Wasatch Advisors Boosts Grid Dynamics Stake to 9.6%
Ticker: GDYN · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, insider-buy, amendment, investment-adviser
TL;DR
**Wasatch Advisors just upped their stake in Grid Dynamics to 9.6%, a bullish sign!**
AI Summary
Wasatch Advisors LP, an investment adviser, has filed an amended SC 13G/A, indicating they now beneficially own 7,256,928 shares of Grid Dynamics Holdings, Inc. Class A stock, representing 9.6% of the company. This is an increase from their previous holdings, demonstrating a significant vote of confidence in Grid Dynamics by a major institutional investor. For current or prospective shareholders, this signals that a professional money manager sees value in the company, potentially indicating positive future performance or stability.
Why It Matters
A large institutional investor increasing its stake suggests confidence in the company's future, which can be a positive signal for other investors and potentially support the stock price.
Risk Assessment
Risk Level: low — This filing indicates an institutional investor is increasing its stake, which is generally a positive signal and reduces perceived risk.
Analyst Insight
A smart investor would view this increased institutional ownership as a positive signal, potentially warranting further research into Grid Dynamics' fundamentals and considering it as a potential buy or hold.
Key Numbers
- 7,256,928 — Shares Owned (Represents the total number of Class A shares of Grid Dynamics Holdings, Inc. beneficially owned by Wasatch Advisors LP.)
- 9.6% — Percent of Class Owned (Indicates the significant portion of Grid Dynamics Holdings, Inc. Class A stock now controlled by Wasatch Advisors LP.)
Key Players & Entities
- Wasatch Advisors LP (company) — the investment adviser reporting beneficial ownership
- Grid Dynamics Holdings, Inc. (company) — the issuer of the securities
- 7,256,928 (dollar_amount) — the aggregate number of Class A shares owned by Wasatch Advisors LP
- 9.6% (dollar_amount) — the percentage of Class A shares owned by Wasatch Advisors LP
Forward-Looking Statements
- The increased institutional ownership by Wasatch Advisors LP could lead to increased investor confidence and potentially a positive short-term impact on Grid Dynamics' stock price. (Grid Dynamics Holdings, Inc.) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Wasatch Advisors LP, an investment adviser registered under section 203 of the Investment Advisers Act of 1940, as stated in Item 1 and Item 3(e) of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is Grid Dynamics Holdings, Inc., as identified in Item 1(a) of the filing.
How many shares of Grid Dynamics Holdings, Inc. Class A stock does Wasatch Advisors LP beneficially own?
Wasatch Advisors LP beneficially owns 7,256,928 shares of Grid Dynamics Holdings, Inc. Class A stock, as detailed in Item 9 and Item 4(a) of the filing.
What percentage of Grid Dynamics Holdings, Inc. Class A stock does Wasatch Advisors LP own?
Wasatch Advisors LP owns 9.6% of the Class A stock of Grid Dynamics Holdings, Inc., as stated in Item 11 and Item 4(b) of the filing.
What type of power does Wasatch Advisors LP have over these shares?
Wasatch Advisors LP has sole voting power over 7,256,928 shares and sole dispositive power over 7,256,928 shares, with no shared voting or dispositive power, as indicated in Items 5-8 and Item 4(c) of the filing.
From the Filing
0000814133-24-000010.txt : 20240209 0000814133-24-000010.hdr.sgml : 20240209 20240209120251 ACCESSION NUMBER: 0000814133-24-000010 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24613396 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: WASATCH ADVISORS LP CENTRAL INDEX KEY: 0000814133 ORGANIZATION NAME: IRS NUMBER: 870319391 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 505 WAKARA WAY STREET 2: 3RD FLOOR CITY: SALT LAKE CITY STATE: UT ZIP: 84108 BUSINESS PHONE: 8015330777 MAIL ADDRESS: STREET 1: 505 WAKARA WAY STREET 2: 3RD FLOOR CITY: SALT LAKE CITY STATE: UT ZIP: 84108 FORMER COMPANY: FORMER CONFORMED NAME: WASATCH ADVISORS INC DATE OF NAME CHANGE: 19990611 SC 13G/A 1 gdyn224.txt SCHEDULE 13G Amendment No. 1 Name of Issuer: Grid Dynamics Holdings, Inc. Title of Class of Securities: Class A CUSIP Number: 39813G109 Item 1: Reporting Person: Wasatch Advisors LP 87-0319391 Item 2: Check Box If Member of Group: Not Applicable Item 3: SEC Use Item 4: Place of Organization: Utah Items 5-8: Number of Shares Owned With: Item 5: Sole Voting Power: 7,256,928 Item 6: Shared Voting Power: 0 Item 7: Sole Dispositive Power: 7,256,928 Item 8: Shared Dispositive Power: 0 Item 9: Aggregate Amount Owned: 7,256,928 Item 10: Check Box If Aggregate Amount Excludes Certain Shares: N/A Item 11: Percent of Class Owned: 9.6% Item 12: Type of Reporting Person: IA Item 1(a): Name of Issuer: Grid Dynamics Holdings, Inc. Item l(b): Address of Issuer: 7660 Fay Avenue, Ste H, La Jolla, CA 92037 Item 2(a): Name of Person Filing: Wasatch Advisors LP Item 2(b): Address: 505 Wakara Way, Salt Lake City, UT 84108 Item 2(c): Citizenship: Not Applicable Item 2(d): Title of Class of Securities: Class A Item 2(e): CUSIP Number: 39813G109 Item 3(e): Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 Item 4(a): Amount Owned: 7,256,928 Item 4(b): Percent of Class Owned: 9.6% Item 4(c)(i): Sole Voting Power: 7,256,928 Item 4(c)(ii): Shared Voting Power: 0 Item 4(c)(iii): Sole Dispositive Power: 7,256,928 Item 4(c)(iv): Shared Dispositive Power: 0 Item 5: Check Box If Ownership Is 5% or Less of Class: [ ] Item 6. Ownership of More Than 5% on Behalf of Another Person: N/A Item 7: Identification of Subsidiary: Not Applicable Item 8: Identification of Members of Group: Not Applicable Item 9: Notice of Dissolution of Group: Not Applicable Item 10: Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as of December 31, 2023. Date: 02/09/24 Signature: /s/JB Taylor Name/Title: JB Taylor/CEO