2 days Ago By ABMN Staff
Geode Capital Management LLC lifted its stake in shares of Grid Dynamics Holdings, Inc. ( NASDAQ:GDYN – Free Report ) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 1,433,773 shares of the company’s stock after purchasing an additional 52,344 shares during the period. Geode Capital Management LLC’s holdings in Grid Dynamics were worth $31,895,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also made changes to their positions in the company.
Vanguard Group Inc. grew its stake in Grid Dynamics by 26.8% during the 4th quarter.
Vanguard Group Inc. now owns 5,535,526 shares of the company’s stock valued at $123,110,000 after acquiring an additional 1,171,481 shares in the last quarter. Loomis Sayles & Co.
L P purchased a new position in Grid Dynamics during the fourth quarter worth about $55,114,000. State Street Corp lifted its stake in Grid Dynamics by 0.5% during the third quarter.
State Street Corp now owns 1,446,130 shares of the company’s stock worth $20,246,000 after purchasing an additional 6,938 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Grid Dynamics in the 4th quarter valued at about $22,192,000. Finally, American Century Companies Inc.
lifted its holdings in Grid Dynamics by 824.9% during the 4th quarter. American Century Companies Inc.
now owns 621,465 shares of the company’s stock worth $13,821,000 after buying an additional 554,275 shares in the last quarter. Hedge funds and other institutional investors own 71.18% of the company’s stock.
Grid Dynamics Stock Down 5.7 % GDYN opened at $12.97 on Thursday.
The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 324.25 and a beta of 0.
99. The business’s 50 day moving average is $17.51 and its two-hundred day moving average is $18.
32. Grid Dynamics Holdings, Inc. has a 52 week low of $9.
07 and a 52 week high of $25.50. Insider Transactions at Grid Dynamics In other news, COO Yury Gryzlov sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th.
The stock was sold at an average price of $13.97, for a total transaction of $27,940.00.
Following the sale, the chief operating officer now owns 476,269 shares of the company’s stock, valued at $6,653,477.93. The trade was a 0.
42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . In the last three months, insiders sold 19,043 shares of company stock valued at $349,078.
Corporate insiders own 7.20% of the company’s stock. Analyst Ratings Changes Separately, Needham & Company LLC raised their target price on shares of Grid Dynamics from $25.
00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 21st. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock.
Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $19.60.
Get Our Latest Stock Report on Grid Dynamics Grid Dynamics Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding GDYN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Grid Dynamics Holdings, Inc. ( NASDAQ:GDYN – Free Report ). Receive News & Ratings for Grid Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grid Dynamics and related companies with MarketBeat.
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