Grid Dynamics Holdings, Inc. $GDYN Shares Purchased by Fourth Sail Capital LP

Fourth Sail Capital LP grew its position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 36.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,827,968 shares of the company’s stock after acquiring an additional 1,016,563 shares during the quarter. Grid Dynamics comprises approximately 5.5% of Fourth Sail Capital LP’s portfolio, making the stock its 4th biggest position. Fourth Sail Capital LP’s holdings in Grid Dynamics were worth $34,567,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Alyeska Investment Group L.P. lifted its holdings in shares of Grid Dynamics by 236.9% during the third quarter. Alyeska Investment Group L.P. now owns 4,290,786 shares of the company’s stock worth $33,082,000 after purchasing an additional 3,017,017 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Grid Dynamics during the third quarter worth $8,854,000. Alliancebernstein L.P. lifted its holdings in shares of Grid Dynamics by 123.9% during the second quarter. Alliancebernstein L.P. now owns 1,896,409 shares of the company’s stock worth $21,904,000 after purchasing an additional 1,049,519 shares during the period. CenterBook Partners LP lifted its holdings in shares of 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 purchasing an additional 786,384 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Grid Dynamics by 611.2% during the third quarter. Ameriprise Financial Inc. now owns 851,848 shares of the company’s stock worth $6,568,000 after purchasing an additional 732,065 shares during the period. 71.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GDYN shares. Citigroup reaffirmed a “cautious” rating on shares of Grid Dynamics in a report on Friday, May 29th. Zacks Research raised Grid Dynamics from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings downgraded Grid Dynamics from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. lowered their price target on shares of Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Finally, Needham & Company LLC lowered their price target on shares of Grid Dynamics from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.40.

Insider Activity

In other news, COO Yury Gryzlov sold 4,435 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $8.00, for a total transaction of $35,480.00. Following the completion of the sale, the chief operating officer owned 514,948 shares in the company, valued at approximately $4,119,584. The trade was a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 6,147 shares of company stock worth $45,389. 6.50% of the stock is currently owned by insiders.

Grid Dynamics Price Performance

GDYN opened at $6.32 on Friday. The stock has a market capitalization of $528.54 million, a price-to-earnings ratio of 126.43 and a beta of 0.94. The business has a 50-day moving average of $6.33 and a two-hundred day moving average of $7.38. Grid Dynamics Holdings, Inc. has a 12 month low of $5.13 and a 12 month high of $12.86.

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

Grid Dynamics Company Profile

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.