PNC Financial Services Group Inc. Has $36,000 Stock Holdings in Grid Dynamics Holdings, Inc. $GDYN

PNC Financial Services Group Inc. increased its position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 199.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,293 shares of the company’s stock after buying an additional 1,526 shares during the period. PNC Financial Services Group Inc.’s holdings in Grid Dynamics were worth $36,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Coppell Advisory Solutions LLC acquired a new position in Grid Dynamics during the 4th quarter valued at about $25,000. USA Financial Formulas acquired a new position in Grid Dynamics during the 1st quarter valued at about $42,000. Johnson Financial Group Inc. acquired a new position in Grid Dynamics during the 4th quarter valued at about $70,000. Cetera Investment Advisers boosted its stake in Grid Dynamics by 29.3% during the 1st quarter. Cetera Investment Advisers now owns 11,639 shares of the company’s stock valued at $182,000 after purchasing an additional 2,640 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Grid Dynamics by 25.1% during the 1st quarter. Harbor Capital Advisors Inc. now owns 13,639 shares of the company’s stock valued at $213,000 after purchasing an additional 2,736 shares during the last quarter. 71.18% of the stock is currently owned by institutional investors and hedge funds.

Grid Dynamics Stock Up 1.1%

Grid Dynamics stock opened at $8.10 on Friday. Grid Dynamics Holdings, Inc. has a 52 week low of $7.46 and a 52 week high of $25.50. The company’s 50 day moving average price is $10.14 and its two-hundred day moving average price is $13.87. The stock has a market cap of $685.83 million, a P/E ratio of 42.63 and a beta of 1.06.

Grid Dynamics (NASDAQ:GDYN) last posted its earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Grid Dynamics had a net margin of 4.37% and a return on equity of 1.89%. The firm had revenue of $101.10 million for the quarter, compared to analysts’ expectations of $100.45 million. During the same quarter last year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. Grid Dynamics has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.