Q4 2024 EPS Estimates for Grid Dynamics Holdings, Inc. Reduced by Northland Capmk (NASDAQ:GDYN)

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) – Analysts at Northland Capmk reduced their Q4 2024 EPS estimates for shares of Grid Dynamics in a research report issued to clients and investors on Monday, May 6th. Northland Capmk analyst T. Savageaux now forecasts that the company will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.04. The consensus estimate for Grid Dynamics’ current full-year earnings is $0.07 per share.

Grid Dynamics (NASDAQ:GDYN) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Grid Dynamics had a net margin of 0.72% and a return on equity of 3.31%. The business had revenue of $78.07 million during the quarter, compared to analysts’ expectations of $76.64 million. During the same period last year, the company earned $0.14 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis.

A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Grid Dynamics from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Citigroup dropped their price objective on Grid Dynamics from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Cantor Fitzgerald upped their target price on shares of Grid Dynamics from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of Grid Dynamics in a report on Friday, May 3rd. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $15.75.

Grid Dynamics Stock Performance

GDYN stock opened at $10.52 on Thursday. The stock’s 50 day moving average price is $11.56 and its 200 day moving average price is $12.32. The firm has a market cap of $799.20 million, a P/E ratio of 350.78 and a beta of 1.00. Grid Dynamics has a 1 year low of $8.05 and a 1 year high of $14.70.

Institutional Investors Weigh In On Grid Dynamics

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDYN. Wasatch Advisors LP grew its holdings in shares of Grid Dynamics by 4.9% during the 1st quarter. Wasatch Advisors LP now owns 7,614,713 shares of the company’s stock worth $93,585,000 after purchasing an additional 357,785 shares during the period. Vanguard Group Inc. lifted its position in Grid Dynamics by 1.2% during the third quarter. Vanguard Group Inc. now owns 4,007,370 shares of the company’s stock valued at $48,810,000 after buying an additional 45,750 shares in the last quarter. Jennison Associates LLC grew its stake in Grid Dynamics by 1.2% during the first quarter. Jennison Associates LLC now owns 2,339,142 shares of the company’s stock worth $28,748,000 after buying an additional 26,974 shares during the period. Wellington Management Group LLP grew its stake in Grid Dynamics by 26.7% during the fourth quarter. Wellington Management Group LLP now owns 1,878,946 shares of the company’s stock worth $25,046,000 after buying an additional 396,320 shares during the period. Finally, Summit Creek Advisors LLC increased its position in shares of Grid Dynamics by 0.4% in the third quarter. Summit Creek Advisors LLC now owns 984,074 shares of the company’s stock worth $11,986,000 after acquiring an additional 3,564 shares in the last quarter. 71.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Anil Doradla sold 3,000 shares of the stock in a transaction dated Wednesday, May 1st. 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 directly owns 385,979 shares in the company, valued at $3,859,790. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Leonard Livschitz sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $10.68, for a total transaction of $106,800.00. Following the completion of the sale, the chief executive officer now directly owns 3,605,901 shares of the company’s stock, valued at approximately $38,511,022.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anil Doradla sold 3,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total value of $30,000.00. Following the completion of the transaction, the chief financial officer now directly owns 385,979 shares in the company, valued at $3,859,790. The disclosure for this sale can be found here. Insiders sold a total of 98,884 shares of company stock valued at $1,206,055 over the last quarter. Company insiders own 7.40% 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.