Grid Dynamics Holdings, Inc. $GDYN Stock Position Lifted by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC grew its position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 49.8% in the third quarter, Holdings Channel.com reports. The fund owned 292,960 shares of the company’s stock after buying an additional 97,339 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Grid Dynamics were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GDYN. Goldman Sachs Group Inc. boosted its stake in Grid Dynamics by 12.4% in the first quarter. Goldman Sachs Group Inc. now owns 319,186 shares of the company’s stock valued at $4,995,000 after acquiring an additional 35,204 shares during the period. Axiom Investors LLC DE acquired a new stake in shares of Grid Dynamics during the 1st quarter worth approximately $3,876,000. Fourth Sail Capital LP lifted its holdings in shares of Grid Dynamics by 58.5% in the 2nd quarter. Fourth Sail Capital LP now owns 1,623,562 shares of the company’s stock worth $18,752,000 after purchasing an additional 599,293 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Grid Dynamics in the 1st quarter worth approximately $1,472,000. Finally, Pacer Advisors Inc. acquired a new position in Grid Dynamics during the 3rd quarter valued at approximately $1,199,000. 71.18% of the stock is owned by institutional investors and hedge funds.

Grid Dynamics Stock Performance

Shares of GDYN opened at $8.83 on Friday. Grid Dynamics Holdings, Inc. has a one year low of $7.37 and a one year high of $25.50. The stock’s fifty day moving average is $8.94 and its 200-day moving average is $9.02. The firm has a market capitalization of $748.51 million, a price-to-earnings ratio of 58.87 and a beta of 0.82.

Grid Dynamics (NASDAQ:GDYN) last announced its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The firm had revenue of $104.16 million during the quarter, compared to analyst estimates of $103.64 million. Grid Dynamics had a net margin of 3.42% and a return on equity of 1.74%. Grid Dynamics’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. Analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on GDYN shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grid Dynamics in a research report on Wednesday, December 24th. Needham & Company LLC lowered their price target on shares of Grid Dynamics from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Zacks Research upgraded shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. reduced their target price on shares of Grid Dynamics from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Jefferies Financial Group started coverage on shares of Grid Dynamics in a research report on Monday, September 22nd. They issued a “buy” rating and a $11.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.33.

Insider Activity

In related news, CFO Anil Doradla sold 4,368 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $10.00, for a total transaction of $43,680.00. Following the transaction, the chief financial officer owned 344,852 shares in the company, valued at $3,448,520. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.50% of the stock is owned by company insiders.

Grid Dynamics Profile

Grid Dynamics (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises accelerate their digital transformation initiatives. The company specializes in designing and implementing scalable, cloud-native solutions that leverage advanced analytics, machine learning and artificial intelligence to optimize operations, enhance customer experiences and drive revenue growth. Its technology expertise spans e-commerce platforms, modern data architectures, DevOps and automation, as well as custom application development across a range of industries including retail, financial services, high tech and automotive.

Key service offerings include cloud migration and modernization, data engineering and analytics, AI/ML-driven insights, digital commerce and omnichannel solutions.