SG Americas Securities LLC Has $898,000 Stock Position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

SG Americas Securities LLC grew its position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 426.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,363 shares of the company’s stock after acquiring an additional 46,475 shares during the quarter. SG Americas Securities LLC owned 0.07% of Grid Dynamics worth $898,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Grid Dynamics by 26.8% during the 4th 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 in the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Grid Dynamics during the 4th quarter worth approximately $55,114,000. Dimensional Fund Advisors LP raised its stake in shares of Grid Dynamics by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,816,447 shares of the company’s stock worth $40,399,000 after purchasing an additional 17,881 shares in the last quarter. Next Century Growth Investors LLC raised its stake in shares of Grid Dynamics by 78.1% during the 4th quarter. Next Century Growth Investors LLC now owns 1,622,226 shares of the company’s stock worth $36,078,000 after purchasing an additional 711,150 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Grid Dynamics by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 1,433,773 shares of the company’s stock worth $31,895,000 after purchasing an additional 52,344 shares in the last quarter. Institutional investors and hedge funds own 71.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GDYN. Wall Street Zen cut Grid Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Needham & Company LLC increased their price target on Grid Dynamics from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $18.75.

Insiders Place Their Bets

In other Grid Dynamics news, COO Yury Gryzlov sold 2,000 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $13.22, for a total transaction of $26,440.00. Following the transaction, the chief operating officer now owns 474,269 shares in the company, valued at $6,269,836.18. This trade represents a 0.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 4,737 shares of company stock worth $65,288 in the last 90 days. Company insiders own 7.20% of the company’s stock.

Grid Dynamics Trading Up 1.5%

GDYN opened at $11.68 on Thursday. Grid Dynamics Holdings, Inc. has a 1-year low of $9.53 and a 1-year high of $25.50. The stock’s fifty day simple moving average is $13.18 and its 200 day simple moving average is $17.36. The stock has a market cap of $987.54 million, a PE ratio of 97.34 and a beta of 1.07.

Grid Dynamics (NASDAQ:GDYN) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $100.42 million for the quarter, compared to analysts’ expectations of $98.19 million. Grid Dynamics had a return on equity of 1.37% and a net margin of 2.94%. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 EPS. Equities analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.

Grid Dynamics Profile

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.