Themes Management Co LLC Takes $1.30 Million Position in Grid Dynamics Holdings, Inc. $GDYN

Themes Management Co LLC acquired a new stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) in the 4th quarter, Holdings Channel reports. The fund acquired 144,291 shares of the company’s stock, valued at approximately $1,303,000. Grid Dynamics comprises approximately 1.0% of Themes Management Co LLC’s portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Grid Dynamics by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 5,920,753 shares of the company’s stock valued at $53,464,000 after acquiring an additional 279,995 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of Grid Dynamics by 2.5% in the second quarter. Wasatch Advisors LP now owns 4,669,558 shares of the company’s stock valued at $53,933,000 after acquiring an additional 112,319 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of Grid Dynamics by 236.9% in the third quarter. Alyeska Investment Group L.P. now owns 4,290,786 shares of the company’s stock valued at $33,082,000 after acquiring an additional 3,017,017 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Grid Dynamics by 5.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,985,557 shares of the company’s stock valued at $15,309,000 after acquiring an additional 105,950 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Grid Dynamics by 123.9% in the second quarter. Alliancebernstein L.P. now owns 1,896,409 shares of the company’s stock valued at $21,904,000 after acquiring an additional 1,049,519 shares in the last quarter. 71.18% of the stock is currently owned by institutional investors.

Grid Dynamics Stock Performance

Shares of NASDAQ:GDYN opened at $7.13 on Tuesday. The stock has a market capitalization of $596.28 million, a price-to-earnings ratio of 142.63 and a beta of 0.86. Grid Dynamics Holdings, Inc. has a 1-year low of $5.13 and a 1-year high of $13.26. The company has a 50 day moving average price of $6.06 and a 200 day moving average price of $7.53.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on GDYN shares. Needham & Company LLC decreased their price objective on shares of Grid Dynamics from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, May 1st. Weiss Ratings cut shares of Grid Dynamics from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Northland Securities reduced their target price on shares of Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating for the company in a report on Monday, March 9th. TD Cowen reduced their target price on shares of Grid Dynamics from $11.00 to $10.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Five equities 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. According to MarketBeat.com, Grid Dynamics currently has an average rating of “Moderate Buy” and an average target price 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.