661,131 Shares in Grid Dynamics Holdings, Inc. $GDYN Purchased by Royce & Associates LP

Royce & Associates LP acquired a new position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 661,131 shares of the company’s stock, valued at approximately $5,970,000. Royce & Associates LP owned about 0.78% of Grid Dynamics at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Grid Dynamics by 271.1% during the third quarter. JPMorgan Chase & Co. now owns 513,677 shares of the company’s stock worth $3,960,000 after buying an additional 375,254 shares during the period. CenterBook Partners LP boosted its stake in Grid Dynamics by 255.1% during the third quarter. CenterBook Partners LP now owns 1,094,701 shares of the company’s stock worth $8,440,000 after buying an additional 786,384 shares during the period. Quantbot Technologies LP boosted its stake in Grid Dynamics by 1,435.4% during the third quarter. Quantbot Technologies LP now owns 106,005 shares of the company’s stock worth $817,000 after buying an additional 99,101 shares during the period. Vanguard Group Inc. boosted its stake in Grid Dynamics by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 5,920,753 shares of the company’s stock worth $53,464,000 after buying an additional 279,995 shares during the period. Finally, Bastion Asset Management Inc. purchased a new position in Grid Dynamics during the third quarter worth about $816,000. Hedge funds and other institutional investors own 71.18% of the company’s stock.

Grid Dynamics Stock Performance

NASDAQ GDYN opened at $7.20 on Friday. The firm has a 50 day simple moving average of $6.14 and a 200-day simple moving average of $7.50. Grid Dynamics Holdings, Inc. has a one year low of $5.13 and a one year high of $12.90. The firm has a market cap of $602.14 million, a price-to-earnings ratio of 144.03 and a beta of 0.86.

Grid Dynamics (NASDAQ:GDYN) last posted its quarterly earnings data 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 net margin of 1.27% and a return on equity of 1.20%. The business had revenue of $104.10 million during the quarter, compared to analyst estimates of $103.32 million. During the same quarter last year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts predict that Grid Dynamics Holdings, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GDYN shares. Jefferies Financial Group lowered shares of Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 target price for the company. in a research note on Friday. JPMorgan Chase & Co. lowered their target price on shares of Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Northland Securities lowered their target price on shares of Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Monday, March 9th. Needham & Company LLC lowered their target price on shares of Grid Dynamics from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Zacks Research raised shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grid Dynamics currently has an average rating of “Hold” and an average target price of $9.40.

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.