205,000 Shares in Gridsum Holding Inc – (GSUM) Acquired by Myriad Asset Management Ltd.

Myriad Asset Management Ltd. acquired a new position in shares of Gridsum Holding Inc – (NASDAQ:GSUM) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 205,000 shares of the technology company’s stock, valued at approximately $606,000.

Separately, Prudential PLC bought a new position in shares of Gridsum in the 4th quarter worth about $1,134,000. 34.03% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine downgraded shares of Gridsum from a “buy” rating to a “hold” rating in a research report on Monday.

Shares of Gridsum stock traded up $0.04 during trading hours on Wednesday, reaching $3.62. The company’s stock had a trading volume of 5,524 shares, compared to its average volume of 44,301. Gridsum Holding Inc – has a one year low of $1.29 and a one year high of $7.05.

Gridsum (NASDAQ:GSUM) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported ($0.68) earnings per share (EPS) for the quarter. The firm had revenue of $16.66 million for the quarter.

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Gridsum Company Profile

Gridsum Holding Inc provides data analysis software for enterprises and government agencies in China. Its proprietary distributed data architecture allows its customers to collect and analyze information; and Gridsum Big Data platform and Gridsum Prophet performs multi-dimensional correlation analysis and analyzes complex real-time events.

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Institutional Ownership by Quarter for Gridsum (NASDAQ:GSUM)

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