Grid Dynamics (GDYN) to Release Earnings on Thursday

Grid Dynamics (NASDAQ:GDYN - Get Free Report) is set to announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Grid Dynamics has set its Q3 2024 guidance at EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. Grid Dynamics had a positive return on equity of 1.05% and a negative net margin of 0.37%. The firm had revenue of $83.04 million during the quarter, compared to the consensus estimate of $81.06 million. During the same period last year, the company earned $0.09 EPS. The company's quarterly revenue was up 7.4% on a year-over-year basis.

Grid Dynamics Trading Up 0.2 %

NASDAQ GDYN traded up $0.03 during trading hours on Thursday, reaching $15.47. The company had a trading volume of 566,702 shares, compared to its average volume of 328,958. Grid Dynamics has a 1-year low of $9.07 and a 1-year high of $15.73. The stock has a market capitalization of $1.18 billion, a P/E ratio of 512.67 and a beta of 1.06. The stock has a 50-day moving average of $14.15 and a 200 day moving average of $11.99.

Analyst Ratings Changes

GDYN has been the subject of a number of research analyst reports. Citigroup lowered their price objective on shares of Grid Dynamics from $15.00 to $14.00 and set a "buy" rating for the company in a research report on Friday, July 12th. TD Cowen raised Grid Dynamics from a "hold" rating to a "buy" rating and lifted their price objective for the company from $12.00 to $16.00 in a research note on Friday, August 2nd. Needham & Company LLC increased their target price on Grid Dynamics from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. Cantor Fitzgerald raised Grid Dynamics to a "strong-buy" rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Grid Dynamics from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Grid Dynamics has a consensus rating of "Buy" and a consensus price target of $15.67.

Insider Buying and Selling

In other Grid Dynamics news, CEO Leonard Livschitz sold 15,000 shares of the stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $14.56, for a total value of $218,400.00. Following the sale, the chief executive officer now owns 3,460,901 shares of the company's stock, valued at $50,390,718.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Teamsun Technology Co. Beijing sold 913,387 shares of Grid Dynamics stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $12.80, for a total transaction of $11,691,353.60. Following the completion of the sale, the insider now directly owns 13,889,183 shares of the company's stock, valued at approximately $177,781,542.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Leonard Livschitz sold 15,000 shares of the business's stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $14.56, for a total transaction of $218,400.00. Following the transaction, the chief executive officer now owns 3,460,901 shares of the company's stock, valued at approximately $50,390,718.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 961,387 shares of company stock valued at $12,349,914 in the last three months. 7.40% of the stock is owned by corporate 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.