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Leonard Livschitz, the Chief Executive Officer of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN), has sold 40,000 shares of the company’s common stock. The transaction, executed on March 4, 2025, was carried out under a Rule 10b5-1 trading plan. The shares were sold at a weighted average price of $18.66, totaling $746,400. Following this sale, Livschitz holds 3,199,081 shares directly, with an additional 13,289 shares held indirectly by his spouse. These transactions were part of a pre-established trading plan, providing a structured approach to selling shares. InvestingPro data reveals the company holds more cash than debt and maintains excellent liquidity, with current assets well exceeding short-term obligations. For deeper insights into Grid Dynamics’ financial health and detailed analysis, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Grid Dynamics Holdings reported strong fourth-quarter earnings, surpassing analyst expectations. The company achieved adjusted earnings per share of $0.12, exceeding the consensus estimate of $0.10, and reported revenue of $100.3 million, which also beat projections of $96.1 million. This marked a 28.5% year-over-year increase in revenue. For the first quarter of 2025, Grid Dynamics expects revenue between $98 million and $100 million, higher than the consensus estimate of $95 million. The company also provided full-year 2025 revenue guidance of $415 million to $435 million, exceeding analyst estimates of $409 million.
Additionally, Needham analysts raised their price target for Grid Dynamics shares to $30, up from $25, while maintaining a Buy rating. This decision followed the company’s strong earnings performance and optimistic guidance. The analysts highlighted Grid Dynamics’ ability to capture market share in the IT services sector. In other developments, Grid Dynamics announced strategic executive appointments to support its growth strategy. Dr. Eugene Steinberg will become the new Chief Technology Officer, and Rajeev Sharma will oversee the company’s expansion in the Asia-Pacific region as Managing Partner. These appointments are part of Grid Dynamics’ efforts to enhance its global presence and drive innovation.
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