Los Angeles Capital Management LLC has increased its stake in Grid Dynamics Holdings Inc. by 30.4%, according to a recent securities and exchange commission filing. The move has been met with no surprise, given Grid Dynamics' reputation for delivering complex technical consulting solutions and internet service operations, with deep expertise in emerging technologies such as cloud computing, data science, and DevOps. The digital engineering and IT services company had a market capitalization of $839.63 million USD as of May 3, and despite recent bearish trends in the market, analysts remain positive about future growth. Wasatch Advisors Inc. alone increased holdings by 101.7% in Q1 2023, acquiring an additional 2,585,803 shares of the company's stock valued at $72,215,000. The company received several analyst reports in recent months, with Citigroup boosting its target price to $19 and a "buy" rating, while TheStreet downgraded Grid Dynamics from a "c" to a "d+" rating. CEO Leonard Livschitz sold over 70,000 shares in March 2023. Investors are showing a keen interest in Grid Dynamics Holdings due to their expertise in cutting-edge technology innovation and design practices that emphasize lean approaches, which can make businesses more agile in developing innovative digital products.