Pacer Advisors Inc. Buys New Stake in Grid Dynamics Holdings, Inc. $GDYN

Pacer Advisors Inc. purchased a new stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 155,450 shares of the company’s stock, valued at approximately $1,199,000. Pacer Advisors Inc. owned approximately 0.18% of Grid Dynamics at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in Grid Dynamics by 12.4% during the first quarter. Goldman Sachs Group Inc. now owns 319,186 shares of the company’s stock worth $4,995,000 after purchasing an additional 35,204 shares during the last quarter. Axiom Investors LLC DE acquired a new stake in Grid Dynamics during the first quarter worth approximately $3,876,000. Fourth Sail Capital LP raised its holdings in Grid Dynamics by 58.5% during the second quarter. Fourth Sail Capital LP now owns 1,623,562 shares of the company’s stock worth $18,752,000 after purchasing an additional 599,293 shares in the last quarter. Taylor Frigon Capital Management LLC lifted its position in shares of Grid Dynamics by 37.6% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 195,621 shares of the company’s stock worth $2,259,000 after buying an additional 53,484 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Grid Dynamics in the 1st quarter valued at $1,472,000. 71.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GDYN has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grid Dynamics in a research note on Wednesday, December 24th. Needham & Company LLC cut their target price on Grid Dynamics from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. JPMorgan Chase & Co. reduced their target price on Grid Dynamics from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Jefferies Financial Group started coverage on Grid Dynamics in a research report on Monday, September 22nd. They issued a “buy” rating and a $11.00 target price for the company. Finally, Zacks Research raised Grid Dynamics from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.33.

Insider Transactions at Grid Dynamics

In other Grid Dynamics news, CFO Anil Doradla sold 4,368 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer owned 344,852 shares in the company, valued at approximately $3,448,520. This represents a 1.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.50% of the company’s stock.

Grid Dynamics Stock Down 1.6%

NASDAQ GDYN opened at $9.03 on Friday. The firm has a market cap of $765.47 million, a P/E ratio of 60.20 and a beta of 0.82. Grid Dynamics Holdings, Inc. has a 52-week low of $7.37 and a 52-week high of $25.50. The business’s 50-day moving average price is $8.92 and its 200 day moving average price is $9.04.

Grid Dynamics (NASDAQ:GDYN) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. Grid Dynamics had a return on equity of 1.74% and a net margin of 3.42%.The company had revenue of $104.16 million during the quarter, compared to analysts’ expectations of $103.64 million. During the same period last year, the firm earned $0.14 EPS. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. As a group, analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.

About Grid Dynamics

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.