Hsbc Holdings PLC Has $464,000 Position in Grid Dynamics Holdings, Inc. $GDYN

Hsbc Holdings PLC raised its stake in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 71.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,018 shares of the company’s stock after buying an additional 12,459 shares during the quarter. Hsbc Holdings PLC’s holdings in Grid Dynamics were worth $464,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of GDYN. Price T Rowe Associates Inc. MD grew its position in shares of Grid Dynamics by 24.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 34,917 shares of the company’s stock worth $777,000 after buying an additional 6,815 shares during the period. Northern Trust Corp grew its position in shares of Grid Dynamics by 14.2% during the 4th quarter. Northern Trust Corp now owns 851,727 shares of the company’s stock worth $18,942,000 after buying an additional 106,193 shares during the period. Comerica Bank grew its position in shares of Grid Dynamics by 25.0% during the 4th quarter. Comerica Bank now owns 56,546 shares of the company’s stock worth $1,258,000 after buying an additional 11,303 shares during the period. Ameriprise Financial Inc. grew its position in shares of Grid Dynamics by 303.8% during the 4th quarter. Ameriprise Financial Inc. now owns 184,130 shares of the company’s stock worth $4,095,000 after buying an additional 138,529 shares during the period. Finally, BNP Paribas Financial Markets acquired a new position in shares of Grid Dynamics during the 4th quarter worth about $353,000. 71.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Grid Dynamics Price Performance

NASDAQ:GDYN opened at $8.29 on Tuesday. The business’s 50-day simple moving average is $9.73 and its 200-day simple moving average is $13.10. Grid Dynamics Holdings, Inc. has a fifty-two week low of $7.46 and a fifty-two week high of $25.50. The stock has a market capitalization of $701.91 million, a PE ratio of 43.63 and a beta of 1.03.

Grid Dynamics (NASDAQ:GDYN) last announced its earnings results on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Grid Dynamics had a return on equity of 1.89% and a net margin of 4.37%.The business had revenue of $101.10 million for the quarter, compared to analyst estimates of $100.45 million. During the same quarter last year, the firm earned $0.08 EPS. Grid Dynamics’s revenue for the quarter 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, research analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share 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.