Grid Dynamics (NASDAQ:GDYN – Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Grid Dynamics to post earnings of $0.10 per share for the quarter. Grid Dynamics has set its Q3 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
Grid Dynamics (NASDAQ:GDYN – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $83.04 million during the quarter, compared to the consensus estimate of $81.06 million. Grid Dynamics had a negative net margin of 0.37% and a positive return on equity of 1.05%. Grid Dynamics’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS.
Grid Dynamics Stock Down 1.3 %
Shares of NASDAQ:GDYN opened at $15.44 on Thursday. Grid Dynamics has a fifty-two week low of $9.07 and a fifty-two week high of $15.73. The firm’s 50-day simple moving average is $14.15 and its 200-day simple moving average is $11.99. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 514.67 and a beta of 1.06.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on Grid Dynamics
Insider Buying and Selling at Grid Dynamics
In other Grid Dynamics news, CEO Leonard Livschitz sold 15,000 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $14.56, for a total value of $218,400.00. Following the sale, the chief executive officer now owns 3,460,901 shares of the company’s stock, valued at $50,390,718.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Leonard Livschitz sold 15,000 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $14.56, for a total value of $218,400.00. Following the completion of the transaction, the chief executive officer now directly owns 3,460,901 shares of the company’s stock, valued at $50,390,718.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Anil Doradla sold 3,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $12.97, for a total value of $38,910.00. Following the sale, the chief financial officer now directly owns 369,282 shares in the company, valued at approximately $4,789,587.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 961,387 shares of company stock valued at $12,349,914. Insiders own 7.40% 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.
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