GigaCloud Technology (NASDAQ:GCT) COO Xinyan Hao Sells 100,000 Shares

GigaCloud Technology Inc. (NASDAQ:GCT) COO Xinyan Hao sold 100,000 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $35.18, for a total value of $3,518,000.00. Following the transaction, the chief operating officer directly owned 407,486 shares in the company, valued at approximately $14,335,357.48. This represents a 19.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, November 19th, Xinyan Hao sold 29,319 shares of GigaCloud Technology stock. The stock was sold at an average price of $31.51, for a total value of $923,841.69.
• 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 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 stock was 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 value of $412,534.84.

GigaCloud Technology Trading Up 5.7%

NASDAQ:GCT traded up $1.97 on Tuesday, hitting $36.78. 751,480 shares of the stock were exchanged, compared to its average volume of 926,466. The stock has a fifty day moving average of $29.19 and a 200-day moving average of $24.83. The stock has a market cap of $1.36 billion, a PE ratio of 11.01 and a beta of 2.35. GigaCloud Technology Inc. has a fifty-two week low of $11.17 and a fifty-two week high of $36.80.

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

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings upgraded GigaCloud Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. 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 increased their target price on shares of GigaCloud Technology from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Wall Street Zen raised shares of GigaCloud Technology from a “hold” rating to a “buy” rating in a research report on Tuesday, November 18th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $24.00.

Institutional Trading of GigaCloud Technology

Large investors have recently modified their holdings of the company. CWM LLC grew its position in GigaCloud Technology by 319.8% in the 1st quarter. CWM LLC now owns 2,821 shares of the company’s stock worth $40,000 after purchasing an additional 2,149 shares during the last quarter. Victory Capital Management Inc. grew its holdings in GigaCloud Technology by 95.8% in the 1st quarter. Victory Capital Management Inc. now owns 137,855 shares of the company’s stock worth $1,958,000 after buying an additional 67,455 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in GigaCloud Technology in the 1st quarter valued at approximately $4,806,000. LPL Financial LLC raised its stake in GigaCloud Technology by 32.2% during the 1st quarter. LPL Financial LLC now owns 164,605 shares of the company’s stock valued at $2,337,000 after acquiring an additional 40,117 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in GigaCloud Technology during the 1st quarter worth $103,000. 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.