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SAN RAMON, Calif.—Leonard Livschitz, Chief Executive Officer of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Livschitz sold 30,000 shares of common stock on March 18, 2025, at a weighted average price of $16.7771 per share, totaling approximately $503,313. The transaction comes as InvestingPro data shows the stock trading near its Fair Value, with the company maintaining a strong financial health score of 2.63 out of 4.
The transaction was executed under a Rule 10b5-1 trading plan, which Livschitz adopted on August 5, 2024. The stock sales were conducted in multiple trades, with prices ranging from $16.59 to $17.26 per share. Following this transaction, Livschitz holds 3,169,081 shares directly and an additional 13,289 shares indirectly through his spouse. While the stock has declined in the past month, it has posted a robust 28% gain over the last six months.
This sale is part of a prearranged trading plan that allows insiders to sell a predetermined number of shares at a specified time, ensuring compliance with insider trading laws. Investors often scrutinize such sales for insights into the executive’s view on the company’s future performance.
Grid Dynamics Holdings, a technology services company headquartered in San Ramon, California, specializes in prepackaged software services.
In other recent news, Grid Dynamics Holdings reported fourth-quarter earnings that exceeded analyst expectations, with adjusted earnings per share of $0.12, surpassing the consensus estimate of $0.10. The company achieved a revenue of $100.3 million, which not only exceeded projections of $96.1 million but also represented a 28.5% year-over-year increase. For the first quarter of 2025, Grid Dynamics anticipates revenue between $98 million and $100 million, above the $95 million consensus, and has provided full-year 2025 revenue guidance of $415 million to $435 million, surpassing analyst estimates of $409 million. The company attributes its strong performance to increased demand across various industry verticals, particularly noting significant growth in its finance sector.
Additionally, Needham analysts have raised their price target for Grid Dynamics shares to $30, up from $25, while maintaining a Buy rating. This adjustment follows the company’s impressive fourth-quarter results and positive outlook for 2025. Furthermore, Grid Dynamics announced strategic executive appointments with Dr. Eugene Steinberg as the new Chief Technology Officer and Rajeev Sharma as Managing Partner for the Asia-Pacific region, effective April 1, 2025. These leadership changes are part of Grid Dynamics’ strategy to enhance its global presence and drive innovation in AI and platform engineering.
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