Grid Dynamics Unveils AI For Developer Productivity Toolkit; Specialized Applications Enhance Software Development Scenarios Including Application Modernization, Test Automation, And Cloud Deployment Observability; Enables Faster, More Efficient Problem Solving Compared To General-Purpose Coding Tools

6/24/24 9:15:56 AM ET

$GDYN

Computer Software: Prepackaged Software

Technology

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Grid Dynamics releases a collection of tools for end-to-end automation of several common software development scenarios.
These powerful, purpose-built tools enable Grid Dynamics and its clients to significantly accelerate the modernization of legacy projects, the development of new applications, and the productivity of site reliability engineers.
The new tools provide a level of advanced automation that is unattainable with commonly used GenAI coding copilots.

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Recent Analyst Ratings for
$GDYN

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

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$GDYN
Financials

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Grid Dynamics Reports Third Quarter 2024 Financial Results
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
10/31/24 4:05:00 PM ET
$GDYN
Computer Software: Prepackaged Software
Technology
Grid Dynamics to Announce Third Quarter 2024 Financial Results on October 31st
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
10/1/24 4:05:00 PM ET
$GDYN
Computer Software: Prepackaged Software
Technology
Grid Dynamics Reports Second Quarter 2024 Financial Results
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 $82.0 million that we provided in May 2024. Our Retail and Technology, Media and Telecom ("TMT") verticals were the two largest verticals during the second quarter of 2024 with 32.2% and 28.0% of our revenues, respectively. Our Finance vertical, representing 15.1% of our second quarter revenue
8/1/24 4:05:00 PM ET
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Computer Software: Prepackaged Software
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$GDYN
Market Insights

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Grid Dynamics Introduces AI-Powered Data Observability Starter Kit
The AI-powered Data Observability Starter Kit from Grid Dynamics helps clients ensure data quality, enabling them to develop AI solutions more rapidly and maintain operational integrity.The capabilities of this new starter kit are vital in today's data driven world, delivering comprehensive data quality checks across diverse data sources, including anomaly detection and statistical distribution checks, for both structured and unstructured data.To accelerate time-to-market, the Data Observability Starter Kit offers clients a range of pre-built integrations with major data platforms and data warehouses.The new starter kit extends the capabilities of Grid Dynamics' Analytics Platform to provide
7/25/24 9:16:43 AM ET
$GDYN
Computer Software: Prepackaged Software
Technology
Navigating 5 Analyst Ratings For Grid Dynamics Holdings
5 analysts have shared their evaluations of Grid Dynamics Holdings (NASDAQ:GDYN) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 2 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 0 0 0 3M Ago 2 1 0 0 0 Analysts have recently evaluated Grid Dynamics Holdings and provided 12-month price targets. The average target is $14.6, accompanied by a high estimate of $16.00 and a low estimate o
7/12/24 4:00:25 PM ET
$GDYN
Computer Software: Prepackaged Software
Technology
Citigroup Maintains Buy on Grid Dynamics Holdings, Lowers Price Target to $14
Citigroup analyst Ryan Potter maintains Grid Dynamics Holdings (NASDAQ:GDYN) with a Buy and lowers the price target from $15 to $14.
7/12/24 3:34:00 PM ET
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Computer Software: Prepackaged Software
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$GDYN
Leadership Updates

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Grid Dynamics Expands Global Footprint with JUXT Acquisition, Strengthening Expertise in Banking and Financial Services
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
9/26/24 4:05:00 PM ET
$GDYN
Computer Software: Prepackaged Software
Technology
Grid Dynamics Appoints Industry Veteran Rahul Shah to Lead Business Expansion in India
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
4/11/24 9:00:00 AM ET
$GDYN
Computer Software: Prepackaged Software
Technology
Grid Dynamics Welcomes Valery Zelixon, a Proven Revenue Catalyst, as Senior Vice President of Sales
Key Takeaways:Valery Zelixon joins Grid Dynamics as Senior Vice President of Sales, and under his leadership, Grid Dynamics will enhance its focus on sales and new growth strategies.A results-oriented business transformation leader, Zelixon joins Grid Dynamics with a track record of leading high-performing sales teams.Zelixon joins Grid Dynamics from EPAM where he served as Vice President and Head of North American Hunting Sales.The addition of Zelixon to the executive team strengthens Grid Dynamics' ability to implement its GigaCube growth strategy and accelerate top-line revenue growth.SAN RAMON, CA / ACCESSWIRE / July 11, 2023 / Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics),
7/11/23 8:45:00 AM ET
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$GDYN
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Grid Dynamics Introduces Composable Commerce Starter Kit on Microsoft Azure, Enabling Rapid Replacement of Legacy Systems with Modern Digital Commerce Capabilities
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
11/21/24 9:15:00 AM ET
$GDYN
Computer Software: Prepackaged Software
Technology
Grid Dynamics Announces Pricing of Public Offering
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in technology consulting, platform and product engineering, AI, and digital engagement services, today announced the pricing of an underwritten public offering of 5,750,000 shares of its common stock at a price to the public of $17.25 per share. The expected net proceeds of the offering after expenses are approximately $93.4 million, which are intended to be used for working capital, capital expenditures and other general corporate purposes including acquisitions. Closing of the offering is expected to occur on November 14, 2024, subject to customary closing conditions. In addition, Grid Dynamics granted the underwrite
11/12/24 10:13:00 PM ET
$GDYN
Computer Software: Prepackaged Software
Technology
Grid Dynamics Announces Proposed Public Offering
Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics"), a leader in technology consulting, platform and product engineering, AI, and digital engagement services, today announced the launch of a proposed underwritten public offering of 5,000,000 shares of its common stock. All of the shares to be sold in the offering are to be sold by Grid Dynamics. In addition, Grid Dynamics expects to grant the underwriters a 30-day option to purchase up to 750,000 additional shares of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering. J.P. Morgan Se
11/12/24 4:40:00 PM ET
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Recent Analyst Ratings for $GDYN

$GDYN Financials

Live finance-specific insights

Grid Dynamics Reports Third Quarter 2024 Financial Results

Grid Dynamics to Announce Third Quarter 2024 Financial Results on October 31st

Grid Dynamics Reports Second Quarter 2024 Financial Results

$GDYN Market Insights

Live Market Insights

Grid Dynamics Introduces AI-Powered Data Observability Starter Kit

Navigating 5 Analyst Ratings For Grid Dynamics Holdings

Citigroup Maintains Buy on Grid Dynamics Holdings, Lowers Price Target to $14

$GDYN Leadership Updates

Live Leadership Updates

Grid Dynamics Expands Global Footprint with JUXT Acquisition, Strengthening Expertise in Banking and Financial Services

Grid Dynamics Appoints Industry Veteran Rahul Shah to Lead Business Expansion in India

Grid Dynamics Welcomes Valery Zelixon, a Proven Revenue Catalyst, as Senior Vice President of Sales

$GDYN Large Ownership Changes

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Amendment: SEC Form SC 13D/A filed by Grid Dynamics Holdings Inc.

SEC Form SC 13G/A filed by Grid Dynamics Holdings Inc. (Amendment)

SEC Form SC 13G filed by Grid Dynamics Holdings Inc.

$GDYN SEC Filings

Grid Dynamics Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits

SEC Form 424B5 filed by Grid Dynamics Holdings Inc.

SEC Form 424B5 filed by Grid Dynamics Holdings Inc.

$GDYN Analyst Ratings

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Grid Dynamics upgraded by TD Cowen with a new price target

Wedbush initiated coverage on Grid Dynamics with a new price target

Northland Capital Markets reiterated coverage on Grid Dynamics Holdings with a new price target

$GDYN Press Releases

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Grid Dynamics Introduces Composable Commerce Starter Kit on Microsoft Azure, Enabling Rapid Replacement of Legacy Systems with Modern Digital Commerce Capabilities

Grid Dynamics Announces Pricing of Public Offering

Grid Dynamics Announces Proposed Public Offering

$GDYN Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

CHIEF EXECUTIVE OFFICER Livschitz Leonard sold $320,000 worth of shares (20,000 units at $16.00), decreasing direct ownership by 0.59% to 3,390,901 units (SEC Form 4)

CHIEF FINANCIAL OFFICER Doradla Anil sold $70,640 worth of shares (4,000 units at $17.66), decreasing direct ownership by 1% to 376,282 units (SEC Form 4)

CHIEF EXECUTIVE OFFICER Livschitz Leonard sold $90,000 worth of shares (5,000 units at $18.00), decreasing direct ownership by 0.15% to 3,410,900 units (SEC Form 4)

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