Fourth Sail Capital LP Has $18.75 Million Stock Holdings in Grid Dynamics Holdings, Inc. $GDYN

Fourth Sail Capital LP lifted its position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 58.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,623,562 shares of the company’s stock after acquiring an additional 599,293 shares during the period. Grid Dynamics comprises approximately 3.9% of Fourth Sail Capital LP’s holdings, making the stock its 10th largest holding. Fourth Sail Capital LP’s holdings in Grid Dynamics were worth $18,752,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of Grid Dynamics by 28,150.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,695 shares of the company’s stock worth $27,000 after purchasing an additional 1,689 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Grid Dynamics by 199.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company’s stock worth $36,000 after acquiring an additional 1,526 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Grid Dynamics in the second quarter valued at approximately $117,000. Cetera Investment Advisers raised its position in shares of Grid Dynamics by 29.3% during the 1st quarter. Cetera Investment Advisers now owns 11,639 shares of the company’s stock worth $182,000 after purchasing an additional 2,640 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Grid Dynamics in the 1st quarter worth approximately $183,000. Institutional investors and hedge funds own 71.18% of the company’s stock.

Grid Dynamics Stock Up 0.9%

NASDAQ:GDYN opened at $8.82 on Monday. Grid Dynamics Holdings, Inc. has a 52-week low of $7.37 and a 52-week high of $25.50. The firm has a market cap of $747.67 million, a P/E ratio of 58.80 and a beta of 1.07. The business’s 50-day moving average price is $8.03 and its 200 day moving average price is $10.14.

Grid Dynamics (NASDAQ:GDYN) last issued its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $104.16 million during the quarter, compared to analysts’ expectations of $103.64 million. Grid Dynamics had a net margin of 3.42% and a return on equity of 1.74%. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. Grid Dynamics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on GDYN. Jefferies Financial Group started coverage on Grid Dynamics in a report on Monday, September 22nd. They set a “buy” rating and a $11.00 price target on the stock. Needham & Company LLC reduced their price target on Grid Dynamics from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Grid Dynamics in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Grid Dynamics from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Finally, Zacks Research upgraded shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.33.

About Grid Dynamics

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.