285,000 Shares in Grid Dynamics Holdings, Inc. $GDYN Acquired by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. acquired 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 SEC. The firm acquired 285,000 shares of the company’s stock, valued at approximately $2,574,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Grid Dynamics by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 5,920,753 shares of the company’s stock worth $53,464,000 after purchasing an additional 279,995 shares during the period. Wasatch Advisors LP boosted its stake in Grid Dynamics by 2.5% in the 2nd quarter. Wasatch Advisors LP now owns 4,669,558 shares of the company’s stock worth $53,933,000 after purchasing an additional 112,319 shares during the period. Alyeska Investment Group L.P. boosted its stake in Grid Dynamics by 236.9% in the 3rd 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. Dimensional Fund Advisors LP boosted its stake in Grid Dynamics by 5.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,985,557 shares of the company’s stock worth $15,309,000 after purchasing an additional 105,950 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in Grid Dynamics by 123.9% in the 2nd 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. Institutional investors and hedge funds own 71.18% of the company’s stock.

Wall Street Analysts Forecast Growth

GDYN has been the subject of a number of recent analyst reports. TD Cowen decreased their price objective on shares of Grid Dynamics from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Northland Securities decreased their price objective on shares of Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Monday, March 9th. Weiss Ratings lowered shares of Grid Dynamics from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Needham & Company LLC decreased their target price on shares of Grid Dynamics from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Jefferies Financial Group lowered shares of Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 target price for the company. in a research note on Friday, May 29th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grid Dynamics presently has a consensus rating of “Hold” and an average price target of $9.40.

Grid Dynamics Stock Up 4.9%

Shares of NASDAQ:GDYN opened at $6.43 on Friday. The firm has a fifty day moving average of $6.32 and a two-hundred day moving average of $7.39. The firm has a market capitalization of $537.74 million, a P/E ratio of 128.63 and a beta of 0.94. 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 released its quarterly earnings results 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. The business had revenue of $104.10 million for the quarter, compared to the consensus estimate of $103.32 million. Grid Dynamics had a net margin of 1.27% and a return on equity of 1.20%. Grid Dynamics’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Equities research analysts expect that Grid Dynamics Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Grid Dynamics

In other news, COO Yury Gryzlov sold 4,435 shares of the firm’s stock in a transaction on 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 owned 514,948 shares in the company, valued at approximately $4,119,584. This trade represents a 0.85% decrease in their position. The transaction 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 quarter, insiders have sold 6,147 shares of company stock worth $45,389. 6.50% of the stock is currently owned by company insiders.

Grid Dynamics 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.