Intech Investment Management LLC Has $638,000 Stock Position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Intech Investment Management LLC grew its holdings in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 161.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 28,669 shares of the company’s stock after acquiring an additional 17,718 shares during the quarter. Intech Investment Management LLC’s holdings in Grid Dynamics were worth $638,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in Grid Dynamics in the 4th quarter valued at $27,000. MCF Advisors LLC grew its holdings in shares of Grid Dynamics by 65.8% in 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. FMR LLC increased its position 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 during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in Grid Dynamics by 68.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 3,157 shares of the company’s stock worth $71,000 after acquiring an additional 1,282 shares in the last quarter. Finally, Quarry LP boosted its position in Grid Dynamics by 131.5% during the third quarter. Quarry LP now owns 5,236 shares of the company’s stock valued at $73,000 after purchasing an additional 2,974 shares during the last quarter. Institutional investors own 71.18% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, COO Yury Gryzlov sold 10,306 shares of the firm’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 position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 completion of the transaction, the chief financial officer now owns 341,012 shares in the company, valued at approximately $8,214,979.08. This trade represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,306 shares of company stock valued at $376,590 over the last ninety days. 7.20% of the stock is currently owned by company insiders.

Grid Dynamics Stock Performance

Shares of NASDAQ:GDYN opened at $16.26 on Monday. Grid Dynamics Holdings, Inc. has a 52-week low of $9.07 and a 52-week high of $25.50. The company has a market capitalization of $1.36 billion, a P/E ratio of 406.50 and a beta of 1.10. The company has a 50-day simple moving average of $20.38 and a 200 day simple moving average of $18.30.

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 analysts’ consensus estimates of $0.10 by ($0.06). The business had revenue of $100.28 million during the quarter, compared to analyst estimates 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, equities analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current 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.