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In a recent transaction, Yury Gryzlov, the Chief Operating Officer of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN), sold a significant portion of his holdings in the company. The technology services provider, currently valued at $1.53 billion, has seen its stock surge 54% over the past year despite recent market volatility. According to InvestingPro analysis, the company maintains a strong financial health score of 2.6. According to a Form 4 filing with the Securities and Exchange Commission, Gryzlov sold 10,306 shares of common stock on March 4, 2025. The shares were sold at a weighted average price of $18.66, resulting in a total transaction value of $192,309.
This sale was conducted under a Rule 10b5-1 trading plan that Gryzlov had adopted on November 21, 2024. The transaction was executed in multiple trades, with prices ranging from $18.24 to $19.22. Following the sale, Gryzlov holds 482,759 shares in the company.
In other recent news, Grid Dynamics Holdings reported fourth-quarter earnings that exceeded analyst expectations, posting adjusted earnings per share of $0.12, surpassing the consensus estimate of $0.10. The company’s revenue reached $100.3 million, outperforming projections of $96.1 million and marking a 28.5% year-over-year increase. For the first quarter of 2025, Grid Dynamics anticipates revenue between $98 million and $100 million, exceeding the $95 million consensus. The full-year 2025 revenue guidance is set between $415 million and $435 million, above analyst estimates of $409 million.
In addition to its earnings report, Grid Dynamics announced strategic executive appointments to support its growth strategy, with Dr. Eugene Steinberg becoming Chief Technology Officer and Rajeev Sharma transitioning to Managing Partner of APAC. These changes are part of the company’s GigaCube growth strategy, focusing on geo-scalability and innovation. Meanwhile, Needham analysts raised their price target for Grid Dynamics shares to $30, up from $25, while maintaining a Buy rating. This adjustment follows the company’s strong fourth-quarter performance and positive outlook. The analysts expressed confidence in Grid Dynamics’ ability to gain market share in the IT services sector.
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