Grid Dynamics (NASDAQ:GDYN) Announces Earnings Results

Grid Dynamics (NASDAQ:GDYN) issued its earnings results on Thursday. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06), Zacks reports. Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%. The business had revenue of $100.28 million for the quarter, compared to analyst estimates of $96.00 million. Grid Dynamics updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Grid Dynamics Stock Up 4.3 %

Shares of NASDAQ GDYN traded up $0.89 during trading on Friday, reaching $21.37. The company had a trading volume of 2,655,625 shares, compared to its average volume of 688,999. The stock has a market cap of $1.76 billion, a P/E ratio of 534.25 and a beta of 1.01. The company’s fifty day moving average price is $21.64 and its 200-day moving average price is $17.62. Grid Dynamics has a 12 month low of $9.07 and a 12 month high of $25.50.

Wall Street Analyst Weigh In

Several brokerages recently commented on GDYN. JPMorgan Chase & Co. increased their price objective on shares of Grid Dynamics from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. 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. Citigroup raised their price objective on Grid Dynamics from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Needham & Company LLC upped their target price on Grid Dynamics from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Grid Dynamics currently has a consensus rating of “Buy” and an average target price of $19.17.

Insider Transactions at Grid Dynamics

In related news, CFO Anil Doradla sold 3,000 shares of Grid Dynamics stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $22.12, for a total transaction of $66,360.00. Following the completion of the transaction, the chief financial officer now owns 343,012 shares of the company’s stock, valued at $7,587,425.44. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 8,000 shares of company stock worth $171,780 over the last ninety days. 7.20% of the stock is owned by 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.