Long Position on GDYN @ $39.50 on 12/9/2021 (Momentum)

Grid Dynamics Holdings, Inc. (GDYN) provides enterprise-level digital transformation services for Fortune 1000 corporations in the United States, and Central and Eastern European countries. Stockwinners

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. 

Shares have formed a bullish "flag" following the company's latest quarterly report. On November 4th, Grid Dynamics Holdings (GDYN) reported 3rd Quarter September 2021 earnings of $0.11 per share on revenue of $57.9 million. The consensus earnings estimate was $0.08 per share on revenue of $50.9 million. Revenue grew 120.0% on a year-over-year basis.

The company said it expects fourth quarter revenue of $58.0 million to $59.0 million. The current consensus revenue estimate is $52.30 million for the quarter ending December 31, 2021.

 

Entry Point: $39.50

Stop Loss: $37.25

Trading Range: $10.98 to $41.96

Target Price: $43.50

Position closed on 12/28/2021 at price of $38.00 with a -3.80% loss in 19 days.

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