Grid Dynamics (GDYN) Scheduled to Post Earnings on Thursday

Grid Dynamics (NASDAQ:GDYN) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Grid Dynamics has set its Q1 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Grid Dynamics (NASDAQ:GDYN) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $78.07 million during the quarter, compared to the consensus estimate of $76.64 million. Grid Dynamics had a positive return on equity of 6.77% and a negative net margin of 0.56%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. On average, analysts expect Grid Dynamics to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Grid Dynamics Stock Performance

NASDAQ:GDYN opened at $9.82 on Tuesday. The stock’s 50-day simple moving average is $12.05 and its 200 day simple moving average is $12.39. Grid Dynamics has a 52-week low of $8.00 and a 52-week high of $14.70. The company has a market cap of $746.03 million, a P/E ratio of -327.22 and a beta of 0.94.

Insider Buying and Selling

In related news, CEO Leonard Livschitz sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $10.54, for a total transaction of $105,400.00. Following the completion of the sale, the chief executive officer now directly owns 3,660,691 shares of the company’s stock, valued at $38,583,683.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Leonard Livschitz sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $10.54, for a total value of $105,400.00. Following the sale, the chief executive officer now directly owns 3,660,691 shares in the company, valued at approximately $38,583,683.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Anil Doradla sold 4,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $13.26, for a total transaction of $53,040.00. Following the transaction, the chief financial officer now owns 395,568 shares of the company’s stock, valued at approximately $5,245,231.68. The disclosure for this sale can be found here. Insiders have sold 85,884 shares of company stock worth $1,069,255 in the last quarter. Insiders own 7.40% of the company’s stock.

Analysts Set New Price Targets

GDYN has been the subject of several research reports. Citigroup cut their price target on Grid Dynamics from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday, April 22nd. Cantor Fitzgerald boosted their price target on Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. increased their price target on Grid Dynamics from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Four analysts have rated the stock with a buy rating, According to MarketBeat, Grid Dynamics currently has a consensus rating of “Buy” and a consensus target price of $15.75.

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.