WINTON GROUP Ltd Acquires Shares of 176,251 Grid Dynamics Holdings, Inc. $GDYN

WINTON GROUP Ltd acquired a new stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 176,251 shares of the company’s stock, valued at approximately $1,592,000. WINTON GROUP Ltd owned about 0.21% of Grid Dynamics at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GDYN. Hantz Financial Services Inc. grew its stake in Grid Dynamics by 175.5% during the fourth quarter. Hantz Financial Services Inc. now owns 3,229 shares of the company’s stock valued at $29,000 after acquiring an additional 2,057 shares in the last quarter. GAMMA Investing LLC lifted its stake in Grid Dynamics by 273.2% in the 4th quarter. GAMMA Investing LLC now owns 3,598 shares of the company’s stock worth $32,000 after purchasing an additional 2,634 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Grid Dynamics in the 2nd quarter worth $43,000. SBI Securities Co. Ltd. bought a new position in shares of Grid Dynamics during the 3rd quarter valued at about $31,000. Finally, Quarry LP grew its position in shares of Grid Dynamics by 57.1% during the third quarter. Quarry LP now owns 4,835 shares of the company’s stock valued at $37,000 after purchasing an additional 1,757 shares in the last quarter. Hedge funds and other institutional investors own 71.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on GDYN. JPMorgan Chase & Co. decreased their target price on Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Needham & Company LLC reduced their price objective on Grid Dynamics from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Northland Securities decreased their price objective on Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, March 9th. Weiss Ratings downgraded Grid Dynamics from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Finally, TD Cowen cut 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. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.40.

Insider Buying and Selling

In related news, COO Yury Gryzlov sold 4,435 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $8.00, for a total transaction of $35,480.00. Following the transaction, the chief operating officer directly owned 514,948 shares in the company, valued at approximately $4,119,584. This represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 6,147 shares of company stock worth $45,389. Corporate insiders own 6.50% of the company’s stock.

Grid Dynamics Stock Performance

NASDAQ:GDYN opened at $6.47 on Tuesday. The firm has a market capitalization of $541.09 million, a PE ratio of 129.43 and a beta of 0.94. The stock’s fifty day moving average is $6.29 and its 200 day moving average is $7.44. Grid Dynamics Holdings, Inc. has a fifty-two week low of $5.13 and a fifty-two week high of $12.86.

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

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.