GigaCloud Technology (NASDAQ:GCT) COO Xinyan Hao Sells 29,319 Shares

GigaCloud Technology Inc. (NASDAQ:GCT) COO Xinyan Hao sold 29,319 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $31.51, for a total transaction of $923,841.69. Following the sale, the chief operating officer owned 507,486 shares of the company’s stock, valued at $15,990,883.86. This represents a 5.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, November 17th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $30.32, for a total transaction of $909,600.00.
• 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 transaction of $912,600.00.
• 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 transaction 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 transaction 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 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 shares were sold at an average price of $30.02, for a total transaction of $412,534.84.

GigaCloud Technology Stock Performance

Shares of NASDAQ:GCT opened at $31.98 on Thursday. GigaCloud Technology Inc. has a one year low of $11.17 and a one year high of $34.50. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.57 and a beta of 2.35. The company has a 50-day simple moving average of $28.96 and a 200-day simple moving average of $24.33.

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, beating the consensus estimate of $0.65 by $0.34. The firm had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $300.96 million. GigaCloud Technology had a return on equity of 30.43% and a net margin of 10.62%.The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 EPS. 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 fiscal year.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. boosted its position in shares of GigaCloud Technology by 17.6% in the 2nd 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 raised 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. lifted its holdings in shares of GigaCloud Technology by 5.6% in the second quarter. Stratos Wealth Partners LTD. now owns 10,945 shares of the company’s stock valued at $217,000 after purchasing an additional 585 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of GigaCloud Technology by 184.6% in the third quarter. Jones Financial Companies Lllp now owns 908 shares of the company’s stock valued at $27,000 after purchasing an additional 589 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of GigaCloud Technology by 14.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,853 shares of the company’s stock valued at $166,000 after purchasing an additional 759 shares during the last quarter. Hedge funds and other institutional investors own 34.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of GigaCloud Technology from a “hold” rating to a “buy” rating in a research report on Tuesday. 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. Weiss Ratings reissued a “hold (c+)” rating on shares of GigaCloud Technology in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research report 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. According to data from MarketBeat, the stock has an average 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.