16,305 Shares in Grid Dynamics Holdings, Inc. $GDYN Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,305 shares of the company’s stock, valued at approximately $188,000.

Other hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in shares of Grid Dynamics by 28,150.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,695 shares of the company’s stock worth $27,000 after buying an additional 1,689 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Grid Dynamics by 199.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company’s stock worth $36,000 after acquiring an additional 1,526 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Grid Dynamics in the 2nd quarter worth approximately $117,000. Cetera Investment Advisers raised its holdings in Grid Dynamics by 29.3% in the 1st quarter. Cetera Investment Advisers now owns 11,639 shares of the company’s stock valued at $182,000 after acquiring an additional 2,640 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Grid Dynamics during the 1st quarter worth $183,000. 71.18% of the stock is owned by institutional investors and hedge funds.

Grid Dynamics Price Performance

Shares of NASDAQ:GDYN opened at $8.15 on Wednesday. The business has a 50-day moving average of $8.09 and a two-hundred day moving average of $9.86. The firm has a market capitalization of $690.87 million, a PE ratio of 54.33 and a beta of 1.07. Grid Dynamics Holdings, Inc. has a 12 month low of $7.37 and a 12 month high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last issued its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) 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 business had revenue of $104.16 million during the quarter, compared to analysts’ expectations of $103.64 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. Grid Dynamics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, research analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on GDYN. Zacks Research raised Grid Dynamics from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. decreased their price target on Grid Dynamics from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Jefferies Financial Group assumed coverage on Grid Dynamics in a report on Monday, September 22nd. They issued a “buy” rating and a $11.00 price target for the company. Needham & Company LLC cut their price objective on shares of Grid Dynamics from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Grid Dynamics in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.33.

About Grid Dynamics

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.