S Squared Technology LLC Raises Stock Holdings in Grid Dynamics Holdings, Inc. $GDYN

S Squared Technology LLC boosted its holdings in Grid Dynamics Holdings, Inc. (NASDAQ:GDYNFree Report) by 109.3% in the fourth quarter, HoldingsChannel reports. The firm owned 636,737 shares of the company’s stock after purchasing an additional 332,499 shares during the period. Grid Dynamics comprises about 2.2% of S Squared Technology LLC’s portfolio, making the stock its 18th largest holding. S Squared Technology LLC’s holdings in Grid Dynamics were worth $5,750,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in Grid Dynamics by 175.5% during the 4th quarter. Hantz Financial Services Inc. now owns 3,229 shares of the company’s stock worth $29,000 after buying an additional 2,057 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Grid Dynamics by 273.2% during the 4th quarter. GAMMA Investing LLC now owns 3,598 shares of the company’s stock worth $32,000 after buying an additional 2,634 shares during the last quarter. Quarry LP lifted its holdings in Grid Dynamics by 57.1% during the 3rd quarter. Quarry LP now owns 4,835 shares of the company’s stock worth $37,000 after buying an additional 1,757 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Grid Dynamics during the 2nd quarter worth approximately $43,000. Finally, PNC Financial Services Group Inc. lifted its holdings in Grid Dynamics by 50.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,193 shares of the company’s stock worth $47,000 after buying an additional 1,742 shares during the last quarter. Institutional investors own 71.18% of the company’s stock.

Insider Activity

In other news, COO Yury Gryzlov sold 4,435 shares of Grid Dynamics stock in a transaction on Monday, June 1st. The stock was sold at an average price of $8.00, for a total transaction of $35,480.00. Following the transaction, the chief operating officer directly owned 514,948 shares in the company, valued at approximately $4,119,584. This trade represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 6,147 shares of company stock worth $45,389. 6.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GDYN has been the topic of a number of research analyst reports. Zacks Research raised Grid Dynamics from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Northland Securities reduced their target price on Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, March 9th. Jefferies Financial Group downgraded Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a report on Friday, May 29th. JPMorgan Chase & Co. cut their price target on Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Finally, TD Cowen cut their price target on Grid Dynamics from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.40.

Read Our Latest Analysis on Grid Dynamics

Grid Dynamics Price Performance

GDYN opened at $6.32 on Monday. Grid Dynamics Holdings, Inc. has a 12 month low of $5.13 and a 12 month high of $12.86. The stock has a market cap of $528.54 million, a P/E ratio of 126.43 and a beta of 0.94. The stock’s 50 day moving average price is $6.33 and its 200 day moving average price is $7.38.

Grid Dynamics (NASDAQ:GDYNGet Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Grid Dynamics had a return on equity of 1.20% and a net margin of 1.27%.The firm had revenue of $104.10 million for the quarter, compared to analysts’ expectations of $103.32 million. During the same period last year, the firm earned $0.11 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Equities analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.1 EPS for the current year.

Grid Dynamics Profile

(Free Report)

Grid Dynamics (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises accelerate their digital transformation initiatives. The company specializes in designing and implementing scalable, cloud-native solutions that leverage advanced analytics, machine learning and artificial intelligence to optimize operations, enhance customer experiences and drive revenue growth. Its technology expertise spans e-commerce platforms, modern data architectures, DevOps and automation, as well as custom application development across a range of industries including retail, financial services, high tech and automotive.

Key service offerings include cloud migration and modernization, data engineering and analytics, AI/ML-driven insights, digital commerce and omnichannel solutions.

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Institutional Ownership by Quarter for Grid Dynamics (NASDAQ:GDYN)

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