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wall Street Zen cut Grid Dynamics from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Needham & Company LLC cut their price objective on Grid Dynamics from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. cut their price objective on Grid Dynamics from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Grid Dynamics presently has a consensus rating of “Buy” and an average target price of $15.75.

About Grid Dynamics

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.