Themes Management Co LLC Takes Position in Grid Dynamics Holdings, Inc. $GDYN

Themes Management Co LLC acquired a new position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 144,291 shares of the company’s stock, valued at approximately $1,303,000. Grid Dynamics accounts for 1.0% of Themes Management Co LLC’s portfolio, making the stock its 28th biggest position. Themes Management Co LLC owned approximately 0.17% of Grid Dynamics at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GDYN. Hantz Financial Services Inc. raised its stake in Grid Dynamics by 175.5% during the fourth quarter. Hantz Financial Services Inc. now owns 3,229 shares of the company’s stock worth $29,000 after acquiring an additional 2,057 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Grid Dynamics during the third quarter worth about $31,000. GAMMA Investing LLC raised its stake in Grid Dynamics by 273.2% during the fourth quarter. GAMMA Investing LLC now owns 3,598 shares of the company’s stock worth $32,000 after acquiring an additional 2,634 shares during the period. Quarry LP raised its stake in Grid Dynamics by 57.1% during the third quarter. Quarry LP now owns 4,835 shares of the company’s stock worth $37,000 after acquiring an additional 1,757 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Grid Dynamics during the second quarter worth about $43,000. Institutional investors and hedge funds own 71.18% of the company’s stock.

Grid Dynamics Stock Performance

NASDAQ GDYN opened at $7.13 on Tuesday. Grid Dynamics Holdings, Inc. has a 52 week low of $5.13 and a 52 week high of $13.26. The stock has a market cap of $596.28 million, a price-to-earnings ratio of 142.63 and a beta of 0.86. The company has a 50-day moving average price of $6.06 and a two-hundred day moving average price of $7.53.

Grid Dynamics (NASDAQ:GDYN) last posted its earnings results on Thursday, April 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Grid Dynamics had a net margin of 1.27% and a return on equity of 1.20%. The firm had revenue of $104.10 million during the quarter, compared to analysts’ expectations of $103.32 million. During the same quarter in the prior year, the firm earned $0.11 EPS. Grid Dynamics’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts expect that Grid Dynamics Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GDYN. TD Cowen dropped their price objective on shares of Grid Dynamics from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Northland Securities dropped their price objective on shares of Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, March 9th. Zacks Research upgraded shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Needham & Company LLC decreased their target price on shares of Grid Dynamics from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Weiss Ratings cut shares of Grid Dynamics from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Grid Dynamics Company 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.