Gridsum (NASDAQ:GSUM) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Thursday.

Shares of Gridsum (NASDAQ:GSUM) traded up $0.20 during trading on Thursday, hitting $11.78. The stock had a trading volume of 1,224,250 shares, compared to its average volume of 546,036. Gridsum has a twelve month low of $6.76 and a twelve month high of $13.94. The firm has a market capitalization of $361.69 and a price-to-earnings ratio of -9.28.

Several hedge funds and other institutional investors have recently made changes to their positions in GSUM. FIL Ltd purchased a new stake in shares of Gridsum during the second quarter valued at $7,668,000. Quentec Asset Management LLC lifted its holdings in shares of Gridsum by 30.7% during the second quarter. Quentec Asset Management LLC now owns 1,017,342 shares of the technology company’s stock valued at $8,709,000 after purchasing an additional 238,964 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Gridsum by 10.3% during the second quarter. Wells Fargo & Company MN now owns 1,266,200 shares of the technology company’s stock valued at $10,839,000 after purchasing an additional 118,000 shares during the last quarter. Matthews International Capital Management LLC lifted its holdings in shares of Gridsum by 30.4% during the second quarter. Matthews International Capital Management LLC now owns 467,447 shares of the technology company’s stock valued at $4,001,000 after purchasing an additional 108,984 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Gridsum during the second quarter valued at $226,000. 35.68% of the stock is owned by institutional investors and hedge funds.

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Gridsum Company Profile

Gridsum Holding Inc is a holding company. The Company provides data analysis software for multinational and domestic enterprises, and government agencies in China. The Company’s technology, the Gridsum Big Data Platform performs multi-dimensional correlation analysis and analyzes real-time events. The Company offers various types of solutions and technologies.

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