FY2026 EPS Estimate for Grid Dynamics Decreased by Analyst

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) - Research analysts at William Blair reduced their FY2026 earnings per share estimates for Grid Dynamics in a report released on Thursday, March 6th. William Blair analyst M. Nolan now expects that the company will post earnings of $0.12 per share for the year, down from their previous forecast of $0.17. The consensus estimate for Grid Dynamics' current full-year earnings is $0.18 per share.

Separately, Needham & Company LLC boosted their target price on shares of Grid Dynamics from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $19.17.

Grid Dynamics Stock Performance

Shares of GDYN stock traded down $0.39 during trading hours on Monday, hitting $16.34. The company had a trading volume of 548,796 shares, compared to its average volume of 550,104. The firm's fifty day moving average is $21.05 and its 200 day moving average is $18.12. Grid Dynamics has a 12 month low of $9.07 and a 12 month high of $25.50. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 408.38 and a beta of 1.10.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.06). The business had revenue of $100.28 million for the quarter, compared to the consensus estimate of $96.00 million. Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%.

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Institutional Investors Weigh In On Grid Dynamics

Several institutional investors have recently modified their holdings of GDYN. Lord Abbett & CO. LLC acquired a new position in shares of Grid Dynamics during the 3rd quarter worth about $8,589,000. SG Americas Securities LLC bought a new position in Grid Dynamics during the fourth quarter worth about $242,000. Barclays PLC grew its stake in Grid Dynamics by 173.8% in the third quarter. Barclays PLC now owns 111,182 shares of the company's stock valued at $1,556,000 after acquiring an additional 70,579 shares during the period. Wellington Management Group LLP increased its holdings in shares of Grid Dynamics by 30.9% in the third quarter. Wellington Management Group LLP now owns 2,859,808 shares of the company's stock worth $40,037,000 after acquiring an additional 675,419 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Grid Dynamics by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,381,429 shares of the company's stock worth $19,344,000 after purchasing an additional 17,763 shares during the period. Institutional investors and hedge funds own 71.18% of the company's stock.

Insider Activity at Grid Dynamics

In other news, CFO Anil Doradla sold 2,000 shares of Grid Dynamics stock in a transaction on Friday, February 7th. The stock was sold at an average price of $24.09, for a total value of $48,180.00. Following the completion of the sale, the chief financial officer now directly owns 341,012 shares of the company's stock, valued at approximately $8,214,979.08. This trade represents a 0.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Yury Gryzlov sold 10,306 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $18.66, for a total value of $192,309.96. Following the transaction, the chief operating officer now directly owns 482,759 shares in the company, valued at $9,008,282.94. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,306 shares of company stock valued at $343,050 over the last quarter. Corporate insiders own 7.20% of the company's stock.

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.