Grid Dynamics Holdings, Inc. $GDYN Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 2,552,386 shares of the company’s stock after selling 60,937 shares during the period. Loomis Sayles & Co. L P’s holdings in Grid Dynamics were worth $29,480,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Jennison Associates LLC grew its position in Grid Dynamics by 7.1% in the second quarter. Jennison Associates LLC now owns 1,966,828 shares of the company’s stock valued at $22,717,000 after acquiring an additional 129,961 shares in the last quarter. Next Century Growth Investors LLC lifted its holdings in Grid Dynamics by 10.8% during the 1st quarter. Next Century Growth Investors LLC now owns 1,798,071 shares of the company’s stock worth $28,140,000 after buying an additional 175,845 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Grid Dynamics by 7.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,639,992 shares of the company’s stock valued at $18,944,000 after buying an additional 107,495 shares during the period. Fourth Sail Capital LP raised its position in shares of Grid Dynamics by 58.5% during the 2nd 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 during the period. Finally, William Blair Investment Management LLC lifted its stake in Grid Dynamics by 4.9% in the second quarter. William Blair Investment Management LLC now owns 1,456,824 shares of the company’s stock valued at $16,826,000 after buying an additional 67,781 shares during the last quarter. Hedge funds and other institutional investors own 71.18% of the company’s stock.

Grid Dynamics Trading Up 1.0%

Shares of NASDAQ:GDYN opened at $8.76 on Friday. The business has a 50-day moving average price of $8.23 and a two-hundred day moving average price of $9.58. Grid Dynamics Holdings, Inc. has a 1-year low of $7.37 and a 1-year high of $25.50. The stock has a market capitalization of $742.16 million, a P/E ratio of 58.37 and a beta of 1.07.

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

Wall Street Analysts Forecast Growth

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

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.