S Squared Technology LLC Cuts Stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

S Squared Technology LLC decreased its holdings in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 10.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,881 shares of the company's stock after selling 30,000 shares during the quarter. Grid Dynamics accounts for approximately 2.4% of S Squared Technology LLC's portfolio, making the stock its 19th largest position. S Squared Technology LLC owned about 0.32% of Grid Dynamics worth $5,780,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Marshall Wace LLP lifted its stake in Grid Dynamics by 4,387.8% during the fourth quarter. Marshall Wace LLP now owns 594,184 shares of the company's stock worth $13,215,000 after purchasing an additional 580,944 shares during the last quarter. EAM Global Investors LLC bought a new stake in Grid Dynamics in the 4th quarter worth approximately $5,122,000. EAM Investors LLC purchased a new stake in Grid Dynamics in the fourth quarter worth approximately $3,939,000. Barclays PLC grew its position in Grid Dynamics by 7.5% during the fourth quarter. Barclays PLC now owns 119,489 shares of the company's stock valued at $2,658,000 after acquiring an additional 8,307 shares during the last quarter. Finally, Next Century Growth Investors LLC raised its stake in shares of Grid Dynamics by 78.1% during the fourth quarter. Next Century Growth Investors LLC now owns 1,622,226 shares of the company's stock worth $36,078,000 after acquiring an additional 711,150 shares in the last quarter. 71.18% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Anil Doradla sold 2,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 341,012 shares in the company, valued at $8,214,979.08. This trade represents a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Yury Gryzlov sold 10,306 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $18.66, for a total value of $192,309.96. Following the completion of the sale, the chief operating officer now directly owns 482,759 shares in the company, valued at approximately $9,008,282.94. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,043 shares of company stock worth $349,078 over the last three months. Company insiders own 7.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC lifted their target price on shares of 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Grid Dynamics currently has an average rating of "Buy" and an average price target of $19.60.

Grid Dynamics Trading Up 2.7 %

Shares of GDYN stock traded up $0.36 during mid-day trading on Tuesday, reaching $13.34. The stock had a trading volume of 134,901 shares, compared to its average volume of 772,582. The stock's 50-day moving average price is $16.90 and its two-hundred day moving average price is $18.36. The firm has a market capitalization of $1.12 billion, a PE ratio of 333.38 and a beta of 0.99. Grid Dynamics Holdings, Inc. has a 52-week low of $9.07 and a 52-week high of $25.50.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued 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). Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%. The business had revenue of $100.28 million during the quarter, compared to the consensus estimate of $96.00 million. On average, equities research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.

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.