Grid Dynamics CFO sells $36,200 in company stock

Anil Doradla, Chief Financial Officer of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN), a technology company with a market capitalization of $1.4 billion, sold 2,000 shares of the company’s common stock on March 7, 2025. The transaction comes as the stock has declined nearly 10% over the past week, though it maintains a strong 31% gain over the past year. The shares were sold at a price of $18.10 each, amounting to a total transaction value of $36,200. This sale was conducted under a Rule 10b5-1 trading plan, which Doradla adopted on August 7, 2024. Following this transaction, Doradla retains ownership of 366,818 shares in the company. According to InvestingPro analysis, Grid Dynamics currently trades at a P/E ratio of 321, with analyst price targets ranging from $24 to $30, suggesting potential upside. The company maintains a healthy balance sheet with more cash than debt, and analysts have recently revised earnings expectations upward. For deeper insights into Grid Dynamics’ valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, Grid Dynamics Holdings reported impressive fourth-quarter earnings, surpassing analyst expectations with adjusted earnings per share of $0.12, compared to the consensus estimate of $0.10. The company achieved a revenue of $100.3 million, exceeding projections of $96.1 million and marking a 28.5% increase year-over-year. Grid Dynamics provided an optimistic outlook for 2025, forecasting first-quarter revenue between $98 million and $100 million, above the $95 million consensus, and full-year revenue guidance of $415 million to $435 million, surpassing analyst estimates of $409 million. Additionally, Needham analysts raised their price target for Grid Dynamics to $30, up from $25, while maintaining a Buy rating, citing the company’s strong performance and positive growth prospects. The analysts highlighted Grid Dynamics’ robust organic demand, effective execution, and successful mergers and acquisitions as key contributors to its strong quarter. In executive news, Dr. Eugene Steinberg has been appointed as the new Chief Technology Officer, and Rajeev Sharma will take on the role of Managing Partner for the Asia-Pacific region. These appointments are part of Grid Dynamics’ strategy to enhance its global presence and drive innovation in AI and technology solutions. The company’s CEO, Leonard Livschitz, expressed confidence in the company’s growth trajectory, emphasizing the increasing demand for services across its customer base.

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