Barclays PLC Has $404,000 Stock Holdings in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Barclays PLC boosted its holdings in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 144.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 35,218 shares of the company’s stock after acquiring an additional 20,817 shares during the period. Barclays PLC’s holdings in Grid Dynamics were worth $404,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Grid Dynamics by 0.8% during the 3rd quarter. BlackRock Inc. now owns 5,585,887 shares of the company’s stock worth $104,626,000 after acquiring an additional 43,436 shares during the period. Wasatch Advisors Inc. boosted its position in shares of Grid Dynamics by 101.7% during the first quarter. Wasatch Advisors Inc. now owns 5,128,874 shares of the company’s stock worth $72,215,000 after purchasing an additional 2,585,803 shares in the last quarter. Bamco Inc. NY boosted its position in shares of Grid Dynamics by 17.6% during the fourth quarter. Bamco Inc. NY now owns 3,000,000 shares of the company’s stock worth $33,660,000 after purchasing an additional 450,000 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Grid Dynamics by 13.0% during the third quarter. Vanguard Group Inc. now owns 2,752,072 shares of the company’s stock worth $51,546,000 after purchasing an additional 316,138 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Grid Dynamics by 0.5% during the first quarter. Jennison Associates LLC now owns 2,690,632 shares of the company’s stock worth $30,835,000 after purchasing an additional 13,376 shares in the last quarter. Institutional investors and hedge funds own 69.68% of the company’s stock.

Grid Dynamics Trading Up 1.2 %

GDYN opened at $11.41 on Wednesday. The firm’s fifty day simple moving average is $10.38 and its 200 day simple moving average is $10.55. Grid Dynamics Holdings, Inc. has a 12 month low of $8.00 and a 12 month high of $21.17. The stock has a market capitalization of $859.63 million, a P/E ratio of -42.26 and a beta of 0.82.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Grid Dynamics had a negative net margin of 5.86% and a positive return on equity of 9.71%. The firm had revenue of $77.30 million for the quarter, compared to analysts’ expectations of $76.36 million. During the same period in the previous year, the firm posted $0.12 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts predict that Grid Dynamics Holdings, Inc. will post 0.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GDYN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Grid Dynamics from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 22nd. Cantor Fitzgerald cut their price objective on shares of Grid Dynamics from $17.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, July 20th. Citigroup cut their price objective on shares of Grid Dynamics from $17.00 to $14.00 in a research report on Monday, May 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Grid Dynamics in a research report on Friday, August 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $14.00.

Grid Dynamics Profile

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides enterprise-level digital transformation services in the areas of search, analytics, and release automation for Fortune 1000 corporations in North America, Europe, and internationally. It works in collaboration with its clients on digital transformation initiatives that cover strategy consulting, early prototypes, and enterprise-scale delivery of new digital platforms.