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Yury Gryzlov, the Chief Operating Officer of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN), recently sold 2,000 shares of the company’s common stock. The transaction, which took place on March 11, 2025, was executed at a price of $16.77 per share, resulting in a total sale value of $33,540. The sale comes as Grid Dynamics, currently valued at $1.37 billion, trades near its InvestingPro Fair Value.
This sale was conducted under a Rule 10b5-1 trading plan, which Gryzlov adopted on November 21, 2024. Following the transaction, Gryzlov retains ownership of 480,759 shares in the company. The stock has experienced recent volatility, declining 8.28% in the past week, though maintaining strong fundamentals with a healthy balance sheet and current ratio of 7.62.
Grid Dynamics, a technology services company, continues its operations in the prepackaged software sector. Investors often closely monitor such insider transactions as they can provide insights into the management’s perspective on the company’s future performance. Analysts maintain a bullish outlook, with price targets ranging from $24 to $30 per share. For deeper insights into GDYN’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro, which covers 1,400+ top US stocks.
In other recent news, Grid Dynamics Holdings reported strong fourth-quarter earnings, surpassing analyst expectations with adjusted earnings per share of $0.12, compared to the consensus estimate of $0.10. Revenue for the quarter reached $100.3 million, exceeding projections of $96.1 million, marking a 28.5% year-over-year increase. The company provided an optimistic outlook for 2025, expecting first-quarter revenue between $98 million and $100 million, and full-year revenue guidance of $415 million to $435 million, both above analyst estimates. This performance was driven by increased demand across various industry verticals, with the Finance sector experiencing significant growth.
Additionally, Needham analysts raised their price target for Grid Dynamics to $30 from $25, maintaining a Buy rating on the stock. The analysts highlighted the company’s robust organic demand and effective execution as key factors in its strong quarter. Grid Dynamics also announced strategic executive appointments, with Dr. Eugene Steinberg becoming Chief Technology Officer and Rajeev Sharma transitioning to Managing Partner of APAC. These changes align with the company’s growth strategy, emphasizing geo-scalability and innovation. CEO Leonard Livschitz praised the technical expertise of the new appointees, underscoring their potential to drive success for clients and investors.
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