WINTON GROUP Ltd Acquires Shares of 176,251 Grid Dynamics Holdings, Inc. $GDYN

WINTON GROUP Ltd bought a new position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the fourth quarter, HoldingsChannel.com reports. The fund bought 176,251 shares of the company’s stock, valued at approximately $1,592,000.

Other large investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. grew its holdings in shares of Grid Dynamics by 175.5% in the fourth quarter. Hantz Financial Services Inc. now owns 3,229 shares of the company’s stock worth $29,000 after purchasing an additional 2,057 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Grid Dynamics in the 3rd quarter valued at about $31,000. GAMMA Investing LLC grew its stake in Grid Dynamics by 273.2% in the 4th quarter. GAMMA Investing LLC now owns 3,598 shares of the company’s stock worth $32,000 after acquiring an additional 2,634 shares in the last quarter. Quarry LP increased its position in shares of Grid Dynamics by 57.1% during the third quarter. Quarry LP now owns 4,835 shares of the company’s stock worth $37,000 after acquiring an additional 1,757 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Grid Dynamics during the second quarter worth approximately $43,000. 71.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. TD Cowen reduced their price objective on Grid Dynamics from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Zacks Research raised Grid Dynamics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Jefferies Financial Group cut Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 target price for the company. in a report on Friday, May 29th. Finally, Needham & Company LLC dropped their price target on Grid Dynamics from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $9.40.

Grid Dynamics Price Performance

Shares of GDYN stock opened at $6.47 on Tuesday. Grid Dynamics Holdings, Inc. has a 1-year low of $5.13 and a 1-year high of $12.86. The stock’s 50-day moving average is $6.29 and its 200 day moving average is $7.44. The company has a market cap of $541.09 million, a P/E ratio of 129.43 and a beta of 0.94.

Grid Dynamics (NASDAQ:GDYN) last announced its earnings results on Thursday, April 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $104.10 million during the quarter, compared to the consensus estimate of $103.32 million. Grid Dynamics had a net margin of 1.27% and a return on equity of 1.20%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. On average, analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.1 EPS for the current year.

Insider Activity

In related news, COO Yury Gryzlov sold 4,435 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $8.00, for a total transaction of $35,480.00. Following the completion of the transaction, the chief operating officer owned 514,948 shares in the company, valued at $4,119,584. The trade was a 0.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 6,147 shares of company stock valued at $45,389. 6.50% of the stock is owned by insiders.

About Grid Dynamics

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.