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Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Chief Executive Officer Leonard Livschitz recently sold 10,000 shares of the company’s common stock. The sale comes as the stock has seen a significant 46% gain over the past six months, despite a recent 7.7% pullback last week. The shares were sold at a price of $25.33 each, totaling approximately $253,299. Following this transaction, Livschitz holds 3,239,081 shares directly. Additionally, he indirectly holds 13,444 shares through his spouse. This transaction was executed under a pre-established Rule 10b5-1 trading plan, which Livschitz adopted in August 2024. According to InvestingPro data, the company maintains strong financial health with more cash than debt and a current ratio of 7.62, though it trades at a notably high P/E ratio of 642. InvestingPro subscribers have access to 8 additional key insights about Grid Dynamics’ valuation and growth prospects.
In other recent news, Grid Dynamics Holdings reported fourth-quarter earnings that surpassed analyst expectations, posting adjusted earnings per share of $0.12, compared to the consensus estimate of $0.10. The company also achieved revenue of $100.3 million, exceeding projections of $96.1 million and marking a 28.5% increase year-over-year. This milestone was highlighted by CEO Leonard Livschitz as the highest in the company’s history. Looking ahead, Grid Dynamics provided an optimistic revenue forecast for the first quarter of 2025, expecting between $98 million and $100 million, which is above the $95 million consensus. The company also announced full-year 2025 revenue guidance ranging from $415 million to $435 million, surpassing analyst estimates of $409 million.
In addition to strong financial results, Grid Dynamics saw significant growth in its Finance vertical, which expanded 63.8% sequentially and 180.1% year-over-year. The company noted a 30% increase in its pipeline of AI opportunities, now totaling more than 130 projects. Needham analysts responded to these developments by raising their price target for Grid Dynamics’ shares to $30, up from $25, while maintaining a Buy rating. They attributed the company’s strong quarter to robust organic demand and successful mergers and acquisitions. Analysts expressed confidence in Grid Dynamics’ ability to gain market share in the IT services sector, citing the company’s positive outlook and performance.
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