P.A.W. Capital Corp Makes New Investment in Grid Dynamics Holdings, Inc. $GDYN

P.A.W. Capital Corp purchased a new position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the company’s stock, valued at approximately $903,000. Grid Dynamics comprises approximately 2.0% of P.A.W. Capital Corp’s holdings, making the stock its 15th largest position. P.A.W. Capital Corp owned 0.12% of Grid Dynamics at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Grid Dynamics by 271.1% in the third quarter. JPMorgan Chase & Co. now owns 513,677 shares of the company’s stock worth $3,960,000 after buying an additional 375,254 shares during the last quarter. CenterBook Partners LP raised its holdings in shares of Grid Dynamics by 255.1% in the third quarter. CenterBook Partners LP now owns 1,094,701 shares of the company’s stock worth $8,440,000 after buying an additional 786,384 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Grid Dynamics by 1,435.4% in the third quarter. Quantbot Technologies LP now owns 106,005 shares of the company’s stock worth $817,000 after buying an additional 99,101 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Grid Dynamics by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 5,920,753 shares of the company’s stock worth $53,464,000 after buying an additional 279,995 shares during the last quarter. Finally, Bastion Asset Management Inc. purchased a new position in shares of Grid Dynamics in the third quarter worth $816,000. Hedge funds and other institutional investors own 71.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GDYN. Zacks Research raised shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. TD Cowen reduced their target price on shares of Grid Dynamics from $11.00 to $10.00 and set a “buy” rating for the company in a report on Friday, May 1st. JPMorgan Chase & Co. reduced their target price on shares of Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Needham & Company LLC reduced their target price on shares of Grid Dynamics from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Northland Securities reduced their target price on shares of Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Monday, March 9th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Grid Dynamics currently has an average rating of “Hold” and a consensus target price of $9.40.

Grid Dynamics Price Performance

Shares of Grid Dynamics stock opened at $7.20 on Monday. The firm has a fifty day moving average price of $6.14 and a 200 day moving average price of $7.49. Grid Dynamics Holdings, Inc. has a 1 year low of $5.13 and a 1 year high of $12.90. The stock has a market cap of $602.14 million, a PE ratio of 144.03 and a beta of 0.94.

Grid Dynamics (NASDAQ:GDYN) last issued its earnings results on Thursday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $104.10 million during the quarter, compared to analysts’ expectations of $103.32 million. Grid Dynamics had a net margin of 1.27% and a return on equity of 1.20%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 earnings per share. As a group, equities analysts expect that Grid Dynamics Holdings, Inc. will post 0.1 EPS 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.