Grid Dynamics (NASDAQ:GDYN) Issues Quarterly Earnings Results

Grid Dynamics (NASDAQ:GDYN) released its quarterly earnings data on Thursday. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06), Zacks reports. The company had revenue of $100.28 million during the quarter, compared to analysts’ expectations of $96.00 million. Grid Dynamics had a net margin of 0.74% and a return on equity of 0.15%. Grid Dynamics updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Grid Dynamics Stock Performance

Grid Dynamics stock traded up $1.51 during trading hours on Friday, hitting $21.99. 1,612,402 shares of the stock were exchanged, compared to its average volume of 742,653. Grid Dynamics has a 12 month low of $9.07 and a 12 month high of $25.50. The business’s 50-day moving average is $21.60 and its two-hundred day moving average is $17.57. The stock has a market capitalization of $1.81 billion, a P/E ratio of 734.91 and a beta of 1.01.

Analyst Upgrades and Downgrades

GDYN has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target 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 upped their price target on Grid Dynamics from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, October 28th. Needham & Company LLC lifted their price objective on shares of Grid Dynamics from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday. Finally, TD Cowen boosted their price target on shares of Grid Dynamics from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Grid Dynamics currently has an average rating of “Buy” and an average price target of $19.17.

Insider Activity

In other Grid Dynamics news, CFO Anil Doradla sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $22.12, for a total value of $66,360.00. Following the transaction, the chief financial officer now directly owns 343,012 shares of the company’s stock, valued at approximately $7,587,425.44. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 8,000 shares of company stock valued at $171,780 over the last three months. 7.20% of the stock is owned by insiders.

About Grid Dynamics

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.