Universal Beteiligungs und Servicegesellschaft mbH Takes $1.07 Million Position in Grid Dynamics Holdings, Inc. $GDYN

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 92,478 shares of the company’s stock, valued at approximately $1,068,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GDYN. Nuveen LLC bought a new position in Grid Dynamics in the 1st quarter worth approximately $19,977,000. Fourth Sail Capital LP lifted its holdings in shares of Grid Dynamics by 58.5% in the second quarter. Fourth Sail Capital LP now owns 1,623,562 shares of the company’s stock worth $18,752,000 after buying an additional 599,293 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Grid Dynamics by 72.7% during the first quarter. American Century Companies Inc. now owns 1,073,327 shares of the company’s stock worth $16,798,000 after acquiring an additional 451,862 shares during the last quarter. Axiom Investors LLC DE purchased a new position in Grid Dynamics during the first quarter valued at $3,876,000. Finally, Lord Abbett & CO. LLC increased its holdings in Grid Dynamics by 27.7% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,067,454 shares of the company’s stock valued at $16,706,000 after acquiring an additional 231,598 shares during the last quarter. Institutional investors own 71.18% of the company’s stock.

Wall Street Analysts Forecast Growth

GDYN has been the topic of several research reports. Zacks Research raised Grid Dynamics from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Jefferies Financial Group initiated coverage on Grid Dynamics in a research note on Monday, September 22nd. They issued a “buy” rating and a $11.00 price objective on the stock. Needham & Company LLC decreased their price objective on Grid Dynamics from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. cut their target price 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. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Grid Dynamics in a research report on Wednesday, October 8th. Three 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.33.

Grid Dynamics Stock Performance

Shares of Grid Dynamics stock opened at $8.67 on Thursday. The stock has a market cap of $734.96 million, a price-to-earnings ratio of 57.80 and a beta of 1.07. The stock has a 50 day moving average price of $8.19 and a 200-day moving average price of $9.67. Grid Dynamics Holdings, Inc. has a one year low of $7.37 and a one year high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly 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. The company had revenue of $104.16 million during the quarter, compared to the consensus estimate of $103.64 million. Grid Dynamics had a return on equity of 1.74% and a net margin of 3.42%.Grid Dynamics’s revenue was up 19.1% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. Grid Dynamics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts predict that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

Grid Dynamics Profile

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.