BlackRock Amends Passive Stake in Grid Dynamics Holdings

Ticker: GDYN · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock still owns Grid Dynamics stock, filing an update as a passive investor.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Common Stock in GRID DYNAMICS HOLDINGS, INC. as of December 31, 2023. This filing, Amendment No. 3, updates previous disclosures about BlackRock's passive investment in the company. For investors, this means a major institutional investor like BlackRock continues to hold a position, which can be seen as a vote of confidence, but the specific percentage of ownership is not detailed in this excerpt, making it hard to gauge the exact impact.

Why It Matters

This filing shows BlackRock, a major institutional investor, continues to hold a position in Grid Dynamics, which can signal stability or confidence to other investors.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company operations.

Analyst Insight

Investors should note BlackRock's continued passive stake as a sign of institutional presence, but this routine amendment itself doesn't warrant immediate action. Further investigation into the actual percentage of ownership would be needed for a more complete picture.

Key Numbers

3 — Amendment Number (This is the third amendment to BlackRock's Schedule 13G filing for Grid Dynamics Holdings, Inc.)

Key Players & Entities

BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
GRID DYNAMICS HOLDINGS, INC. (company) — the subject company whose securities are being reported
December 31, 2023 (date) — the date of the event requiring the filing
January 29, 2024 (date) — the filing date of the SC 13G/A
Amendment No: 3 (number) — the specific amendment number of the filing

Forward-Looking Statements

BlackRock will maintain a passive investment strategy in Grid Dynamics Holdings, Inc. (BlackRock Inc.) — high confidence, target: Next 12 months
No significant change in Grid Dynamics Holdings, Inc.'s stock price will occur solely due to this routine filing. (GRID DYNAMICS HOLDINGS, INC.) — high confidence, target: Next 30 days

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 3)'.

Who is the filer of this SC 13G/A?

The filer of this SC 13G/A is BlackRock Inc., as stated under the 'FILED BY' section and 'COMPANY CONFORMED NAME: BlackRock Inc.'.

What is the subject company whose securities are being reported?

The subject company is GRID DYNAMICS HOLDINGS, INC., as identified under 'SUBJECT COMPANY' and 'Name of Issuer'.

What was the date of the event that required this filing?

The date of the event which required this filing was December 31, 2023, as stated under 'Date of Event Which Requires Filing of this Statement'.

Under which rule is this Schedule 13G filed?

This Schedule 13G is filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)'.

From the Filing

0001086364-24-005114.txt : 20240129 0001086364-24-005114.hdr.sgml : 20240129 20240129152624 ACCESSION NUMBER: 0001086364-24-005114 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GRID DYNAMICS HOLDINGS, INC. CENTRAL INDEX KEY: 0001743725 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 830632724 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90675 FILM NUMBER: 24573098 BUSINESS ADDRESS: STREET 1: 7660 FAY AVENUE STREET 2: SUITE H, UNIT 339 CITY: LA JOLLA STATE: CA ZIP: 92037 BUSINESS PHONE: (619) 736-6855 MAIL ADDRESS: STREET 1: 7660 FAY AVENUE STREET 2: SUITE H, UNIT 339 CITY: LA JOLLA STATE: CA ZIP: 92037 FORMER COMPANY: FORMER CONFORMED NAME: ChaSerg Technology Acquisition Corp DATE OF NAME CHANGE: 20180615 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us39813g1094_012924.txt us39813g1094_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) GRID DYNAMICS HOLDINGS, INC. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 39813G109 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 39813G109 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 4691412 (6) Shared voting power 0 (7) Sole dispositive power 4778376 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 4778376 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- GRID DYNAMICS HOLDINGS, INC. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 7660 FAY AVENUE SUITE H, UNIT 339 LA JOLLA CA 92037 Item 2. 2(a) Name of person filing: ---