Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Stock Holdings Decreased by Deutsche Bank AG

Deutsche Bank AG reduced its position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 8.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 409,087 shares of the company’s stock after selling 39,946 shares during the quarter. Deutsche Bank AG’s holdings in Grid Dynamics were worth $9,098,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GDYN. Coppell Advisory Solutions LLC acquired a new stake in shares of Grid Dynamics in the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new stake in shares of Grid Dynamics in the fourth quarter worth $27,000. MCF Advisors LLC boosted its position in shares of Grid Dynamics by 65.8% in the fourth quarter. MCF Advisors LLC now owns 1,864 shares of the company’s stock worth $41,000 after buying an additional 740 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Grid Dynamics in the fourth quarter worth $70,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of 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 buying an additional 1,282 shares during the period. 71.18% of the stock is owned by institutional investors and hedge funds.

Grid Dynamics Price Performance

Shares of GDYN stock opened at $13.97 on Friday. Grid Dynamics Holdings, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $25.50. The stock’s 50-day moving average is $14.65 and its two-hundred day moving average is $18.15. The firm has a market cap of $1.17 billion, a P/E ratio of 349.25 and a beta of 1.13.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.33%. The business had revenue of $100.42 million during the quarter, compared to analyst estimates of $98.19 million. During the same quarter in the previous year, the business earned $0.10 EPS. Grid Dynamics’s quarterly revenue was up 25.8% compared to the same quarter last year. As a group, research analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at Grid Dynamics

In related news, COO Yury Gryzlov sold 10,306 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $18.66, for a total transaction of $192,309.96. Following the completion of the sale, the chief operating officer now owns 482,759 shares in the company, valued at $9,008,282.94. This represents a 2.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Anil Doradla sold 2,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $18.10, for a total value of $36,200.00. Following the sale, the chief financial officer now owns 366,818 shares of the company’s stock, valued at approximately $6,639,405.80. The trade was a 0.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,043 shares of company stock worth $327,338 over the last 90 days. Insiders own 7.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC raised their price target on shares of Grid Dynamics from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $17.60.

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.