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.
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.
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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