GigaCloud Technology (NASDAQ:GCT) COO Sells $923,841.69 in Stock

GigaCloud Technology Inc. (NASDAQ:GCT) COO Xinyan Hao sold 29,319 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $31.51, for a total value of $923,841.69. Following the completion of the sale, the chief operating officer owned 507,486 shares of the company’s stock, valued at approximately $15,990,883.86. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $30.32, for a total value of $909,600.00.
• On Friday, November 14th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The shares were 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 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 transaction 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 Trading Up 10.2%

NASDAQ GCT opened at $34.88 on Friday. GigaCloud Technology Inc. has a 12-month low of $11.17 and a 12-month high of $35.81. The firm’s fifty day simple moving average is $29.11 and its two-hundred day simple moving average is $24.54. 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 (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 analysts’ consensus estimates of $0.65 by $0.34. GigaCloud Technology had a net margin of 10.62% and a return on equity of 30.43%. The business had revenue of $332.64 million for the quarter, compared to analyst estimates of $300.96 million. During the same quarter in the prior year, the business posted $1.15 EPS. GigaCloud Technology’s revenue for the quarter was up 9.7% compared to the same quarter last year. GigaCloud Technology has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that GigaCloud Technology Inc. will post 3.1 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

GCT has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Lake Street Capital lifted 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. Wall Street Zen upgraded GigaCloud Technology from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of GigaCloud Technology in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, GigaCloud Technology currently has an average rating of “Hold” and an average price target of $24.00.

Institutional Trading of GigaCloud Technology

Institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in GigaCloud Technology by 184.6% in the third quarter. Jones Financial Companies Lllp now owns 908 shares of the company’s stock worth $27,000 after acquiring an additional 589 shares during the period. Quarry LP purchased a new stake in GigaCloud Technology in the third quarter valued at $29,000. Larson Financial Group LLC acquired a new position in shares of GigaCloud Technology in the 3rd quarter valued at $30,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of GigaCloud Technology during the 3rd quarter worth $30,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of GigaCloud Technology during the 2nd quarter worth about $35,000. Hedge funds and other institutional investors 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.