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SAN RAMON, CA—Yury Gryzlov, Chief Operating Officer of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN), recently executed a sale of 2,000 shares of the company’s common stock. The shares were sold at a price of $12.00 each, amounting to a total transaction value of $24,000. The transaction comes as the stock trades below its InvestingPro Fair Value, with analyst targets ranging from $16 to $20 per share. This sale was conducted under a Rule 10b5-1 trading plan that Gryzlov adopted on November 21, 2024. Following the transaction, Gryzlov retains ownership of 472,269 shares in the company. Despite the stock’s 33% decline over the past six months, InvestingPro data shows Grid Dynamics maintains strong financial health with more cash than debt and liquid assets exceeding short-term obligations. For deeper insights into insider trading patterns and 12+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Grid Dynamics Holdings reported impressive first-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share of $0.11 against a projected $0.08. The company also surpassed revenue forecasts, bringing in $100.4 million compared to the anticipated $98.88 million, marking a 25.8% year-over-year growth. This strong performance was attributed to the company’s focus on artificial intelligence and technological innovation, as well as expanded delivery capabilities in India. Following these results, Needham analysts increased Grid Dynamics’ stock target to $20, maintaining a Buy rating, citing confidence in the company’s ability to expand its market share and accelerate growth. Grid Dynamics’ management has provided guidance for the second quarter that aligns with market projections and has reaffirmed its full-year 2025 outlook. The company projects full-year revenue between $415 million and $435 million, indicating significant growth driven by continued investment in AI and technology capabilities. Additionally, recent mergers and acquisitions have contributed to the company’s robust performance, enhancing its global talent development strategy.
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