Grid Dynamics (NASDAQ:GDYN) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

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

Grid Dynamics Stock Performance

NASDAQ GDYN traded down $1.47 on Monday, hitting $19.90. The stock had a trading volume of 1,175,636 shares, compared to its average volume of 786,252. The firm has a 50-day moving average of $21.65 and a 200-day moving average of $17.72. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 497.50 and a beta of 1.01. Grid Dynamics has a 52-week low of $9.07 and a 52-week high of $25.50.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GDYN shares. Needham & Company LLC increased their target price on shares of Grid Dynamics from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Friday. Citigroup increased their target price on shares of Grid Dynamics from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Monday, October 28th. TD Cowen increased their target price on shares of Grid Dynamics from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their target price 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. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $19.17.

Insider Transactions at Grid Dynamics

In other news, CFO Anil Doradla sold 3,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $19.08, for a total value of $57,240.00. Following the transaction, the chief financial officer now owns 373,282 shares of the company's stock, valued at $7,122,220.56. This represents a 0.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 8,000 shares of company stock valued at $171,780 in the last quarter. Insiders own 7.20% of the company's stock.

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.