GigaCloud Technology (NASDAQ:GCT) COO Xinyan Hao Sells 30,000 Shares

GigaCloud Technology Inc. (NASDAQ:GCT) COO Xinyan Hao sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $30.29, for a total value of $908,700.00. Following the transaction, the chief operating officer directly owned 746,805 shares of the company’s stock, valued at $22,620,723.45. This represents a 3.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 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 transaction 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 Price Performance

GCT stock opened at $31.92 on Wednesday. The firm has a market cap of $1.20 billion, a PE ratio of 9.56 and a beta of 2.35. GigaCloud Technology Inc. has a 12 month low of $11.17 and a 12 month high of $34.50. The firm has a 50 day simple moving average of $28.51 and a 200 day simple moving average of $23.65.

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

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

Hedge Funds Weigh In On GigaCloud Technology

A number of institutional investors have recently made changes to their positions in GCT. Jones Financial Companies Lllp boosted its stake in GigaCloud Technology by 184.6% during the 3rd 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 period. Ameritas Advisory Services LLC acquired a new position in GigaCloud Technology during the 2nd quarter valued at $35,000. CWM LLC boosted its holdings in GigaCloud Technology by 319.8% in the 1st quarter. CWM LLC now owns 2,821 shares of the company’s stock valued at $40,000 after purchasing an additional 2,149 shares during the period. Tower Research Capital LLC TRC raised its position in shares of GigaCloud Technology by 25.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,372 shares of the company’s stock valued at $47,000 after buying an additional 483 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of GigaCloud Technology by 17.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,705 shares of the company’s stock valued at $54,000 after buying an additional 405 shares during the period. 34.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Zacks Research upgraded shares of GigaCloud Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Lake Street Capital lifted their price objective on GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wall Street Zen lowered GigaCloud Technology from a “buy” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of GigaCloud Technology in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” 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.