Grid Dynamics (NASDAQ:GDYN - Get Free Report) will likely be releasing its earnings data after the market closes on Thursday, February 20th. Analysts expect Grid Dynamics to post earnings of $0.10 per share and revenue of $96.00 million for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.
Grid Dynamics Trading Down 1.2 %
NASDAQ:GDYN traded down $0.28 during trading hours on Tuesday, hitting $22.25. The company had a trading volume of 98,895 shares, compared to its average volume of 703,705. Grid Dynamics has a 1 year low of $9.07 and a 1 year high of $24.60. The company has a market cap of $1.83 billion, a P/E ratio of 743.91 and a beta of 1.01. The company has a 50-day moving average of $21.50 and a 200 day moving average of $17.46.
Insider Buying and Selling at Grid Dynamics
In other news, CFO Anil Doradla sold 2,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $24.09, for a total value of $48,180.00. Following the completion of the transaction, the chief financial officer now owns 341,012 shares of the company's stock, valued at $8,214,979.08. The trade was a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 8,000 shares of company stock valued at $171,780. Insiders own 7.20% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on GDYN shares. Citigroup raised their price objective on shares of Grid Dynamics from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Needham & Company LLC raised their target price on Grid Dynamics from $20.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on shares of Grid Dynamics from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, TD Cowen upped their target price on shares of Grid Dynamics from $16.00 to $19.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $18.33.
Read Our Latest Analysis on Grid Dynamics
About Grid Dynamics
(
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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.
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