Grid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise-level digital transformation services for Fortune 1000 corporations in the United States, and Central and Eastern European countries. It works in collaboration with its clients on digital transformation initiatives that cover strategy consulting, early prototypes, and enterprise-scale delivery of new digital platforms. The company offers technical consulting, software design, development, testing, and internet service operations services. It serves customers that operate in the retail, technology and media, consumer packaged goods/manufacturing, and financial services sectors. The company was founded in 2006 and is headquartered in San Ramon, California.
IPO Year: 2018
Exchange: NASDAQ
Website: griddynamics.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/2/2024 | $12.00 → $16.00 | Hold → Buy | TD Cowen |
| 5/24/2024 | $13.00 | Outperform | Wedbush |
| 3/4/2022 | $40.00 → $22.50 | Outperform | Northland Capital Markets |
| 3/4/2022 | $45.00 → $22.00 | Buy | Needham |
| 11/5/2021 | $30.00 → $45.00 | Buy | Needham |
| 11/1/2021 | $35.00 | Buy | Citigroup |
| 8/6/2021 | $23.00 → $30.00 | Buy | Needham |
| 7/30/2021 | $25.00 | Overweight | JP Morgan |
| 7/9/2021 | $22.00 → $23.00 | Buy | Needham |
8-K - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Filer)
SCHEDULE 13G/A - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Subject)
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10-Q - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Filer)
8-K - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Filer)
144 - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Subject)
10-K/A - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Filer)
8-K - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Filer)
144 - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Subject)
Record Revenues of $100.4 million and GAAP Net Income of $2.9 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or the "Company"), a leader in enterprise-level digital transformation, today announced results for the first quarter ended March 31, 2025. We are pleased to report first quarter 2025 revenues of $100.4 million, slightly above our outlook range of $98.0 million to $100.0 million that we provided in February 2025. Retail remained our largest vertical accounting for 31.4% of total revenues during the first quarter of 2025. The Finance vertical demonstrated the strongest performance, with revenues increasing 7.9% sequentially and 144.3% on a year-over-year basis.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, May 1, 2025 to discuss its first quarter 2025 financial results. A press release containing these results will be available on our website prior to the call. A webcast of the video conference call, as well as a replay available after the event, can be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors. About Grid Dynamics Grid Dynamics (NASDAQ:GDYN) is a leading provider of technology consulting, platform and
Key Takeaways: The IoT Control Tower enables manufacturers, equipment providers, and energy companies to continuously analyze and act on data from production facilities and equipment fleets using machine learning, generative AI, and agentic AI methods. The new platform accelerates the deployment of large-scale analytics solutions for manufacturers by providing a centralized system integrated with other smart manufacturing components from Grid Dynamics. Employing the latest AI/ML technologies, Grid Dynamics created the IoT Control Tower to help clients reduce labor costs associated with manufacturing analytics, minimize issue response times, and improve process efficiency. Grid Dynam
Key Takeaways: Grid Dynamics announces two key executive appointments effective April 1, 2025. Rajeev Sharma, current CTO, will be appointed as Managing Partner of APAC to drive regional expansion, engineering excellence, M&A, and strategic partnerships across the Asia-Pacific region. Dr. Eugene Steinberg, Distinguished Technical Fellow, will become Chief Technology Officer, leading AI innovation and advanced technology solutions. Strategic leadership appointments to strengthen execution of Grid Dynamics' GigaCube growth strategy. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and
Fourth Quarter Revenue of $100.3 million and Full Year Revenue of $350.6 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or the "Company"), a leader in enterprise-level artificial intelligence and digital transformation, today announced its results for the fourth quarter and full year ended December 31, 2024. We are pleased to report fourth quarter 2024 revenues of $100.3 million, exceeding our October 2024 outlook range of $95.0 million to $97.0 million. On a year-over-year basis, our fourth quarter revenues grew at 28.5%. For the full year 2024, we generated revenues of $350.6 million, up from $312.9 million in 2023. Our Retail vertical continued to be our largest ve
Key Takeaways: The Visual Process Monitoring starter kit enables companies to rapidly develop edge video analytics solutions for in-facility safety monitoring, labor productivity analysis and optimization, order packaging verification, and other use cases leveraging vision-language models (VLMs). Incorporating Grid Dynamics' extensive experience in delivering successful visual analytics projects, this starter kit addresses the growing demand for edge visual analytics in manufacturing and logistics applications, enabling the solution to be deployed efficiently and at scale. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leading provider of technology consulting, platf
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, February 20, 2025 to discuss its fourth quarter and full year 2024 financial results. A press release containing these results will be available on our website prior to the call. A webcast of the video conference call, as well as a replay available after the event, can be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors. About Grid Dynamics Grid Dynamics (NASDAQ:GDYN) is a leading provider of technology
NEW YORK, Dec. 26, 2024 /PRNewswire/ -- Grid Dynamics Holdings Inc. (NASD: GDYN) will replace Revelyst Inc. (NYSE:GEAR) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, January 2. Strategic Value Partners is acquiring Revelyst in a deal expected to close soon pending final conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Jan 2, 2025 S&P SmallCap 600 Addition Grid Dynamics Holdings GDYN Information Technology Jan 2, 2025 S&P SmallCap 600 Deletion Revelyst GEAR Consumer Discretionary For more information about S&P Dow Jo
Key Takeaways: Grid Dynamics' developer portal enables organizations to streamline the software development process with a unified, self-service solution—improving developer productivity and reducing operational overheads. The solution provides developers with immediate access to application templates, environments, release management tools, and other essential resources. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services, today announced the launch of its innovative developer portal. This self-service system is designed to streamline the software development
Key Takeaways: Grid Dynamics' new Composable Commerce Starter Kit on Azure enables B2C & B2B modern digital commerce capabilities—replacing legacy systems with composable architectures on the Microsoft Azure Cloud, with commercetools as the core commerce engine. The Composable Commerce Starter Kit gives Grid Dynamics' clients a flexible platform to meet and exceed their customers' ever-changing expectations and address the dynamic business requirements of today's market. The Composable Commerce Starter Kit on Azure is an MVP accelerator, which Grid Dynamics can deploy for clients on Microsoft Azure in months, enabling rapid time-to-value and improved operational efficiency leveragi
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TD Cowen upgraded Grid Dynamics from Hold to Buy and set a new price target of $16.00 from $12.00 previously
Wedbush initiated coverage of Grid Dynamics with a rating of Outperform and set a new price target of $13.00
Northland Capital Markets reiterated coverage of Grid Dynamics Holdings with a rating of Outperform and set a new price target of $22.50 from $40.00 previously
Needham reiterated coverage of Grid Dynamics Holdings with a rating of Buy and set a new price target of $22.00 from $45.00 previously
Needham reiterated coverage of Grid Dynamics Holdings with a rating of Buy and set a new price target of $45.00 from $30.00 previously
Citigroup initiated coverage of Grid Dynamics with a rating of Buy and set a new price target of $35.00
Needham reiterated coverage of Grid Dynamics Holdings with a rating of Buy and set a new price target of $30.00 from $23.00 previously
JP Morgan initiated coverage of Grid Dynamics Holdings with a rating of Overweight and set a new price target of $25.00
Needham reiterated coverage of Grid Dynamics Holdings with a rating of Buy and set a new price target of $23.00 from $22.00 previously
Needham reiterated coverage of Grid Dynamics Holdings with a rating of Buy and set a new price target of $22.00 from $20.00 previously
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NEW YORK, Dec. 26, 2024 /PRNewswire/ -- Grid Dynamics Holdings Inc. (NASD: GDYN) will replace Revelyst Inc. (NYSE:GEAR) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, January 2. Strategic Value Partners is acquiring Revelyst in a deal expected to close soon pending final conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Jan 2, 2025 S&P SmallCap 600 Addition Grid Dynamics Holdings GDYN Information Technology Jan 2, 2025 S&P SmallCap 600 Deletion Revelyst GEAR Consumer Discretionary For more information about S&P Dow Jo
Key Takeaways: The acquisition of JUXT accelerates Grid Dynamics' growth in the banking and financial services industries, particularly within the European market. JUXT's expertise as a full life cycle developer and operator of mission-critical information systems reinforces Grid Dynamics' go-to-market offering within financial services. The deal expands Grid Dynamics' portfolio of enterprise clients, and reinforces the company's position as a leader in complex data solutions. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services, today announces its acquisition o
Key Takeaways: Rahul Shah joins the Grid Dynamics leadership team as Regional Head, India. In this pivotal role for Grid Dynamics, Rahul is focused on revenue growth, customer acquisition, and talent development. Rahul's 30+ years of industry experience and proven track record of building high-performing teams strengthen Grid Dynamics' ability to accelerate top-line revenue growth. Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and advanced analytics services, today proudly announced that Rahul Shah joined the company as Regional Head, India. Rahul's pivotal role centers around revenu
Key Takeaways:Valery Zelixon joins Grid Dynamics as Senior Vice President of Sales, and under his leadership, Grid Dynamics will enhance its focus on sales and new growth strategies.A results-oriented business transformation leader, Zelixon joins Grid Dynamics with a track record of leading high-performing sales teams.Zelixon joins Grid Dynamics from EPAM where he served as Vice President and Head of North American Hunting Sales.The addition of Zelixon to the executive team strengthens Grid Dynamics' ability to implement its GigaCube growth strategy and accelerate top-line revenue growth.SAN RAMON, CA / ACCESSWIRE / July 11, 2023 / Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics),
Key Takeaways:The new Modern Application Development practice reinforces Grid Dynamics' integrated approach to building secure, cloud-native, and microservices-driven intelligent digital enterprise platforms.With deep experience in building customized digital platforms for the Fortune 1000, Grid Dynamics is expanding its offerings to embrace the cloud, cybersecurity, and automation paradigm as a foundation for Modern Application Development.This new direction prioritizes the need for embedding cybersecurity and Zero Trust-based approaches into the core application development process.The appointment of Chuck Tsocanos, a cloud and cybersecurity veteran, gives Grid Dynamics a distinct advantag
SAN RAMON, CA / ACCESSWIRE / February 28, 2022 / Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leader in enterprise-level digital engineering services and solutions, today announced the appointment of Patrick Nicolet, the former CTO and Executive Board Member of Capgemini, to the company's Board of Directors. This strategic appointment aligns one of the highest respected European thought leaders with Grid Dynamics to enable further the company's impressive growth trajectory, fueled by a customer-first mindset combined with deep industry expertise, advanced applications of technology and data, and human-led design methodologies."Given his extensive experience establishing Capg
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leader in enterprise-level digital transformation, today announced that Rajeev Sharma has joined the executive team as its new Chief Technology Officer. As the Chief Technology Officer, Rajeev will be responsible for defining Grid Dynamics' technical strategy, growing the technical solutions portfolio, and delivering on the promise of digital transformation through technology that became synonymous with Grid Dynamics' brand. "The vision and opportunity to make an impact at Grid Dynamics captured my attention from the very beginning. I love solving complex issues that help our customers increase their business competitiveness th
Record Revenues of $100.4 million and GAAP Net Income of $2.9 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or the "Company"), a leader in enterprise-level digital transformation, today announced results for the first quarter ended March 31, 2025. We are pleased to report first quarter 2025 revenues of $100.4 million, slightly above our outlook range of $98.0 million to $100.0 million that we provided in February 2025. Retail remained our largest vertical accounting for 31.4% of total revenues during the first quarter of 2025. The Finance vertical demonstrated the strongest performance, with revenues increasing 7.9% sequentially and 144.3% on a year-over-year basis.
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, May 1, 2025 to discuss its first quarter 2025 financial results. A press release containing these results will be available on our website prior to the call. A webcast of the video conference call, as well as a replay available after the event, can be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors. About Grid Dynamics Grid Dynamics (NASDAQ:GDYN) is a leading provider of technology consulting, platform and
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, February 20, 2025 to discuss its fourth quarter and full year 2024 financial results. A press release containing these results will be available on our website prior to the call. A webcast of the video conference call, as well as a replay available after the event, can be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors. About Grid Dynamics Grid Dynamics (NASDAQ:GDYN) is a leading provider of technology
Record Revenues of $87.4 million and GAAP Net Income of $4.3 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or the "Company"), a leader in enterprise-level digital transformation, today announced results for the third quarter ended September 30, 2024. We are very pleased to report third quarter 2024 revenues of $87.4 million that was higher than our outlook range of $84.0 million to $86.0 million that we provided in August 2024. Our Retail and Technology, Media and Telecom ("TMT") verticals were the two largest verticals during the third quarter of 2024 with 34.1% and 27.7% of our revenues, respectively. Our Finance vertical, representing 16.2% of our third quarter re
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, October 31, 2024 to discuss its third quarter 2024 financial results. A press release containing these results will be available on our website prior to the call. A webcast of the video conference call may be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors with the passcode: $Q3@2024. A replay will be available after the video conference at https://www.griddynamics.com/investors. About Grid Dynamics Grid
Record revenue of $83.0 million and GAAP Net Loss of $0.8 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or "Company"), a leader in enterprise-level digital transformation, today announced results for the second quarter ended June 30, 2024. We are very pleased to report the second quarter 2024 revenues of $83.0 million that was higher than our outlook range of $80.0 million to $82.0 million that we provided in May 2024. Our Retail and Technology, Media and Telecom ("TMT") verticals were the two largest verticals during the second quarter of 2024 with 32.2% and 28.0% of our revenues, respectively. Our Finance vertical, representing 15.1% of our second quarter revenue
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, August 1, 2024 to discuss its second quarter 2024 financial results. A press release containing these results will be issued before the call. A webcast of the video conference call will be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors with the passcode: $Q2@2024. A replay will be available after the video conference at https://www.griddynamics.com/investors. About Grid Dynamics Grid Dynamics (NASDAQ
Revenue of $79.8 million and GAAP Net Loss of $3.9 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or "Company"), a leader in enterprise-level digital transformation, today announced results for the first quarter ended March 31, 2024. We are very pleased to report the first quarter 2024 revenues of $79.8 million that was higher than our outlook range of $77.0 million to $79.0 million that we provided in February 2024. Our Retail and Technology, Media and Telecom ("TMT") verticals were the two largest verticals during the first quarter of 2024 with 30.9% and 30.1% of our revenues, respectively. Our Finance vertical, representing 12.8% of our first quarter revenues, gr
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, May 2, 2024 to discuss its first quarter 2024 financial results. A press release containing these results will be issued before the call. A webcast of the video conference call will be accessed on the Investor Relations section of the company's website at https://www.griddynamics.com/investors. A replay will be available after the video conference at https://www.griddynamics.com/investors with the passcode: $Q1@2024. About Grid Dynamics Grid Dynamics (NASDAQ:GDY
Fourth Quarter Revenue of $78.1 million and Full Year Revenue of $312.9 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics", "the Company"), a leader in enterprise-level digital transformation, today announced results for its fourth quarter and full year ended December 31, 2023. We are very pleased to report revenue of $78.1 million in the fourth quarter 2023 that was higher than our outlook range of $76 million to $78 million that we provided in November 2023. For the full year 2023, we achieved revenue of $312.9 million, up from $310.5 million in 2022. In the fourth quarter we continued to diversify our industry mix. Notable highlights included the following. Our Techn