EAM Investors LLC Buys Shares of 177,132 Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

EAM Investors LLC acquired a new stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 177,132 shares of the company's stock, valued at approximately $3,939,000. EAM Investors LLC owned about 0.21% of Grid Dynamics as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MCF Advisors LLC lifted its holdings in shares of Grid Dynamics by 65.8% during 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 during the period. FMR LLC boosted its holdings in shares of Grid Dynamics by 38.7% in the third quarter. FMR LLC now owns 2,873 shares of the company's stock valued at $40,000 after acquiring an additional 801 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Grid Dynamics by 10.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,903 shares of the company's stock worth $242,000 after acquiring an additional 1,036 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Grid Dynamics during the fourth quarter worth about $27,000. Finally, Arizona State Retirement System lifted its position in Grid Dynamics by 7.6% in the fourth quarter. Arizona State Retirement System now owns 17,785 shares of the company's stock valued at $396,000 after purchasing an additional 1,260 shares during the period. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Grid Dynamics Trading Down 3.1 %

NASDAQ:GDYN traded down $0.40 during mid-day trading on Monday, hitting $12.66. The company had a trading volume of 135,164 shares, compared to its average volume of 604,877. Grid Dynamics Holdings, Inc. has a 1 year low of $9.07 and a 1 year high of $25.50. The business has a fifty day simple moving average of $17.10 and a 200-day simple moving average of $18.37. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 316.50 and a beta of 0.99.

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

Analysts Set New Price Targets

Separately, Needham & Company LLC increased their price objective 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 investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $19.60.

Insider Buying and Selling at Grid Dynamics

In other news, COO Yury Gryzlov sold 10,306 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $18.66, for a total transaction of $192,309.96. Following the completion of the sale, the chief operating officer now directly owns 482,759 shares of the company's stock, valued at $9,008,282.94. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Anil Doradla sold 2,000 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $24.09, for a total transaction of $48,180.00. Following the sale, the chief financial officer now directly owns 341,012 shares of the company's stock, valued at $8,214,979.08. This represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,043 shares of company stock valued at $349,078. Company insiders own 7.20% of the company's stock.

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.