GigaCloud Technology (NASDAQ:GCT) COO Sells $944,400.00 in Stock

GigaCloud Technology Inc. (NASDAQ:GCT) COO Xinyan Hao sold 30,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $31.48, for a total value of $944,400.00. Following the completion of the sale, the chief operating officer directly owned 656,805 shares of the company’s stock, valued at $20,676,221.40. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, November 14th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $30.42, for a total transaction of $912,600.00.
• On Monday, November 10th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $33.61, for a total transaction of $1,008,300.00.
• On Friday, November 7th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $30.29, for a total value of $908,700.00.
• 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 value of $412,534.84.

GigaCloud Technology Stock Down 2.8%

NASDAQ:GCT traded down $0.89 during midday trading on Friday, reaching $30.42. The stock had a trading volume of 534,437 shares, compared to its average volume of 802,236. The stock has a market cap of $1.13 billion, a P/E ratio of 9.37 and a beta of 2.35. The firm has a fifty day simple moving average of $28.81 and a two-hundred day simple moving average of $23.88. GigaCloud Technology Inc. has a 12-month low of $11.17 and a 12-month high of $34.50.

GigaCloud Technology (NASDAQ:GCT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.34. GigaCloud Technology had a net margin of 10.62% and a return on equity of 30.43%. The business had revenue of $332.64 million for the quarter, compared to analyst estimates of $300.96 million. During the same period in the previous year, the business posted $1.15 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. GigaCloud Technology has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that GigaCloud Technology Inc. will post 3.1 earnings per share for the current fiscal year.

GigaCloud Technology announced that its board has authorized a share repurchase program on Monday, August 18th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wall Street Zen downgraded GigaCloud Technology from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Research downgraded shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GigaCloud Technology in a report on Wednesday, October 8th. Finally, Lake Street Capital increased their price target on shares of GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, GigaCloud Technology has a consensus rating of “Hold” and a consensus price target of $24.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GCT. Cubist Systematic Strategies LLC purchased a new position in GigaCloud Technology in the first quarter valued at approximately $981,000. Pacer Advisors Inc. acquired a new stake in shares of GigaCloud Technology in the first quarter worth $4,806,000. Victory Capital Management Inc. increased its position in shares of GigaCloud Technology by 95.8% in the first quarter. Victory Capital Management Inc. now owns 137,855 shares of the company’s stock worth $1,958,000 after acquiring an additional 67,455 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of 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 period. Finally, State of Wyoming acquired a new position in shares of GigaCloud Technology during the 1st quarter valued at $173,000. 34.94% of the stock is owned by hedge funds and other institutional investors.

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.