GigaCloud Technology (NASDAQ:GCT) COO Xinyan Hao Sells 30,000 Shares

GigaCloud Technology Inc. (NASDAQ:GCT) COO Xinyan Hao sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $30.29, for a total value of $908,700.00. Following the transaction, the chief operating officer directly owned 746,805 shares in the company, valued at approximately $22,620,723.45. This represents a 3.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Xinyan Hao also recently made the following trade(s):

• On Monday, November 10th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $33.61, for a total value of $1,008,300.00.
• On Wednesday, October 29th, Xinyan Hao sold 16,939 shares of GigaCloud Technology stock. The stock was sold at an average price of $30.01, for a total value of $508,339.39.
• On Monday, September 29th, Xinyan Hao sold 13,742 shares of GigaCloud Technology stock. The stock was sold at an average price of $30.02, for a total transaction of $412,534.84.

GigaCloud Technology Stock Up 0.6%

GCT stock opened at $32.12 on Thursday. GigaCloud Technology Inc. has a twelve month low of $11.17 and a twelve month high of $34.50. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 9.62 and a beta of 2.35. The firm’s fifty day simple moving average is $28.64 and its two-hundred day simple moving average is $23.71.

GigaCloud Technology (NASDAQ:GCT) last released its earnings results on Thursday, November 6th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.34. GigaCloud Technology had a net margin of 10.62% and a return on equity of 30.43%. The firm had revenue of $332.64 million during the quarter, compared to analyst estimates of $300.96 million. During the same quarter last year, the business earned $1.15 EPS. The business’s revenue was up 9.7% on a year-over-year basis. GigaCloud Technology has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that GigaCloud Technology Inc. will post 3.1 EPS for the current year.

GigaCloud Technology announced that its Board of Directors has initiated a stock buyback program on Monday, August 18th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GCT. Zacks Research raised GigaCloud Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Lake Street Capital boosted their price objective on GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of GigaCloud Technology in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded GigaCloud Technology from a “buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, GigaCloud Technology presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GCT. Jones Financial Companies Lllp increased its holdings in GigaCloud Technology by 184.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 908 shares of the company’s stock worth $27,000 after purchasing an additional 589 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of GigaCloud Technology in the 2nd quarter worth $35,000. CWM LLC grew its position in shares of GigaCloud Technology by 319.8% during the 1st quarter. CWM LLC now owns 2,821 shares of the company’s stock worth $40,000 after buying an additional 2,149 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of GigaCloud Technology by 25.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,372 shares of the company’s stock worth $47,000 after buying an additional 483 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of GigaCloud Technology by 17.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,705 shares of the company’s stock valued at $54,000 after buying an additional 405 shares during the period. Institutional investors own 34.94% of the company’s stock.

About GigaCloud Technology

GigaCloud Technology Inc provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally. The company offers GigaCloud Marketplace integrates product discovery to payments to logistics tools into one easy-to-use platform. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories.