Grid Dynamics (GDYN) to Release Earnings on Thursday

Grid Dynamics (NASDAQ:GDYN) is set to post its quarterly earnings results after the market closes on Thursday, August 1st. Analysts expect Grid Dynamics to post earnings of $0.07 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.09). Grid Dynamics had a net margin of 0.72% and a return on equity of 3.31%. The business had revenue of $79.82 million during the quarter, compared to the consensus estimate of $77.48 million. 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 Trading Up 2.7 %

Shares of NASDAQ GDYN opened at $13.08 on Wednesday. The company has a market capitalization of $1.00 billion, a P/E ratio of 436.00 and a beta of 1.05. Grid Dynamics has a 12 month low of $9.07 and a 12 month high of $14.70. The stock has a 50 day moving average of $10.53 and a 200-day moving average of $11.55.

Insider Activity at Grid Dynamics

In other Grid Dynamics news, CFO Anil Doradla sold 3,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $10.00, for a total transaction of $30,000.00. Following the transaction, the chief financial officer now owns 375,282 shares in the company, valued at approximately $3,752,820. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Leonard Livschitz sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $10.12, for a total value of $101,200.00. Following the completion of the transaction, the chief executive officer now directly owns 3,595,901 shares in the company, valued at approximately $36,390,518.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Anil Doradla sold 3,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $10.00, for a total transaction of $30,000.00. Following the sale, the chief financial officer now owns 375,282 shares in the company, valued at approximately $3,752,820. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,000 shares of company stock worth $715,750. Company insiders own 7.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GDYN shares. Citigroup reduced 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. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Grid Dynamics in a report on Friday, May 3rd. JPMorgan Chase & Co. lowered their price target on shares of Grid Dynamics from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Wedbush restated an “outperform” rating and set a $13.00 price objective on shares of Grid Dynamics in a report on Thursday, May 23rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Grid Dynamics has an average rating of “Buy” and a consensus target price of $15.00.

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.