Parkside Financial Bank & Trust Has $149,000 Position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Parkside Financial Bank & Trust lowered its position in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,719 shares of the company’s stock after selling 766 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Grid Dynamics were worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rice Hall James & Associates LLC bought a new stake in Grid Dynamics in the third quarter valued at approximately $1,751,000. Royce & Associates LP boosted its holdings in Grid Dynamics by 5.9% in the third quarter. Royce & Associates LP now owns 802,101 shares of the company’s stock valued at $11,229,000 after acquiring an additional 44,720 shares during the last quarter. Quest Partners LLC boosted its holdings in Grid Dynamics by 35,544.7% in the third quarter. Quest Partners LLC now owns 16,753 shares of the company’s stock valued at $235,000 after acquiring an additional 16,706 shares during the last quarter. Intech Investment Management LLC bought a new stake in Grid Dynamics in the third quarter valued at approximately $153,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Grid Dynamics by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 464,206 shares of the company’s stock valued at $6,499,000 after acquiring an additional 13,785 shares during the last quarter. Institutional investors and hedge funds own 71.18% of the company’s stock.

Insider Activity

In other news, CFO Anil Doradla sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $22.12, for a total transaction of $66,360.00. Following the transaction, the chief financial officer now owns 343,012 shares in the company, valued at approximately $7,587,425.44. This represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 8,000 shares of company stock worth $171,780. Company insiders own 7.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC upped their target price on Grid Dynamics from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, February 21st. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $19.17.

Grid Dynamics Trading Down 1.5 %

GDYN opened at $18.82 on Friday. The company has a fifty day moving average price of $21.61 and a two-hundred day moving average price of $17.87. Grid Dynamics Holdings, Inc. has a 1-year low of $9.07 and a 1-year high of $25.50. The company has a market cap of $1.55 billion, a P/E ratio of 470.50 and a beta of 1.01.

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

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.