GigaCloud Technology (NASDAQ:GCT) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of GigaCloud Technology (NASDAQ:GCT) from a buy rating to a hold rating in a research note released on Monday morning.

A number of other brokerages have also weighed in on GCT. Zacks Research raised GigaCloud Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of GigaCloud Technology in a report on Wednesday, October 8th. Finally, Lake Street Capital upped their price objective on GigaCloud Technology from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.00.

GigaCloud Technology Stock Performance

Shares of GCT opened at $32.12 on Monday. The stock has a market capitalization of $1.21 billion, a P/E ratio of 9.62 and a beta of 2.35. GigaCloud Technology has a 1 year low of $11.17 and a 1 year high of $34.50. The company’s fifty day moving average is $28.64 and its two-hundred day moving average is $23.71.

GigaCloud Technology (NASDAQ:GCT) last released its earnings results on Thursday, November 6th. The company reported $0.99 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 company had revenue of $332.64 million during the quarter, compared to analysts’ expectations 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. Sell-side analysts predict that GigaCloud Technology will post 3.1 EPS for the current year.

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

Insiders Place Their Bets

In related news, CEO Lei Wu sold 100,000 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $28.52, for a total value of $2,852,000.00. Following the sale, the chief executive officer directly owned 60,000 shares in the company, valued at $1,711,200. The trade was a 62.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marshall Bernes sold 16,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $31.29, for a total transaction of $500,640.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 210,681 shares of company stock worth $6,319,594. 24.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. grew its holdings 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 worth $54,000 after buying an additional 405 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in GigaCloud Technology by 25.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,372 shares of the company’s stock worth $47,000 after acquiring an additional 483 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in GigaCloud Technology by 5.6% during the second quarter. Stratos Wealth Partners LTD. now owns 10,945 shares of the company’s stock worth $217,000 after acquiring an additional 585 shares during the last quarter. Jones Financial Companies Lllp grew its stake in GigaCloud Technology by 184.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 908 shares of the company’s stock worth $27,000 after acquiring an additional 589 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in GigaCloud Technology by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 74,234 shares of the company’s stock valued at $1,054,000 after acquiring an additional 1,028 shares during the last quarter. 34.94% of the stock is currently owned by hedge funds and other institutional investors.

GigaCloud Technology Company Profile

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.