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Yury Gryzlov, Chief Operating Officer of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN), recently sold 737 shares of the company's common stock. The shares were sold at a price of $14.80 each, totaling $10,907. The transaction comes as GDYN shares have declined about 12% over the past week, with technical indicators from InvestingPro suggesting the stock is in oversold territory. Following this transaction, Gryzlov holds 478,269 shares directly. The sale was executed under a Rule 10b5-1 trading plan that Gryzlov adopted on November 21, 2024. Grid Dynamics, currently trading at a P/E ratio of 271.6x, is scheduled to report its next earnings on May 1, 2025. InvestingPro analysis reveals 13 additional key insights about GDYN's valuation and financial health, available exclusively to subscribers.
In other recent news, Grid Dynamics Holdings reported impressive fourth-quarter earnings, surpassing analyst expectations with an adjusted earnings per share of $0.12, compared to the consensus estimate of $0.10. The company's revenue reached $100.3 million, exceeding 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, above the $95 million consensus, and has set full-year 2025 revenue guidance of $415 million to $435 million, surpassing analyst estimates of $409 million. Needham analysts responded by raising their price target for Grid Dynamics shares to $30, up from $25, while maintaining a Buy rating. The firm's strong performance was attributed to robust organic demand, effective execution, and successful mergers and acquisitions. In addition to financial achievements, the company announced strategic executive appointments, with Dr. Eugene Steinberg becoming the new Chief Technology Officer and Rajeev Sharma taking on the role of Managing Partner for the Asia-Pacific region. These leadership changes are aligned with Grid Dynamics' growth strategy, focusing on geo-scalability and innovation. CEO Leonard Livschitz expressed confidence in the company's growth trajectory, highlighting the increasing demand for its services across various industry verticals.
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