Grid Dynamics (GDYN) to Release Quarterly Earnings on Thursday

Grid Dynamics (NASDAQ:GDYN - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.09 per share and revenue of $98.19 million for the quarter. Grid Dynamics has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.06). The business had revenue of $100.28 million for the quarter, compared to analysts' expectations of $96.00 million. Grid Dynamics had a negative return on equity of 0.33% and a net margin of 1.15%.

Grid Dynamics Price Performance

Shares of GDYN stock traded up $0.26 during trading hours on Tuesday, reaching $14.20. 500,421 shares of the company's stock were exchanged, compared to its average volume of 611,579. The company has a market cap of $1.19 billion, a P/E ratio of 355.00 and a beta of 0.99. The company's 50 day moving average is $15.92 and its two-hundred day moving average is $18.30. Grid Dynamics has a 1 year low of $9.07 and a 1 year high of $25.50.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC upped their price target on Grid Dynamics from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $19.60.

Insider Buying and Selling

In other Grid Dynamics news, COO Yury Gryzlov sold 10,306 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $18.66, for a total transaction of $192,309.96. Following the sale, the chief operating officer now owns 482,759 shares in the company, valued at approximately $9,008,282.94. This represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anil Doradla sold 2,000 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $18.10, for a total value of $36,200.00. Following the sale, the chief financial officer now owns 366,818 shares in the company, valued at approximately $6,639,405.80. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,043 shares of company stock worth $349,078 in the last quarter. Company 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.