Rhumbline Advisers Grows Stake in Grid Dynamics Holdings, Inc. $GDYN

Rhumbline Advisers increased its stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,049 shares of the company’s stock after acquiring an additional 5,787 shares during the period. Rhumbline Advisers owned approximately 0.20% of Grid Dynamics worth $2,614,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GDYN. Nuveen LLC purchased a new position in Grid Dynamics in the first quarter worth about $19,977,000. American Century Companies Inc. boosted its position in shares of Grid Dynamics by 72.7% during the first quarter. American Century Companies Inc. now owns 1,073,327 shares of the company’s stock valued at $16,798,000 after buying an additional 451,862 shares during the period. Fourth Sail Capital LP boosted its position in shares of Grid Dynamics by 52.3% during the first quarter. Fourth Sail Capital LP now owns 1,024,269 shares of the company’s stock valued at $16,030,000 after buying an additional 351,608 shares during the period. Castleark Management LLC purchased a new position in shares of Grid Dynamics during the fourth quarter valued at approximately $5,804,000. Finally, Axiom Investors LLC DE purchased a new position in shares of Grid Dynamics during the first quarter valued at approximately $3,876,000. Hedge funds and other institutional investors own 71.18% of the company’s stock.

Grid Dynamics Trading Up 0.7%

Shares of GDYN stock opened at $7.61 on Wednesday. The business’s fifty day simple moving average is $8.80 and its 200-day simple moving average is $12.17. The company has a market cap of $644.34 million, a PE ratio of 40.05 and a beta of 1.03. Grid Dynamics Holdings, Inc. has a 12-month low of $7.37 and a 12-month high of $25.50.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on GDYN. Needham & Company LLC dropped their target price on Grid Dynamics from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, August 1st. JPMorgan Chase & Co. dropped 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. Finally, Wall Street Zen lowered Grid Dynamics from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Grid Dynamics presently has a consensus rating of “Buy” and an average target price 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.