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Leonard Livschitz, the Chief Executive Officer of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN), recently sold a portion of his common stock holdings. According to a recent SEC filing, Livschitz sold 155 shares at a price of $21.41 each, amounting to a total transaction value of $3,318. The transaction comes as Grid Dynamics, with a market capitalization of $1.7 billion, has seen its stock surge approximately 47% over the past six months. InvestingPro analysis indicates the stock is trading above its Fair Value, with the share price near its 52-week high of $25.50. Following this sale, Livschitz’s direct ownership stands at 3,239,081 shares. The shares sold were indirectly owned and are held by Livschitz’s spouse, as noted in the filing. The company maintains strong financial health with a current ratio of 7.62, indicating robust liquidity. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Grid Dynamics Pro Research Report, available exclusively on InvestingPro.
In other recent news, Grid Dynamics Holdings reported impressive 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 was above the projected $96.1 million. This represents a 28.5% increase year-over-year and marks a significant milestone for the company. Grid Dynamics also provided an optimistic revenue outlook for the first quarter of 2025, expecting between $98 million and $100 million, above the $95 million consensus. Additionally, the company set its full-year 2025 revenue guidance at $415 million to $435 million, topping analyst estimates. Needham analysts responded positively by raising their price target on Grid Dynamics shares to $30 from $25, while maintaining a Buy rating. The analysts highlighted the company’s strong organic demand and successful mergers and acquisitions as key factors in its robust performance. Grid Dynamics noted a significant increase in demand across various industry verticals, particularly in the Finance sector, and emphasized the growth of its AI initiatives.
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