Wisconsin Capital Management LLC Takes $222,000 Position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Wisconsin Capital Management LLC bought a new position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $222,000.

Several other institutional investors also recently bought and sold shares of GDYN. MCF Advisors LLC boosted its position in Grid Dynamics by 65.8% in the 4th quarter. MCF Advisors LLC now owns 1,864 shares of the company’s stock worth $41,000 after purchasing an additional 740 shares in the last quarter. FMR LLC boosted its holdings in Grid Dynamics by 38.7% during the third quarter. FMR LLC now owns 2,873 shares of the company’s stock worth $40,000 after buying an additional 801 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Grid Dynamics by 10.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 10,903 shares of the company’s stock valued at $242,000 after buying an additional 1,036 shares during the period. Global Retirement Partners LLC purchased a new position in Grid Dynamics in the fourth quarter valued at $27,000. Finally, Arizona State Retirement System increased its holdings in Grid Dynamics by 7.6% in the fourth quarter. Arizona State Retirement System now owns 17,785 shares of the company’s stock valued at $396,000 after buying an additional 1,260 shares in the last quarter. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC raised their target price on Grid Dynamics from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $19.60.

Insider Buying and Selling

In other news, COO Yury Gryzlov sold 10,306 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $18.66, for a total value of $192,309.96. Following the transaction, the chief operating officer now directly owns 482,759 shares of the company’s stock, valued at approximately $9,008,282.94. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Anil Doradla sold 2,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $24.09, for a total transaction of $48,180.00. Following the sale, the chief financial officer now directly owns 341,012 shares of the company’s stock, valued at approximately $8,214,979.08. This represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,306 shares of company stock worth $376,590. 7.20% of the stock is owned by corporate insiders.

Grid Dynamics Stock Down 0.8 %

GDYN stock opened at $15.52 on Wednesday. Grid Dynamics Holdings, Inc. has a 52 week low of $9.07 and a 52 week high of $25.50. The firm has a 50-day simple moving average of $19.74 and a 200-day simple moving average of $18.40. The stock has a market capitalization of $1.30 billion, a P/E ratio of 388.00 and a beta of 1.10.

Grid Dynamics (NASDAQ:GDYN) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%. The firm had revenue of $100.28 million during the quarter, compared to analyst estimates of $96.00 million. On average, analysts expect that Grid Dynamics Holdings, Inc. will post 0.18 earnings per share for the current 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.