Empowered Funds LLC Increases Stock Position in GigaCloud Technology Inc. $GCT

Empowered Funds LLC raised its stake in shares of GigaCloud Technology Inc. (NASDAQ:GCT) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 201,956 shares of the company’s stock after purchasing an additional 3,023 shares during the period. Empowered Funds LLC owned 0.53% of GigaCloud Technology worth $3,995,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of GigaCloud Technology in the first quarter worth about $6,502,000. Pacer Advisors Inc. purchased a new stake in shares of GigaCloud Technology during the 1st quarter worth approximately $4,806,000. AQR Capital Management LLC boosted its position in shares of GigaCloud Technology by 355.1% during the 1st quarter. AQR Capital Management LLC now owns 99,669 shares of the company’s stock valued at $1,415,000 after acquiring an additional 77,769 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of GigaCloud Technology during the 1st quarter valued at approximately $981,000. Finally, Victory Capital Management Inc. grew its holdings 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 purchasing an additional 67,455 shares in the last quarter. 34.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of GigaCloud Technology from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Research cut shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. 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 report on Friday, August 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of GigaCloud Technology in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.00.

GigaCloud Technology Price Performance

GigaCloud Technology stock opened at $34.88 on Friday. The firm has a market capitalization of $1.29 billion, a P/E ratio of 10.44 and a beta of 2.35. GigaCloud Technology Inc. has a 1-year low of $11.17 and a 1-year high of $35.81. The company’s 50-day moving average is $29.11 and its 200 day moving average is $24.54.

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

GigaCloud Technology announced that its Board of Directors has authorized a share repurchase plan 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 plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at GigaCloud Technology

In other news, CEO Lei Wu sold 100,000 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $28.52, for a total transaction of $2,852,000.00. Following the completion of the sale, the chief executive officer directly owned 60,000 shares of the company’s stock, valued at approximately $1,711,200. The trade was a 62.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Xinyan Hao sold 30,000 shares of the company’s 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 completion of the transaction, the chief operating officer owned 566,805 shares in the company, valued at approximately $17,185,527.60. The trade was a 5.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 310,000 shares of company stock worth $9,380,316 in the last ninety days. 24.71% of the stock is currently owned by corporate insiders.

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.