Northland Securities Comments on Grid Dynamics Q3 Earnings

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) – Analysts at Northland Securities issued their Q3 2027 earnings estimates for shares of Grid Dynamics in a report issued on Monday, November 2nd. Northland Securities analyst T. Savageaux expects that the company will post earnings per share of $0.10 for the quarter. The consensus estimate for Grid Dynamics’ current full-year earnings is $0.22 per share. Northland Securities also issued estimates for Grid Dynamics’ Q4 2027 earnings at $0.10 EPS.

A number of other equities research analysts also recently weighed in on the company. TD Cowen lifted their target price on Grid Dynamics from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Needham & Company LLC upped their price target on Grid Dynamics from $10.00 to $15.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on Grid Dynamics from $8.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Grid Dynamics in a report on Thursday, October 29th. Finally, Zacks Research lowered Grid Dynamics from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.80.

Grid Dynamics Stock Performance

NASDAQ GDYN opened at $13.37 on Wednesday. The firm has a 50-day simple moving average of $8.35 and a 200 day simple moving average of $7.04. Grid Dynamics has a twelve month low of $5.11 and a twelve month high of $14.02. The stock has a market cap of $1.08 billion, a PE ratio of 65.19 and a beta of 0.88.

Grid Dynamics (NASDAQ:GDYN) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.05. The company had revenue of $114.29 million for the quarter, compared to the consensus estimate of $112.77 million. Grid Dynamics had a net margin of 1.81% and a return on equity of 3.24%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GDYN. Bank of America Corp DE lifted its stake in Grid Dynamics by 76.4% during the first quarter. Bank of America Corp DE now owns 364,342 shares of the company’s stock worth $2,077,000 after purchasing an additional 157,767 shares during the period. Pacer Advisors Inc. acquired a new stake in Grid Dynamics during the first quarter valued at approximately $884,000. Walleye Capital LLC acquired a new stake in Grid Dynamics during the first quarter valued at approximately $1,007,000. Quantinno Capital Management LP boosted its holdings in Grid Dynamics by 460.4% during the first quarter. Quantinno Capital Management LP now owns 206,289 shares of the company’s stock valued at $1,176,000 after purchasing an additional 169,477 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Grid Dynamics in the 2nd quarter valued at approximately $2,702,000. Institutional investors and hedge funds own 71.18% of the company’s stock.

Insider Buying and Selling at Grid Dynamics

In other news, COO Yury Gryzlov sold 4,715 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $13.55, for a total transaction of $63,888.25. Following the completion of the transaction, the chief operating officer directly owned 480,063 shares of the company’s stock, valued at approximately $6,504,853.65. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Anil Doradla sold 20,000 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $10.51, for a total transaction of $210,200.00. Following the transaction, the chief financial officer directly owned 374,509 shares of the company’s stock, valued at $3,936,089.59. The trade was a 5.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 49,636 shares of company stock worth $500,195 in the last three months. Insiders own 6.50% of the company’s stock.

Grid Dynamics Company Profile

Grid Dynamics Holdings, Inc (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises modernize their technology infrastructure and develop data-driven products. Its services include software engineering, cloud computing, data engineering, artificial intelligence and machine learning, user experience design, and application modernization.

The company develops and implements technology solutions for industries including retail and consumer packaged goods, financial services, manufacturing, healthcare, and technology.