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

GigaCloud Technology Inc. (NASDAQ:GCT) COO Xinyan Hao sold 30,000 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $30.42, for a total value of $912,600.00. Following the transaction, the chief operating officer owned 596,805 shares in the company, valued at approximately $18,154,808.10. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, November 12th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The shares were 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 stock was 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 stock was 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 shares were 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 Down 2.8%

Shares of GigaCloud Technology stock opened at $30.42 on Friday. GigaCloud Technology Inc. has a 12-month low of $11.17 and a 12-month high of $34.50. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.11 and a beta of 2.35. The firm’s 50-day moving average price is $28.81 and its two-hundred day moving average price is $23.95.

GigaCloud Technology (NASDAQ:GCT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.34. The company had revenue of $332.64 million during 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 firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 EPS. GigaCloud Technology has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that GigaCloud Technology Inc. will post 3.1 earnings per share for the current year.

GigaCloud Technology announced that its board has authorized a stock repurchase program on Monday, August 18th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On GigaCloud Technology

Hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in GigaCloud Technology in the 1st quarter worth about $981,000. Pacer Advisors Inc. bought a new stake in shares of GigaCloud Technology during the first quarter worth about $4,806,000. Victory Capital Management Inc. increased its stake 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 valued at $1,958,000 after buying an additional 67,455 shares during the period. Principal Financial Group Inc. increased its stake in shares of GigaCloud Technology by 1.4% in the first quarter. Principal Financial Group Inc. now owns 74,234 shares of the company’s stock valued at $1,054,000 after buying an additional 1,028 shares during the period. Finally, State of Wyoming bought a new position in GigaCloud Technology in the 1st quarter valued at approximately $173,000. Institutional investors and hedge funds own 34.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered GigaCloud Technology from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Lake Street Capital raised their price objective on GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of GigaCloud Technology in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, GigaCloud Technology presently has a consensus rating of “Hold” and an average price target of $24.00.

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.