Taylor Frigon Capital Management LLC Has $3.77 Million Stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN)

Taylor Frigon Capital Management LLC cut its stake in Grid Dynamics Holdings, Inc. (NASDAQ:GDYN – Get Rating) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,554 shares of the company’s stock after selling 15,849 shares during the period. Grid Dynamics makes up approximately 2.1% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Taylor Frigon Capital Management LLC’s holdings in Grid Dynamics were worth $3,765,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. MCF Advisors LLC bought a new position in shares of Grid Dynamics in the third quarter valued at approximately $31,000. UBS Group AG boosted its holdings in shares of Grid Dynamics by 412.4% in the third quarter. UBS Group AG now owns 2,275 shares of the company’s stock valued at $43,000 after acquiring an additional 1,831 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Grid Dynamics by 64.6% in the third quarter. Parkside Financial Bank & Trust now owns 4,492 shares of the company’s stock valued at $84,000 after acquiring an additional 1,763 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Grid Dynamics by 197.2% during the second quarter. Captrust Financial Advisors now owns 4,619 shares of the company’s stock worth $78,000 after buying an additional 3,065 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Grid Dynamics by 446.0% during the third quarter. Tower Research Capital LLC TRC now owns 5,657 shares of the company’s stock worth $106,000 after buying an additional 4,621 shares in the last quarter. 68.69% of the stock is currently owned by institutional investors.

Insider Activity at Grid Dynamics

In other Grid Dynamics news, CEO Leonard Livschitz sold 74,296 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $11.82, for a total value of $878,178.72. Following the completion of the sale, the chief executive officer now owns 3,274,136 shares in the company, valued at approximately $38,700,287.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.40% of the stock is owned by insiders.

Grid Dynamics Stock Performance

Shares of NASDAQ:GDYN traded down $0.25 during mid-day trading on Friday, hitting $10.02. The stock had a trading volume of 696,575 shares, compared to its average volume of 384,377. The company has a market cap of $749.80 million, a PE ratio of -23.30 and a beta of 0.85. Grid Dynamics Holdings, Inc. has a 12-month low of $9.55 and a 12-month high of $24.27. The company’s 50 day moving average is $12.00 and its 200-day moving average is $13.54.

Grid Dynamics (NASDAQ:GDYN – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The business had revenue of $80.60 million during the quarter, compared to the consensus estimate of $77.65 million. Grid Dynamics had a negative net margin of 9.41% and a positive return on equity of 12.44%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, equities research analysts predict that Grid Dynamics Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Grid Dynamics in a report on Friday, February 24th. TheStreet upgraded shares of Grid Dynamics from a “d+” rating to a “c” rating in a report on Friday, February 24th. JPMorgan Chase & Co. reduced their target price on shares of Grid Dynamics from $18.00 to $17.00 in a report on Thursday, December 15th. Finally, Citigroup raised their target price on shares of Grid Dynamics from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, February 24th.

Grid Dynamics Company Profile

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Grid Dynamics Holdings, Inc provides digital engineering and information technology services. The firm core business is to deliver focused and complex technical consulting, software design, development, testing and internet service operations. It also helps organizations become more agile and create innovative digital products and experiences through its deep expertise in emerging technology, such as AI, data science, cloud computing, big data and DevOps, lean software development practices and a performance product culture.