Grid Dynamics (GDYN) Projected to Post Quarterly Earnings on Thursday

Grid Dynamics (NASDAQ:GDYN) will likely be announcing its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $96.00 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Grid Dynamics Price Performance

Shares of Grid Dynamics stock opened at $22.52 on Friday. The business has a 50-day moving average of $21.36 and a 200-day moving average of $17.26. The company has a market capitalization of $1.86 billion, a PE ratio of 750.92 and a beta of 1.01. Grid Dynamics has a 1-year low of $9.07 and a 1-year high of $24.60.

Insiders Place Their Bets

In other news, CFO Anil Doradla sold 3,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $19.08, for a total value of $57,240.00. Following the completion of the transaction, the chief financial officer now owns 373,282 shares of the company’s stock, valued at approximately $7,122,220.56. This represents a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold 8,000 shares of company stock valued at $171,780 over the last three months. Company insiders own 7.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Grid Dynamics from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Citigroup lifted their price target on Grid Dynamics from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. TD Cowen lifted their price target on Grid Dynamics from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC upped their target price on Grid Dynamics from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $18.33.

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.