Rice Hall James & Associates LLC Has $909,000 Stock Holdings in Grid Dynamics Holdings, Inc. $GDYN

Rice Hall James & Associates LLC reduced its stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 32.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 117,940 shares of the company’s stock after selling 56,099 shares during the period. Rice Hall James & Associates LLC owned 0.14% of Grid Dynamics worth $909,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Grid Dynamics by 8.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,063 shares of the company’s stock worth $186,000 after purchasing an additional 1,302 shares in the last quarter. Corebridge Financial Inc. raised its stake in Grid Dynamics by 5.2% during the 1st quarter. Corebridge Financial Inc. now owns 32,159 shares of the company’s stock worth $503,000 after buying an additional 1,583 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in Grid Dynamics by 13.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 14,833 shares of the company’s stock worth $171,000 after acquiring an additional 1,802 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Grid Dynamics by 8.9% in the second quarter. State of Alaska Department of Revenue now owns 37,210 shares of the company’s stock worth $429,000 after acquiring an additional 3,032 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Grid Dynamics by 10.9% in the second quarter. The Manufacturers Life Insurance Company now owns 34,513 shares of the company’s stock valued at $399,000 after acquiring an additional 3,406 shares during the period. Institutional investors and hedge funds own 71.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GDYN. Needham & Company LLC decreased their price objective on Grid Dynamics from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Grid Dynamics in a research report on Wednesday. Jefferies Financial Group assumed coverage on shares of Grid Dynamics in a report on Monday, September 22nd. They set a “buy” rating and a $11.00 price objective on the stock. Zacks Research raised shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Grid Dynamics from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.33.

Insider Buying and Selling

In other Grid Dynamics news, CFO Anil Doradla sold 4,368 shares of Grid Dynamics stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $10.00, for a total transaction of $43,680.00. Following the transaction, the chief financial officer owned 344,852 shares of the company’s stock, valued at $3,448,520. This trade represents a 1.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.50% of the company’s stock.

Grid Dynamics Trading Up 0.1%

Shares of NASDAQ:GDYN opened at $9.28 on Friday. The stock has a market cap of $786.66 million, a PE ratio of 61.87 and a beta of 0.85. The stock’s fifty day simple moving average is $8.83 and its two-hundred day simple moving average is $9.10. Grid Dynamics Holdings, Inc. has a 1-year low of $7.37 and a 1-year high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last posted its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. Grid Dynamics had a net margin of 3.42% and a return on equity of 1.74%. The firm had revenue of $104.16 million during the quarter, compared to analyst estimates of $103.64 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue was up 19.1% compared to the same quarter last year. On average, sell-side analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Grid Dynamics Profile

Grid Dynamics (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises accelerate their digital transformation initiatives. The company specializes in designing and implementing scalable, cloud-native solutions that leverage advanced analytics, machine learning and artificial intelligence to optimize operations, enhance customer experiences and drive revenue growth. Its technology expertise spans e-commerce platforms, modern data architectures, DevOps and automation, as well as custom application development across a range of industries including retail, financial services, high tech and automotive.

Key service offerings include cloud migration and modernization, data engineering and analytics, AI/ML-driven insights, digital commerce and omnichannel solutions.