Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) has earned an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $11.00.

GDYN has been the subject of several research reports. JPMorgan Chase & Co. dropped their price target on Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday. Needham & Company LLC reduced their target price on shares of Grid Dynamics from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Grid Dynamics in a research note on Wednesday, December 24th.

Grid Dynamics Trading Up 7.5%

NASDAQ:GDYN opened at $7.00 on Thursday. The stock has a 50 day moving average of $8.62 and a two-hundred day moving average of $8.35. Grid Dynamics has a 12 month low of $6.16 and a 12 month high of $25.50. The firm has a market cap of $593.39 million, a P/E ratio of 46.67 and a beta of 0.82.

Insider Buying and Selling at Grid Dynamics

In related news, CFO Anil Doradla sold 4,368 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $10.00, for a total value of $43,680.00. Following the completion of the sale, the chief financial officer owned 344,852 shares of the company’s stock, valued at approximately $3,448,520. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Grid Dynamics

Several large investors have recently added to or reduced their stakes in GDYN. Wellington Management Group LLP raised its holdings in shares of Grid Dynamics by 20.8% during the 4th quarter. Wellington Management Group LLP now owns 2,356,779 shares of the company’s stock worth $21,282,000 after acquiring an additional 405,381 shares during the period. Millennium Management LLC acquired a new stake in Grid Dynamics during the fourth quarter worth about $359,000. Engineers Gate Manager LP purchased a new position in Grid Dynamics during the fourth quarter worth about $200,000. AQR Capital Management LLC acquired a new position in Grid Dynamics in the 4th quarter valued at about $165,000. Finally, Olympiad Research LP purchased a new stake in shares of Grid Dynamics in the 4th quarter valued at approximately $97,000. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Grid Dynamics Company 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.