Integrated Quantitative Investments LLC Purchases 34,097 Shares of Grid Dynamics Holdings, Inc. $GDYN

Integrated Quantitative Investments LLC raised its position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 56.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,254 shares of the company’s stock after buying an additional 34,097 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in Grid Dynamics were worth $1,089,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GDYN. Goldman Sachs Group Inc. boosted its position in shares of Grid Dynamics by 12.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 319,186 shares of the company’s stock worth $4,995,000 after purchasing an additional 35,204 shares in the last quarter. Axiom Investors LLC DE acquired a new position in Grid Dynamics during the 1st quarter valued at about $3,876,000. Fourth Sail Capital LP raised its stake in Grid Dynamics by 58.5% in the second quarter. Fourth Sail Capital LP now owns 1,623,562 shares of the company’s stock valued at $18,752,000 after buying an additional 599,293 shares during the last quarter. Taylor Frigon Capital Management LLC boosted its holdings in Grid Dynamics by 37.6% in the second quarter. Taylor Frigon Capital Management LLC now owns 195,621 shares of the company’s stock worth $2,259,000 after acquiring an additional 53,484 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Grid Dynamics in the first quarter worth about $1,472,000. 71.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GDYN shares. JPMorgan Chase & Co. cut their price objective on shares of Grid Dynamics from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Weiss Ratings restated a “sell (d+)” rating on shares of Grid Dynamics in a research note on Wednesday, October 8th. Needham & Company LLC decreased their price target on shares of Grid Dynamics from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 31st. Wall Street Zen lowered shares of Grid Dynamics from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Jefferies Financial Group started coverage on Grid Dynamics in a research report on Monday, September 22nd. They issued a “buy” rating and a $11.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Grid Dynamics currently has an average rating of “Hold” and an average price target of $11.33.

Grid Dynamics Trading Down 1.1%

Shares of NASDAQ GDYN opened at $8.18 on Friday. The company has a 50 day simple moving average of $8.08 and a two-hundred day simple moving average of $9.98. The stock has a market cap of $693.42 million, a price-to-earnings ratio of 54.53 and a beta of 1.07. Grid Dynamics Holdings, Inc. has a 12 month low of $7.37 and a 12 month high of $25.50.

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

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.