EAM Global Investors LLC Buys Shares of 230,324 Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

EAM Global Investors LLC bought a new position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 230,324 shares of the company's stock, valued at approximately $5,122,000. EAM Global Investors LLC owned about 0.28% of Grid Dynamics as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GDYN. Global Retirement Partners LLC bought a new position in Grid Dynamics in the fourth quarter valued at about $27,000. FMR LLC raised its stake in Grid Dynamics by 38.7% during the 3rd quarter. FMR LLC now owns 2,873 shares of the company's stock worth $40,000 after acquiring an additional 801 shares during the period. MCF Advisors LLC increased its stake in shares of Grid Dynamics by 65.8% in the fourth quarter. MCF Advisors LLC now owns 1,864 shares of the company's stock worth $41,000 after purchasing an additional 740 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Grid Dynamics by 68.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 3,157 shares of the company's stock valued at $71,000 after buying an additional 1,282 shares in the last quarter. Finally, Atria Investments Inc purchased a new position in shares of Grid Dynamics in the fourth quarter valued at about $208,000. 71.18% of the stock is owned by institutional investors.

Grid Dynamics Trading Down 2.6 %

NASDAQ GDYN traded down $0.34 on Monday, hitting $12.72. 142,548 shares of the company's stock traded hands, compared to its average volume of 773,452. Grid Dynamics Holdings, Inc. has a 1-year low of $9.07 and a 1-year high of $25.50. The firm has a market capitalization of $1.07 billion, a PE ratio of 318.00 and a beta of 0.99. The firm's 50-day moving average price is $17.10 and its two-hundred day moving average price is $18.37.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.06). The firm had revenue of $100.28 million for the quarter, compared to analysts' expectations of $96.00 million. Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%. On average, research analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Anil Doradla sold 2,000 shares of Grid Dynamics stock in a transaction on Friday, February 7th. The stock was sold at an average price of $24.09, for a total value of $48,180.00. Following the transaction, the chief financial officer now owns 341,012 shares in the company, valued at approximately $8,214,979.08. This trade represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Yury Gryzlov sold 10,306 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $18.66, for a total transaction of $192,309.96. Following the completion of the transaction, the chief operating officer now owns 482,759 shares in the company, valued at $9,008,282.94. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,043 shares of company stock worth $349,078. 7.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC raised their price target on Grid Dynamics from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $19.60.

Grid Dynamics 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.