2 weeks Ago By ABMN Staff
Legal & General Group Plc lifted its stake in shares of Grid Dynamics Holdings, Inc. ( NASDAQ:GDYN – Free Report ) by 84.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 137,493 shares of the company’s stock after acquiring an additional 63,055 shares during the quarter. Legal & General Group Plc owned approximately 0.17% of Grid Dynamics worth $3,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Loomis Sayles & Co. L P acquired a new position in shares of Grid Dynamics in the 4th quarter worth approximately $55,114,000.
Vanguard Group Inc. lifted its holdings in Grid Dynamics by 26.8% in the fourth quarter.
Vanguard Group Inc. now owns 5,535,526 shares of the company’s stock valued at $123,110,000 after buying an additional 1,171,481 shares during the period. William Blair Investment Management LLC bought a new stake in Grid Dynamics during the fourth quarter valued at $22,192,000.
Lord Abbett & CO. LLC acquired a new stake in Grid Dynamics during the 3rd quarter worth about $8,589,000. Finally, American Century Companies Inc.
raised its position in shares of Grid Dynamics by 824.9% in the 4th quarter. American Century Companies Inc.
now owns 621,465 shares of the company’s stock worth $13,821,000 after acquiring an additional 554,275 shares in the last quarter. 71.18% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes Separately, Needham & Company LLC raised their target price on Grid Dynamics from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, February 21st.
Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $19.
60. Grid Dynamics Stock Performance GDYN stock opened at $13.70 on Thursday.
The stock’s 50 day simple moving average is $16.53 and its 200 day simple moving average is $18.29.
The company has a market cap of $1.15 billion, a P/E ratio of 342.50 and a beta of 0.
99. Grid Dynamics Holdings, Inc. has a fifty-two week low of $9.
07 and a fifty-two week high of $25.50. Grid Dynamics ( NASDAQ:GDYN – Get Free Report ) last posted its quarterly earnings results on Thursday, February 20th.
The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.
06). Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.
33%. The business had revenue of $100.28 million during the quarter, compared to analyst estimates of $96.
00 million. Equities analysts predict that Grid Dynamics Holdings, Inc. will post 0.
18 earnings per share for the current year. Insider Buying and Selling In other news, CFO Anil Doradla sold 2,000 shares of the stock in a transaction dated Friday, February 7th. The shares were 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 in the company, valued at $8,214,979.
08. This represents a 0.58 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, COO Yury Gryzlov sold 10,306 shares of the firm’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 directly owns 482,759 shares in the company, valued at $9,008,282.
94. The trade was a 2.09 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last 90 days, insiders sold 19,043 shares of company stock worth $349,078. 7.
20% of the stock is owned by corporate insiders. About Grid Dynamics ( 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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