Northland Securities Comments on Grid Dynamics Q3 Earnings

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) – Research analysts at Northland Securities issued their Q3 2027 earnings estimates for shares of Grid Dynamics in a research report issued to clients and investors on Monday, November 2nd. Northland Securities analyst T. Savageaux expects that the company will earn $0.10 per share for the quarter. The consensus estimate for Grid Dynamics’ current full-year earnings is $0.22 per share. Northland Securities also issued estimates for Grid Dynamics’ Q4 2027 earnings at $0.10 EPS.

Several other research firms have also weighed in on GDYN. TD Cowen raised their target price on Grid Dynamics from $9.00 to $13.00 and gave the company a “buy” rating in a report on Friday, October 30th. Needham & Company LLC upped their price target on Grid Dynamics from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on Grid Dynamics from $8.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Grid Dynamics in a research note on Thursday, October 29th. Finally, Zacks Research downgraded Grid Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 15th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.80.

Grid Dynamics Trading Down 2.3%

Shares of NASDAQ:GDYN opened at $13.37 on Wednesday. The stock has a market capitalization of $1.08 billion, a PE ratio of 65.19 and a beta of 0.88. Grid Dynamics has a 1 year low of $5.11 and a 1 year high of $14.02. The firm has a fifty day moving average price of $8.35 and a 200 day moving average price of $7.04.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Grid Dynamics had a net margin of 1.81% and a return on equity of 3.24%. The business had revenue of $114.29 million for the quarter, compared to the consensus estimate of $112.77 million.

Institutional Investors Weigh In On Grid Dynamics

A number of hedge funds have recently bought and sold shares of GDYN. PNC Financial Services Group Inc. grew its holdings in Grid Dynamics by 60.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,315 shares of the company’s stock valued at $47,000 after buying an additional 3,122 shares during the last quarter. Vise Technologies Inc. bought a new position in Grid Dynamics in the 3rd quarter worth approximately $103,000. Sequoia Financial Advisors LLC acquired a new position in shares of Grid Dynamics during the second quarter worth approximately $75,000. StoneX Group Inc. acquired a new position in shares of Grid Dynamics during the third quarter worth approximately $120,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Grid Dynamics during the second quarter worth approximately $99,000. 71.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Grid Dynamics

In related news, CFO Anil Doradla sold 20,000 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $10.51, for a total transaction of $210,200.00. Following the completion of the sale, the chief financial officer directly owned 374,509 shares of the company’s stock, valued at approximately $3,936,089.59. This represents a 5.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yury Gryzlov sold 4,715 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $13.55, for a total transaction of $63,888.25. Following the completion of the transaction, the chief operating officer owned 480,063 shares in the company, valued at $6,504,853.65. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 49,636 shares of company stock valued at $500,195. 6.50% of the stock is owned by insiders.

Grid Dynamics Company Profile

Grid Dynamics Holdings, Inc (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises modernize their technology infrastructure and develop data-driven products. Its services include software engineering, cloud computing, data engineering, artificial intelligence and machine learning, user experience design, and application modernization.

The company develops and implements technology solutions for industries including retail and consumer packaged goods, financial services, manufacturing, healthcare, and technology.