Grid Dynamics (NASDAQ:GDYN) Releases Earnings Results, Misses Expectations By $0.06 EPS

Grid Dynamics (NASDAQ:GDYN) announced its quarterly earnings data on Thursday. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.06), Zacks reports. Grid Dynamics had a net margin of 0.74% and a return on equity of 0.15%. Grid Dynamics updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Grid Dynamics Trading Down 5.1 %

Grid Dynamics stock traded down $1.09 during mid-day trading on Thursday, hitting $20.48. The company had a trading volume of 840,228 shares, compared to its average volume of 717,634. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 682.89 and a beta of 1.01. The company’s fifty day moving average is $21.58 and its 200-day moving average is $17.55. Grid Dynamics has a 12-month low of $9.07 and a 12-month high of $24.60.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Needham & Company LLC boosted their price target on Grid Dynamics from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Citigroup upped their target price on 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 raised their price target on shares of Grid Dynamics from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Grid Dynamics from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Five research 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, Grid Dynamics has an average rating of “Buy” and an average target price of $18.33.

Insider Activity at Grid Dynamics

In related news, CFO Anil Doradla sold 2,000 shares of Grid Dynamics stock in a transaction dated Friday, February 7th. The stock was 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 in the company, valued at $8,214,979.08. The trade was a 0.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 8,000 shares of company stock worth $171,780 in the last three months. Company insiders own 7.20% of the company’s stock.

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.