Quantinno Capital Management LP Acquires 169,477 Shares of Grid Dynamics Holdings, Inc. $GDYN

Quantinno Capital Management LP lifted its holdings in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 460.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,289 shares of the company’s stock after buying an additional 169,477 shares during the quarter. Quantinno Capital Management LP’s holdings in Grid Dynamics were worth $1,176,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its position in Grid Dynamics by 175.5% during the 4th quarter. Hantz Financial Services Inc. now owns 3,229 shares of the company’s stock valued at $29,000 after acquiring an additional 2,057 shares during the period. Quarry LP boosted 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 in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Grid Dynamics in the second quarter worth about $43,000. PNC Financial Services Group Inc. grew its holdings in Grid Dynamics by 60.1% in the first quarter. PNC Financial Services Group Inc. now owns 8,315 shares of the company’s stock worth $47,000 after purchasing an additional 3,122 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Grid Dynamics by 208.2% in the second quarter. Tower Research Capital LLC TRC now owns 6,213 shares of the company’s stock worth $72,000 after purchasing an additional 4,197 shares during the period. 71.18% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Yury Gryzlov sold 4,435 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $8.00, for a total transaction of $35,480.00. Following the sale, the chief operating officer owned 514,948 shares in the company, valued at $4,119,584. This represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,610 shares of company stock valued at $74,751 in the last 90 days. Corporate insiders own 6.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Needham & Company LLC lifted their target price on shares of Grid Dynamics from $8.00 to $10.00 and gave the company a “buy” rating in a report on Friday, July 31st. Citigroup restated a “cautious” rating on shares of Grid Dynamics in a research note on Friday, May 29th. TD Cowen raised their price objective on Grid Dynamics from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Jefferies Financial Group lowered Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 price objective for the company. in a research report on Friday, May 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Grid Dynamics in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $9.40.

Grid Dynamics Price Performance

Shares of Grid Dynamics stock opened at $7.75 on Friday. Grid Dynamics Holdings, Inc. has a 1 year low of $5.11 and a 1 year high of $10.21. The firm’s 50-day moving average is $6.27 and its 200 day moving average is $6.44. The stock has a market cap of $628.76 million, a price-to-earnings ratio of 387.69 and a beta of 0.92.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $108.16 million during the quarter, compared to analyst estimates of $106.55 million. Grid Dynamics had a net margin of 0.68% and a return on equity of 1.90%. On average, equities analysts expect that Grid Dynamics Holdings, Inc. will post 0.13 EPS for the current fiscal year.

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.