Jackson Creek Investment Advisors LLC Purchases New Position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Jackson Creek Investment Advisors LLC acquired a new position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 91,190 shares of the company's stock, valued at approximately $2,028,000. Grid Dynamics comprises about 0.6% of Jackson Creek Investment Advisors LLC's holdings, making the stock its 13th largest holding. Jackson Creek Investment Advisors LLC owned about 0.11% of Grid Dynamics at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in shares of Grid Dynamics during the fourth quarter worth $27,000. FMR LLC boosted its position in Grid Dynamics by 38.7% during the third quarter. FMR LLC now owns 2,873 shares of the company's stock worth $40,000 after acquiring an additional 801 shares during the last quarter. MCF Advisors LLC grew its stake in Grid Dynamics by 65.8% during the 4th quarter. MCF Advisors LLC now owns 1,864 shares of the company's stock valued at $41,000 after acquiring an additional 740 shares in the last quarter. Quarry LP raised its holdings in Grid Dynamics by 131.5% in the 3rd quarter. Quarry LP now owns 5,236 shares of the company's stock valued at $73,000 after acquiring an additional 2,974 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Grid Dynamics in the 3rd quarter worth approximately $122,000. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Grid Dynamics Stock Up 3.5 %

NASDAQ:GDYN traded up $0.58 on Tuesday, hitting $17.35. The stock had a trading volume of 848,726 shares, compared to its average volume of 546,422. The company has a fifty day moving average price of $21.26 and a two-hundred day moving average price of $18.11. Grid Dynamics Holdings, Inc. has a 1-year low of $9.07 and a 1-year high of $25.50. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 433.75 and a beta of 1.10.

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Grid Dynamics (NASDAQ:GDYN - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 net margin of 1.15% and a negative return on equity of 0.33%. As a group, analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.

Insiders Place Their Bets

In other Grid Dynamics news, COO Yury Gryzlov sold 10,306 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $18.66, for a total value of $192,309.96. Following the sale, the chief operating officer now 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Anil Doradla sold 2,000 shares of Grid Dynamics stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $18.10, for a total value of $36,200.00. Following the completion of the transaction, the chief financial officer now owns 366,818 shares of the company's stock, valued at $6,639,405.80. The trade was a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,306 shares of company stock worth $343,050 over the last ninety days. Corporate insiders own 7.20% of the company's stock.

Analyst Ratings Changes

Separately, Needham & Company LLC upped their price target on Grid Dynamics from $25.00 to $30.00 and gave the company 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. Based on data from MarketBeat.com, Grid Dynamics has an average rating of "Buy" and an average price target of $19.17.

About Grid Dynamics

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.