Brokerages Set Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) PT at $11.00

Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) have been given an average rating of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $11.00.

A number of research firms have recently weighed in on GDYN. JPMorgan Chase & Co. reduced their target price on shares of Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grid Dynamics in a research report on Wednesday, December 24th. Finally, Needham & Company LLC decreased their price objective on Grid Dynamics from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, October 31st.

Insiders Place Their Bets

In related news, CFO Anil Doradla sold 4,368 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $10.00, for a total value of $43,680.00. Following the completion of the sale, the chief financial officer directly owned 344,852 shares in the company, valued at $3,448,520. This trade represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Grid Dynamics

Institutional investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Grid Dynamics by 8.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,063 shares of the company’s stock worth $186,000 after purchasing an additional 1,302 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of 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 last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Grid Dynamics by 50.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,193 shares of the company’s stock worth $47,000 after buying an additional 1,742 shares during the period. Quarry LP lifted its stake in shares of Grid Dynamics by 57.1% during the 3rd quarter. Quarry LP now owns 4,835 shares of the company’s stock worth $37,000 after acquiring an additional 1,757 shares during the last quarter. Finally, Trust Point Inc. boosted its holdings in Grid Dynamics by 13.6% during the 4th quarter. Trust Point Inc. now owns 14,947 shares of the company’s stock valued at $135,000 after acquiring an additional 1,785 shares during the period. Institutional investors own 71.18% of the company’s stock.

Grid Dynamics Stock Performance

GDYN stock opened at $6.46 on Thursday. The firm has a fifty day moving average price of $8.31 and a 200 day moving average price of $8.30. Grid Dynamics has a fifty-two week low of $6.11 and a fifty-two week high of $20.72. The firm has a market cap of $547.61 million, a PE ratio of 43.07 and a beta of 0.82.

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.