Trexquant Investment LP Has $275,000 Holdings in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Trexquant Investment LP lowered its position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) by 91.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,382 shares of the company's stock after selling 124,605 shares during the quarter. Trexquant Investment LP's holdings in Grid Dynamics were worth $275,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in shares of Grid Dynamics by 824.9% in the fourth quarter. American Century Companies Inc. now owns 621,465 shares of the company's stock valued at $13,821,000 after acquiring an additional 554,275 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Grid Dynamics in the 3rd quarter valued at $8,589,000. SG Americas Securities LLC bought a new stake in shares of Grid Dynamics during the fourth quarter worth $242,000. Barclays PLC grew its holdings in shares of Grid Dynamics by 173.8% during the third quarter. Barclays PLC now owns 111,182 shares of the company's stock worth $1,556,000 after purchasing an additional 70,579 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Grid Dynamics by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,381,429 shares of the company's stock valued at $19,344,000 after buying an additional 17,763 shares in the last quarter. 71.18% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Yury Gryzlov sold 10,306 shares of Grid Dynamics 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. The trade was a 2.09 % decrease in their ownership of the stock. The sale 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 the 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 directly owns 366,818 shares in the company, 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 sold a total of 19,043 shares of company stock valued at $349,078 over the last ninety days. Insiders own 7.20% of the company's stock.

Grid Dynamics Price Performance

Shares of NASDAQ GDYN traded up $0.09 during midday trading on Friday, hitting $13.06. The stock had a trading volume of 877,668 shares, compared to its average volume of 605,251. Grid Dynamics Holdings, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $25.50. The firm has a market cap of $1.09 billion, a P/E ratio of 326.50 and a beta of 0.99. The company's 50-day simple moving average is $17.10 and its 200 day simple moving average is $18.31.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.04 EPS 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 firm had revenue of $100.28 million during the quarter, compared to analyst estimates of $96.00 million. Equities analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Needham & Company LLC increased their price objective on shares of Grid Dynamics from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $19.60.

Grid Dynamics Company 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.