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

S Squared Technology LLC trimmed its position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 10.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 259,881 shares of the company’s stock after selling 30,000 shares during the quarter. Grid Dynamics comprises about 2.4% of S Squared Technology LLC’s portfolio, making the stock its 19th biggest holding. S Squared Technology LLC’s holdings in Grid Dynamics were worth $5,780,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, CFO Anil Doradla sold 2,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $24.09, for a total transaction of $48,180.00. Following the completion of the transaction, the chief financial officer now directly owns 341,012 shares in the company, valued at approximately $8,214,979.08. This represents a 0.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Yury Gryzlov sold 10,306 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now owns 482,759 shares in the company, valued at approximately $9,008,282.94. This trade represents a 2.09 % 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. 7.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC increased their target price on shares of 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $19.60.

Grid Dynamics Stock Down 5.7 %

Shares of GDYN opened at $12.97 on Thursday. Grid Dynamics Holdings, Inc. has a 52-week low of $9.07 and a 52-week high of $25.50. The stock has a fifty day simple moving average of $17.51 and a two-hundred day simple moving average of $18.32. The company has a market capitalization of $1.09 billion, a PE ratio of 324.25 and a beta of 0.99.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.04 earnings per share (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 analyst estimates of $96.00 million. Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%. As a group, equities analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

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.