GigaCloud Technology (NASDAQ:GCT) COO Sells $909,600.00 in Stock

GigaCloud Technology Inc. (NASDAQ:GCT) COO Xinyan Hao sold 30,000 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $30.32, for a total transaction of $909,600.00. Following the transaction, the chief operating officer directly owned 566,805 shares in the company, valued at $17,185,527.60. This trade represents a 5.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, November 19th, Xinyan Hao sold 29,319 shares of GigaCloud Technology stock. The shares were sold at an average price of $31.51, for a total value of $923,841.69.
• On Friday, November 14th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $30.42, for a total value of $912,600.00.
• On Wednesday, November 12th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $31.48, for a total value of $944,400.00.
• 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 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 Trading Up 1.7%

NASDAQ GCT traded up $0.54 during mid-day trading on Wednesday, hitting $31.98. The company’s stock had a trading volume of 581,075 shares, compared to its average volume of 926,475. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.57 and a beta of 2.35. The company’s 50 day simple moving average is $28.89 and its 200 day simple moving average is $24.28. GigaCloud Technology Inc. has a twelve month low of $11.17 and a twelve month high of $34.50.

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

GigaCloud Technology declared that its Board of Directors has authorized a stock buyback plan on Monday, August 18th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded GigaCloud Technology from a “hold” rating to a “buy” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GigaCloud Technology in a research report on Wednesday, October 8th. Lake Street Capital upped their price target on GigaCloud Technology from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Zacks Research cut GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.00.

Institutional Trading of GigaCloud Technology

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of GigaCloud Technology by 18.2% in the third quarter. Vanguard Group Inc. now owns 803,664 shares of the company’s stock valued at $22,824,000 after buying an additional 123,596 shares during the period. Geode Capital Management LLC grew its stake in shares of GigaCloud Technology by 9.1% during the 2nd quarter. Geode Capital Management LLC now owns 630,805 shares of the company’s stock worth $12,479,000 after acquiring an additional 52,415 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in GigaCloud Technology in the 3rd quarter worth about $14,335,000. Nuveen LLC bought a new stake in GigaCloud Technology in the 1st quarter valued at about $6,502,000. Finally, UBS Group AG lifted its holdings in GigaCloud Technology by 133.8% during the third quarter. UBS Group AG now owns 441,992 shares of the company’s stock valued at $12,553,000 after purchasing an additional 252,934 shares during the last quarter. 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.