Grid Dynamics (GDYN) Scheduled to Post Earnings on Thursday

Grid Dynamics (NASDAQ:GDYNGet Rating) is set to release its earnings data after the market closes on Thursday, August 4th. Analysts expect Grid Dynamics to post earnings of $0.09 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Grid Dynamics (NASDAQ:GDYNGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Grid Dynamics had a positive return on equity of 12.79% and a negative net margin of 3.41%. The firm had revenue of $71.41 million during the quarter, compared to analysts’ expectations of $65.07 million. During the same quarter last year, the firm earned $0.05 EPS. The business’s quarterly revenue was up 82.5% on a year-over-year basis. On average, analysts expect Grid Dynamics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Grid Dynamics Stock Performance

Shares of GDYN opened at $18.15 on Thursday. The stock has a 50-day moving average of $17.49 and a two-hundred day moving average of $17.66. Grid Dynamics has a one year low of $9.09 and a one year high of $42.81. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.32 and a current ratio of 6.32. The stock has a market cap of $1.22 billion, a P/E ratio of -139.62 and a beta of 1.02.

Insider Activity at Grid Dynamics

In other Grid Dynamics news, Director Patrick Nicolet purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average price of $16.42 per share, for a total transaction of $164,200.00. Following the purchase, the director now directly owns 14,290 shares in the company, valued at $234,641.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Grid Dynamics news, CEO Leonard Livschitz sold 78,897 shares of the business’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $18.77, for a total transaction of $1,480,896.69. Following the completion of the sale, the chief executive officer now directly owns 3,232,260 shares in the company, valued at approximately $60,669,520.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Patrick Nicolet acquired 10,000 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were purchased at an average price of $16.42 per share, with a total value of $164,200.00. Following the completion of the purchase, the director now owns 14,290 shares in the company, valued at approximately $234,641.80. The disclosure for this purchase can be found here. 11.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GDYN. Acadian Asset Management LLC lifted its holdings in Grid Dynamics by 239.0% in the first quarter. Acadian Asset Management LLC now owns 5,837 shares of the company’s stock valued at $82,000 after acquiring an additional 4,115 shares during the last quarter. Ergoteles LLC acquired a new position in Grid Dynamics in the first quarter valued at approximately $159,000. Lazard Asset Management LLC lifted its holdings in Grid Dynamics by 4,926.7% in the first quarter. Lazard Asset Management LLC now owns 12,215 shares of the company’s stock valued at $171,000 after acquiring an additional 11,972 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in Grid Dynamics in the first quarter valued at approximately $188,000. Finally, HighTower Advisors LLC lifted its stake in Grid Dynamics by 4.2% during the first quarter. HighTower Advisors LLC now owns 16,568 shares of the company’s stock worth $225,000 after purchasing an additional 671 shares in the last quarter. 65.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GDYN shares. Northland Securities lifted their price target on Grid Dynamics from $22.50 to $25.00 in a research report on Monday, May 9th. Citigroup lifted their price target on Grid Dynamics from $20.00 to $23.00 in a research report on Friday, May 6th. Finally, Needham & Company LLC lifted their price target on Grid Dynamics from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, April 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.43.

About Grid Dynamics

(Get Rating)

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides enterprise-level digital transformation services in the areas of search, analytics, and release automation for Fortune 1000 corporations in North America, Europe, and internationally. It works in collaboration with its clients on digital transformation initiatives that cover strategy consulting, early prototypes, and enterprise-scale delivery of new digital platforms.

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Earnings History for Grid Dynamics (NASDAQ:GDYN)

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