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 |
4 - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Issuer)
4 - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Issuer)
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4 - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Issuer)
4 - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Issuer)
4 - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Issuer)
4 - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Issuer)
4 - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Issuer)
4 - GRID DYNAMICS HOLDINGS, INC. (0001743725) (Issuer)
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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
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 22, 2024 to discuss its fourth quarter and full year 2023 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://ir.griddynamics.com/. A replay will be available after the video conference at https://ir.griddynamics.com/ with the passcode $Q4@2023. About Grid Dynamics Grid Dynamics (NASDAQ:GDY
Revenue of $77.4 million and GAAP Net Income of $0.7 million Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) ("Grid Dynamics" or "Company"), a leader in enterprise-level digital transformation, today announced results for the third quarter ended September 30, 2023. We are very pleased to report the third quarter 2023 revenue of $77.4 million. Our non-retail industry verticals represented 65.7% of revenue in the third quarter of 2023, a decrease of 0.8% on a sequential basis and 9.0% on a year-over-year basis. Totaling 34.3% of our third quarter revenue, Retail was our largest vertical and grew 2.0% and 5.1% on a sequential and year-over-year basis, respectively. Our Technology, Media and Tel
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, November 2, 2023 to discuss its third quarter 2023 financial results. A press release containing these results will be issued before the call. A webcast of the video conference will be accessed on the Investor Relations section of the Company's website at https://ir.griddynamics.com/. A replay will be available after the video conference at https://ir.griddynamics.com/ with the passcode $Q3@2023. About Grid Dynamics Grid Dynamics (NASDAQ:GDYN) is a digital-nativ
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
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
Citigroup analyst Ryan Potter maintains Grid Dynamics Holdings (NASDAQ:GDYN) with a Buy and lowers the price target from $15 to $14.
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.
Wedbush analyst Moshe Katri initiated coverage on Grid Dynamics Holdings Inc (NASDAQ:GDYN) with an Outperform rating and a price target of $13. The rating reflected recent, encouraging first quarter and calendar year 2024 results. The company’s GenAI-focused initiatives and product engineering expertise bode well for a second-half calendar year 2024 sequential uptick. See Also: DOJ Case Against Live Nation Is ‘Weak,’ Analysts Say: ‘Separating Ticketmaster… Is Unlikely To Lower Ticket Prices’ Katri noted that the company’s outsized exposure to retail and TMT verticals, which impacted growth in calendar year 2023. He expects the company to post mid-single-digit and mid-double-dig
Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Grid Dynamics Holdings (NASDAQ:GDYN) in the last three months. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 0 0 0 Last 30D 0 1 0 0 0 1M Ago 1 1 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 1 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $15.2, a high estimate of $17.00, and a low estimate of $13.00. This current average represents a
Wedbush analyst Moshe Katri initiates coverage on Grid Dynamics Holdings (NASDAQ:GDYN) with a Outperform rating and announces Price Target of $13.
Needham analyst Mayank Tandon reiterates Grid Dynamics Holdings (NASDAQ:GDYN) with a Buy and maintains $16 price target.
Grid Dynamics Holdings (NASDAQ:GDYN) reported quarterly earnings of $0.07 per share which met the analyst consensus estimate. This is a 12.5 percent decrease over earnings of $0.08 per share from the same period last year. The company reported quarterly sales of $79.817 million which beat the analyst consensus estimate of $77.874 million by 2.50 percent. This is a 0.33 percent decrease over sales of $80.080 million the same period last year.
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
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
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
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
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
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
Key Takeaways: Mobile Computing's presence in Buenos Aires strengthens Grid Dynamics' follow-the-sun delivery model to better serve its enterprise clients. The acquisition expands Grid Dynamics' client portfolio, adding leading companies from the manufacturing, CPG, and financial services industries. Grid Dynamics gains a skilled team known for delivery excellence in digital product co-creation and UI/UX services. 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 of Mobile Computing S.A., a highly regarded software development
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
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
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
Key Takeaways: 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
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