22 hours Ago By Defense World Staff
HighTower Advisors LLC boosted its stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN – Free Report) by 20.6% during the fourth quarter, according to the company in its most recent filing with the SEC.
The fund owned 14,525 shares of the company’s stock after buying an additional 2,477 shares during the period. HighTower Advisors LLC’s holdings in Grid Dynamics were worth $323,000 as of its most recent filing with the SEC. Other large investors have also recently bought and sold shares of the company.
Wellington Management Group LLP boosted its holdings in shares of Grid Dynamics by 30.9% during the third quarter. Wellington Management Group LLP now owns 2,859,808 shares of the company’s stock worth $40,037,000 after acquiring an additional 675,419 shares during the period.
State Street Corp boosted its stake in Grid Dynamics by 0.5% in the 3rd quarter. State Street Corp now owns 1,446,130 shares of the company’s stock valued at $20,246,000 after purchasing an additional 6,938 shares during the period.
Geode Capital Management LLC boosted its stake in Grid Dynamics by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,381,429 shares of the company’s stock valued at $19,344,000 after purchasing an additional 17,763 shares during the period.
Lord Abbett & CO. LLC acquired a new position in Grid Dynamics in the 3rd quarter valued at $8,589,000. Finally, Charles Schwab Investment Management Inc.
increased its position in Grid Dynamics by 8.9% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 505,596 shares of the company’s stock worth $11,244,000 after buying an additional 41,390 shares during the period. 71.18% of the stock is owned by institutional investors.
Grid Dynamics Trading Down 0.8 %NASDAQ GDYN opened at $15.52 on Wednesday.
Grid Dynamics Holdings, Inc. has a 1 year low of $9.07 and a 1 year high of $25.
50. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 388.
00 and a beta of 1.10. The firm’s 50 day simple moving average is $19.
74 and its 200 day simple moving average is $18.40. Grid Dynamics (NASDAQ:GDYN – Get Free Report) last issued its quarterly earnings results on Thursday, February 20th.
The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.
06). Grid Dynamics had a net margin of 1.15% and a negative return on equity of 0.
33%. The business had revenue of $100.28 million during the quarter, compared to the consensus estimate of $96.
00 million. On average, equities research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.
18 earnings per share for the current year. Analyst Upgrades and DowngradesSeparately, Needham & Company LLC boosted their target price on shares of Grid Dynamics from $25.00 to $30.
00 and gave the company a “buy” rating in a research report on Friday, February 21st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Grid Dynamics has a consensus rating of “Buy” and a consensus target price of $19.
60.Read Our Latest Analysis on GDYNInsider Buying and Selling at Grid DynamicsIn other Grid Dynamics news, COO Yury Gryzlov sold 10,306 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $18.
66, for a total transaction of $192,309.96. Following the sale, the chief operating officer now owns 482,759 shares of the company’s stock, valued at approximately $9,008,282.
94. The trade was a 2.09 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Anil Doradla sold 2,000 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $24.
09, for a total value of $48,180.00. Following the completion of the transaction, the chief financial officer now owns 341,012 shares of the company’s stock, valued at $8,214,979.
08. The trade was a 0.58 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Insiders have sold a total of 19,306 shares of company stock worth $376,590 over the last 90 days. Insiders own 7.
20% of the company’s stock. 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.
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