GigaCloud Technology (NASDAQ:GCT) Announces Earnings Results

GigaCloud Technology (NASDAQ:GCT) posted its quarterly earnings results on Thursday. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.34, Zacks reports. GigaCloud Technology had a net margin of 10.62% and a return on equity of 31.17%. The firm had revenue of $332.64 million for the quarter, compared to the consensus estimate of $300.96 million. During the same quarter in the previous year, the company earned $1.15 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. GigaCloud Technology updated its Q4 2025 guidance to EPS.

GigaCloud Technology Price Performance

Shares of GCT traded up $7.65 on Friday, hitting $33.11. The company’s stock had a trading volume of 3,395,927 shares, compared to its average volume of 588,967. The company has a market capitalization of $1.25 billion, a PE ratio of 9.91 and a beta of 2.35. GigaCloud Technology has a fifty-two week low of $11.17 and a fifty-two week high of $34.50. The company has a 50 day moving average price of $28.23 and a 200 day moving average price of $23.30.

GigaCloud Technology declared that its board has initiated a share repurchase plan on Monday, August 18th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of GigaCloud Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Wall Street Zen upgraded shares of GigaCloud Technology from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of GigaCloud Technology in a research note on Wednesday, October 8th. Finally, Lake Street Capital increased their target price on GigaCloud Technology from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, GigaCloud Technology presently has an average rating of “Moderate Buy” and an average target price of $24.00.

Insider Activity at GigaCloud Technology

In other GigaCloud Technology news, insider Marshall Bernes sold 16,000 shares of GigaCloud Technology stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $31.29, for a total value of $500,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Xinyan Hao sold 16,939 shares of the business’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $30.01, for a total value of $508,339.39. Following the completion of the transaction, the chief operating officer directly owned 776,805 shares in the company, valued at approximately $23,311,918.05. This represents a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 150,681 shares of company stock valued at $4,402,594 in the last three months. Corporate insiders own 24.71% of the company’s stock.

Hedge Funds Weigh In On GigaCloud Technology

Several large investors have recently made changes to their positions in GCT. JPMorgan Chase & Co. grew its holdings in GigaCloud Technology by 67.7% during the second quarter. JPMorgan Chase & Co. now owns 339,885 shares of the company’s stock valued at $6,723,000 after purchasing an additional 137,201 shares during the period. Vanguard Group Inc. boosted its position in shares of GigaCloud Technology by 18.2% during the third quarter. Vanguard Group Inc. now owns 803,664 shares of the company’s stock worth $22,824,000 after purchasing an additional 123,596 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of GigaCloud Technology by 355.1% in the 1st quarter. AQR Capital Management LLC now owns 99,669 shares of the company’s stock valued at $1,415,000 after buying an additional 77,769 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of GigaCloud Technology in the 2nd quarter valued at $847,000. Finally, Goldman Sachs Group Inc. increased its position in shares of GigaCloud Technology by 24.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 142,055 shares of the company’s stock valued at $2,017,000 after buying an additional 28,309 shares in the last quarter. Institutional investors and hedge funds own 34.94% of the company’s stock.

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.