Grid Dynamics Holdings, Inc. $GDYN Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 29.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,639 shares of the company’s stock after purchasing an additional 2,640 shares during the period. Cetera Investment Advisers’ holdings in Grid Dynamics were worth $182,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions LLC acquired a new position in shares of Grid Dynamics in the fourth quarter valued at approximately $25,000. USA Financial Formulas acquired a new position in shares of Grid Dynamics in the first quarter valued at approximately $42,000. Johnson Financial Group Inc. acquired a new position in shares of Grid Dynamics in the fourth quarter valued at approximately $70,000. PharVision Advisers LLC purchased a new stake in shares of Grid Dynamics in the fourth quarter valued at approximately $214,000. Finally, Sandia Investment Management LP purchased a new stake in shares of Grid Dynamics in the fourth quarter valued at approximately $222,000. Institutional investors and hedge funds own 71.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GDYN shares. JPMorgan Chase & Co. decreased their price target on Grid Dynamics from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wall Street Zen downgraded Grid Dynamics from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, Needham & Company LLC decreased their target price on Grid Dynamics from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Grid Dynamics has an average rating of “Buy” and an average price target of $15.75.

Grid Dynamics Trading Up 1.1%

Grid Dynamics stock opened at $8.10 on Friday. The firm has a market capitalization of $685.83 million, a P/E ratio of 42.63 and a beta of 1.06. The stock has a fifty day moving average price of $10.14 and a 200 day moving average price of $13.87. Grid Dynamics Holdings, Inc. has a 52 week low of $7.46 and a 52 week high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last released its earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $101.10 million during the quarter, compared to analyst estimates of $100.45 million. Grid Dynamics had a return on equity of 1.89% and a net margin of 4.37%.The business’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 earnings per share. Grid Dynamics has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

About Grid Dynamics

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.