Blair William & Co. IL Has $17.35 Million Stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Blair William & Co. IL cut its position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 780,202 shares of the company’s stock after selling 22,235 shares during the quarter. Blair William & Co. IL owned about 0.95% of Grid Dynamics worth $17,352,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in Grid Dynamics during the 4th quarter worth about $27,000. MCF Advisors LLC grew its stake in Grid Dynamics by 65.8% during the fourth quarter. MCF Advisors LLC now owns 1,864 shares of the company’s stock worth $41,000 after purchasing an additional 740 shares during the period. FMR LLC grew its stake in Grid Dynamics by 38.7% during 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. Skandinaviska Enskilda Banken AB publ increased its holdings in Grid Dynamics by 68.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 3,157 shares of the company’s stock worth $71,000 after purchasing an additional 1,282 shares in the last quarter. Finally, Quarry LP lifted its stake in Grid Dynamics by 131.5% in the third quarter. Quarry LP now owns 5,236 shares of the company’s stock valued at $73,000 after buying an additional 2,974 shares during the period. Institutional investors own 71.18% of the company’s stock.

Insider Transactions at Grid Dynamics

In other Grid Dynamics news, CFO Anil Doradla sold 3,000 shares of Grid Dynamics stock in a transaction 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 transaction, the chief financial officer now directly owns 343,012 shares of the company’s stock, valued at $7,587,425.44. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Yury Gryzlov sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $16.77, for a total transaction of $33,540.00. Following the completion of the sale, the chief operating officer now owns 480,759 shares of the company’s stock, valued at approximately $8,062,328.43. The trade was a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,306 shares of company stock valued at $376,590 over the last three months. Corporate insiders own 7.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Grid Dynamics Stock Performance

GDYN stock opened at $15.81 on Friday. The stock’s 50 day simple moving average is $19.95 and its 200 day simple moving average is $18.32. The company has a market cap of $1.33 billion, a P/E ratio of 395.25 and a beta of 1.10. Grid Dynamics Holdings, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $25.50.

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

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.