Key Points
- Grid Dynamics CFO Anil Doradla sold 20,000 shares at an average price of $10.51, generating $210,200. The Rule 10b5-1 transaction reduced his holdings by 5.07% to 374,509 shares.
- The company’s latest quarter exceeded expectations, with earnings of $0.18 per share versus a $0.13 consensus estimate and revenue of $114.29 million versus $112.77 million expected.
- GDYN shares have surged 40.8%, while analyst opinions remain mixed: JPMorgan, TD Cowen, and Needham raised price targets, but the consensus rating is Hold with an $11.80 target, below the stock’s reported $13.36 price.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) COO Yury Gryzlov sold 10,512 shares of Grid Dynamics stock in a transaction on Friday, October 30th. The stock was sold at an average price of $10.51, for a total transaction of $110,481.12. Following the completion of the transaction, the chief operating officer directly owned 484,778 shares in the company, valued at $5,095,016.78. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Yury Gryzlov also recently made the following trade(s):
- On Thursday, October 8th, Yury Gryzlov sold 4,849 shares of Grid Dynamics stock. The stock was sold at an average price of $8.00, for a total value of $38,792.00.
- On Friday, October 2nd, Yury Gryzlov sold 1,245 shares of Grid Dynamics stock. The shares were sold at an average price of $8.46, for a total value of $10,532.70.
- On Thursday, September 3rd, Yury Gryzlov sold 3,918 shares of Grid Dynamics stock. The shares were sold at an average price of $8.00, for a total value of $31,344.00.
- On Tuesday, August 18th, Yury Gryzlov sold 467 shares of Grid Dynamics stock. The stock was sold at an average price of $7.53, for a total value of $3,516.51.
- On Thursday, August 13th, Yury Gryzlov sold 3,930 shares of Grid Dynamics stock. The stock was sold at an average price of $8.00, for a total value of $31,440.00.
Grid Dynamics Price Performance
Shares of GDYN stock opened at $13.36 on Friday. The stock's fifty day moving average price is $8.12 and its 200 day moving average price is $6.99. Grid Dynamics Holdings, Inc. has a 1-year low of $5.11 and a 1-year high of $13.39. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 148.44 and a beta of 0.97.
Grid Dynamics (NASDAQ:GDYN - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.05. The company had revenue of $114.29 million during the quarter, compared to analysts' expectations of $112.77 million. Grid Dynamics had a return on equity of 3.23% and a net margin of 1.81%. As a group, equities research analysts anticipate that Grid Dynamics Holdings, Inc. will post 0.20 earnings per share for the current year.
Grid Dynamics News Roundup
Here are the key news stories impacting Grid Dynamics this week:
- Positive Sentiment: Q3 earnings and revenue exceeded expectations. Grid Dynamics reported adjusted earnings of $0.18 per share, above the $0.12–$0.13 consensus range and up from $0.09 a year earlier. Revenue reached $114.29 million, topping the $112.77 million estimate. Grid Dynamics Q3 earnings report
- Positive Sentiment: Record quarterly performance and constructive guidance supported the rally. Company coverage characterized the quarter as a record result, while management’s outlook for the next quarter was described as optimistic, reinforcing expectations for continued growth. Grid Dynamics record third-quarter results
- Positive Sentiment: TD Cowen raised its price target and initiated a Buy recommendation. The firm increased its target from $9 to $13, signaling improved confidence in Grid Dynamics’ earnings and growth prospects. TD Cowen analyst recommendation
- Positive Sentiment: The company launched a business process consulting practice. The new offering could broaden Grid Dynamics’ services and create additional opportunities to win enterprise transformation work. Grid Dynamics consulting practice launch
- Neutral Sentiment: Despite the Buy rating, TD Cowen’s $13 target is slightly below the stock’s current trading level, indicating that much of the near-term optimism may already be reflected in the shares.
- Negative Sentiment: Grid Dynamics remains richly valued relative to reported profitability, with a very high price-to-earnings ratio and a net margin below 1%, leaving the stock sensitive to any slowdown in growth or weaker future guidance.
Institutional Trading of Grid Dynamics
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bastion Asset Management Inc. acquired a new position in shares of Grid Dynamics in the first quarter valued at about $6,899,000. Squarepoint Ops LLC purchased a new position in shares of Grid Dynamics in the second quarter worth about $2,702,000. Summit Creek Advisors LLC purchased a new position in shares of Grid Dynamics in the second quarter worth about $2,452,000. Bank of America Corp DE raised its stake in shares of Grid Dynamics by 76.4% in the first quarter. Bank of America Corp DE now owns 364,342 shares of the company's stock worth $2,077,000 after purchasing an additional 157,767 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Grid Dynamics by 2.4% during the first quarter. Principal Financial Group Inc. now owns 323,773 shares of the company's stock worth $1,846,000 after purchasing an additional 7,548 shares during the period. Institutional investors and hedge funds own 71.18% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Needham & Company LLC increased their price objective on shares of Grid Dynamics from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Friday. TD Cowen boosted their target price on shares of Grid Dynamics from $9.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday. Zacks Research downgraded shares of Grid Dynamics from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 15th. JPMorgan Chase & Co. upped their price target on shares of Grid Dynamics from $8.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Grid Dynamics in a report on Thursday. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $11.80.
Read Our Latest Report on Grid Dynamics
Grid Dynamics Company Profile
(
Get Free Report)
Grid Dynamics Holdings, Inc (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises modernize their technology infrastructure and develop data-driven products. Its services include software engineering, cloud computing, data engineering, artificial intelligence and machine learning, user experience design, and application modernization.
The company develops and implements technology solutions for industries including retail and consumer packaged goods, financial services, manufacturing, healthcare, and technology.
Further Reading
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