Grid Dynamics (GDYN) to Release Quarterly Earnings on Thursday

Grid Dynamics (NASDAQ:GDYN) will likely be announcing its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $96.00 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Grid Dynamics Stock Performance

Shares of GDYN opened at $22.52 on Tuesday. Grid Dynamics has a 52-week low of $9.07 and a 52-week high of $24.60. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 750.92 and a beta of 1.01. The business’s fifty day moving average is $21.50 and its 200-day moving average is $17.46.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Grid Dynamics from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Citigroup increased their price objective on shares of Grid Dynamics from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Needham & Company LLC boosted their target price on shares of Grid Dynamics from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, TD Cowen increased their price target on Grid Dynamics from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $18.33.

Insider Buying and Selling at Grid Dynamics

In related news, CFO Anil Doradla sold 3,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $19.08, for a total value of $57,240.00. Following the sale, the chief financial officer now owns 373,282 shares of the company’s stock, valued at $7,122,220.56. The trade was a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 8,000 shares of company stock worth $171,780. 7.20% of the stock is currently owned by company insiders.

Grid Dynamics Company Profile

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale.