P.A.W. Capital Corp Purchases New Shares in Grid Dynamics Holdings, Inc. $GDYN

P.A.W. Capital Corp purchased a new stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the 4th quarter, HoldingsChannel reports. The firm purchased 100,000 shares of the company’s stock, valued at approximately $903,000. Grid Dynamics makes up 2.0% of P.A.W. Capital Corp’s portfolio, making the stock its 15th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its position in Grid Dynamics by 3.6% during the third quarter. Thrivent Financial for Lutherans now owns 47,645 shares of the company’s stock valued at $367,000 after buying an additional 1,640 shares during the period. PNC Financial Services Group Inc. grew its position in Grid Dynamics by 50.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,193 shares of the company’s stock valued at $47,000 after buying an additional 1,742 shares during the period. Quarry LP grew its position in Grid Dynamics by 57.1% during the third quarter. Quarry LP now owns 4,835 shares of the company’s stock valued at $37,000 after buying an additional 1,757 shares during the period. Trust Point Inc. grew its position in Grid Dynamics by 13.6% during the fourth quarter. Trust Point Inc. now owns 14,947 shares of the company’s stock valued at $135,000 after buying an additional 1,785 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in Grid Dynamics by 8.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 24,494 shares of the company’s stock valued at $221,000 after buying an additional 1,821 shares during the period. Institutional investors and hedge funds own 71.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GDYN. Northland Securities dropped their price target on shares of Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Monday, March 9th. Weiss Ratings lowered shares of Grid Dynamics from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. TD Cowen dropped their target price on shares of Grid Dynamics from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Citigroup reiterated a “cautious” rating on shares of Grid Dynamics in a research report on Friday. Finally, Needham & Company LLC dropped their target price on shares of 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 investment 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.40.

Grid Dynamics Price Performance

Shares of NASDAQ GDYN opened at $7.20 on Monday. The company’s 50-day simple moving average is $6.14 and its 200-day simple moving average is $7.49. Grid Dynamics Holdings, Inc. has a 52-week low of $5.13 and a 52-week 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 0.94.

Grid Dynamics (NASDAQ:GDYN) last announced its earnings results on Thursday, April 30th. The company reported $0.09 earnings per share (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 for the quarter, compared to analyst estimates of $103.32 million. During the same quarter last year, the business earned $0.11 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.1 EPS for the current fiscal year.

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.