Linden Thomas Advisory Services LLC Sells 1,206 Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Linden Thomas Advisory Services LLC decreased its stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 103,128 shares of the company’s stock after selling 1,206 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Grid Dynamics were worth $1,375,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Grid Dynamics in the fourth quarter valued at about $26,000. SG Americas Securities LLC bought a new stake in Grid Dynamics in the third quarter valued at about $142,000. American Trust increased its stake in Grid Dynamics by 10.1% in the third quarter. American Trust now owns 12,963 shares of the company’s stock valued at $158,000 after acquiring an additional 1,186 shares during the period. Johnson Investment Counsel Inc. bought a new stake in Grid Dynamics in the third quarter valued at about $166,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Grid Dynamics by 147.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,246 shares of the company’s stock valued at $203,000 after acquiring an additional 9,081 shares during the period. Institutional investors own 71.18% of the company’s stock.

Grid Dynamics Price Performance

Shares of GDYN stock traded down $0.17 during trading hours on Wednesday, reaching $10.25. 97,163 shares of the company were exchanged, compared to its average volume of 300,336. Grid Dynamics Holdings, Inc. has a fifty-two week low of $8.00 and a fifty-two week high of $14.70. The stock’s fifty day moving average is $12.36 and its two-hundred day moving average is $12.48.

Grid Dynamics (NASDAQ:GDYN) last announced its earnings results on Thursday, February 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Grid Dynamics had a positive return on equity of 6.77% and a negative net margin of 0.56%. The company had revenue of $78.07 million for the quarter, compared to analyst estimates of $76.64 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. Grid Dynamics’s revenue for the quarter was down 3.1% on a year-over-year basis. Sell-side analysts forecast that Grid Dynamics Holdings, Inc. will post 0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GDYN. JPMorgan Chase & Co. upped their target price on shares of Grid Dynamics from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Cantor Fitzgerald upped their price objective on shares of Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Finally, Citigroup decreased their price objective on shares of Grid Dynamics from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $15.75.

Insider Activity at Grid Dynamics

In related news, CEO Leonard Livschitz sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $13.08, for a total value of $196,200.00. Following the completion of the transaction, the chief executive officer now directly owns 3,513,456 shares of the company’s stock, valued at approximately $45,956,004.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Leonard Livschitz sold 15,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $13.08, for a total value of $196,200.00. Following the completion of the transaction, the chief executive officer now directly owns 3,513,456 shares of the company’s stock, valued at approximately $45,956,004.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Anil Doradla sold 4,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $13.26, for a total transaction of $53,040.00. Following the completion of the transaction, the chief financial officer now directly owns 395,568 shares of the company’s stock, valued at $5,245,231.68. The disclosure for this sale can be found here. Insiders have sold 90,884 shares of company stock worth $1,159,755 over the last ninety days. Company insiders own 7.40% of the company’s stock.

Grid Dynamics Company Profile

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.