Mount Yale Investment Advisors LLC Makes New $141,000 Investment in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Mount Yale Investment Advisors LLC acquired a new position in shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,429 shares of the company’s stock, valued at approximately $141,000.

A number of other large investors have also recently made changes to their positions in GDYN. Mirador Capital Partners LP lifted its stake in Grid Dynamics by 0.8% in the second quarter. Mirador Capital Partners LP now owns 123,399 shares of the company’s stock worth $1,297,000 after acquiring an additional 954 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Grid Dynamics by 1.7% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 106,498 shares of the company’s stock worth $1,119,000 after purchasing an additional 1,735 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Grid Dynamics by 21.3% during the second quarter. Harbor Capital Advisors Inc. now owns 10,073 shares of the company’s stock worth $106,000 after purchasing an additional 1,770 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Grid Dynamics by 8.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,546 shares of the company’s stock valued at $314,000 after buying an additional 1,985 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Grid Dynamics by 17.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,919 shares of the company’s stock valued at $188,000 after buying an additional 2,673 shares in the last quarter. 71.18% of the stock is currently owned by hedge funds and other institutional investors.

Grid Dynamics Trading Up 1.5 %

Shares of GDYN opened at $13.80 on Wednesday. The company’s 50 day simple moving average is $13.30 and its 200-day simple moving average is $11.63. The firm has a market cap of $1.06 billion, a PE ratio of 460.00 and a beta of 1.06. Grid Dynamics Holdings, Inc. has a 12-month low of $9.07 and a 12-month high of $14.70.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. Grid Dynamics had a negative net margin of 0.37% and a positive return on equity of 1.05%. The company had revenue of $83.04 million for the quarter, compared to the consensus estimate of $81.06 million. During the same period last year, the firm posted $0.09 EPS. Grid Dynamics’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that Grid Dynamics Holdings, Inc. will post 0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. TD Cowen raised Grid Dynamics from a “hold” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $16.00 in a research report on Friday, August 2nd. Cantor Fitzgerald raised Grid Dynamics to a “strong-buy” rating in a report on Monday, August 12th. Needham & Company LLC raised their price objective on shares of Grid Dynamics from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Grid Dynamics from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, Citigroup cut their price target on shares of Grid Dynamics from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Grid Dynamics currently has a consensus rating of “Buy” and an average target price of $15.67.

Insider Buying and Selling at Grid Dynamics

In other Grid Dynamics news, major shareholder Teamsun Technology Co. Beijing sold 913,387 shares of Grid Dynamics stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $12.80, for a total value of $11,691,353.60. Following the transaction, the insider now directly owns 13,889,183 shares in the company, valued at approximately $177,781,542.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Grid Dynamics news, major shareholder Teamsun Technology Co. Beijing sold 913,387 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $12.80, for a total transaction of $11,691,353.60. Following the completion of the transaction, the insider now owns 13,889,183 shares in the company, valued at approximately $177,781,542.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Leonard Livschitz sold 10,000 shares of Grid Dynamics stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $10.38, for a total transaction of $103,800.00. Following the completion of the sale, the chief executive officer now directly owns 3,565,901 shares in the company, valued at approximately $37,014,052.38. The disclosure for this sale can be found here. Insiders sold a total of 954,387 shares of company stock valued at $12,176,954 in the last ninety days. Insiders own 7.40% of the company’s stock.

Grid Dynamics Company 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.