2 weeks Ago By ABMN Staff
Invesco Ltd. grew its holdings in shares of Grid Dynamics Holdings, Inc. ( NASDAQ:GDYN – Free Report ) by 1,053.
1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 537,811 shares of the company’s stock after buying an additional 491,171 shares during the quarter. Invesco Ltd.
’s holdings in Grid Dynamics were worth $11,961,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc.
lifted its position in shares of Grid Dynamics by 26.8% during the fourth quarter. Vanguard Group Inc.
now owns 5,535,526 shares of the company’s stock worth $123,110,000 after purchasing an additional 1,171,481 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in Grid Dynamics during the 4th quarter valued at about $55,114,000.
State Street Corp boosted its position in Grid Dynamics by 0.5% in the 3rd quarter. State Street Corp now owns 1,446,130 shares of the company’s stock valued at $20,246,000 after buying an additional 6,938 shares during the period.
Geode Capital Management LLC grew its stake in Grid Dynamics by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 1,433,773 shares of the company’s stock worth $31,895,000 after acquiring an additional 52,344 shares in the last quarter.
Finally, William Blair Investment Management LLC bought a new stake in shares of Grid Dynamics during the fourth quarter valued at approximately $22,192,000. 71.18% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Grid Dynamics In other Grid Dynamics news, CFO Anil Doradla sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $24.09, for a total value of $48,180.
00. Following the completion of the sale, the chief financial officer now owns 341,012 shares of the company’s stock, valued at approximately $8,214,979.08.
This trade represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
Also, COO Yury Gryzlov sold 10,306 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $18.66, for a total transaction of $192,309.
96. Following the transaction, the chief operating officer now owns 482,759 shares in the company, valued at approximately $9,008,282.94.
This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here .
Over the last three months, insiders have sold 19,043 shares of company stock valued at $349,078. Corporate insiders own 7.20% of the company’s stock.
Grid Dynamics Trading Down 0.6 % Grid Dynamics ( NASDAQ:GDYN – Get Free Report ) last announced its earnings results on Thursday, February 20th. The company reported $0.
04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06).
Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%.
The firm had revenue of $100.28 million during the quarter, compared to the consensus estimate of $96.00 million.
On average, equities analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.
Analysts Set New Price Targets Separately, Needham & Company LLC raised their price objective on Grid Dynamics from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, February 21st.
Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $19.
60. Read Our Latest Research Report on Grid Dynamics Grid Dynamics Profile ( Free Report ) 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.
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