Xinyan Hao Sells 29,319 Shares of GigaCloud Technology (NASDAQ:GCT) Stock

GigaCloud Technology Inc. (NASDAQ:GCT) COO Xinyan Hao sold 29,319 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $15,990,883.86. This represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $30.42, for a total value 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 value 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 transaction of $1,008,300.00.
• On Friday, November 7th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The shares were 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 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

Shares of NASDAQ GCT traded up $0.54 on Wednesday, hitting $31.98. The company’s stock had a trading volume of 581,075 shares, compared to its average volume of 926,475. The stock has a 50 day moving average of $28.89 and a 200-day moving average of $24.28. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.57 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.

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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GCT. Vanguard Group Inc. boosted its position in shares of GigaCloud Technology by 18.2% in the third quarter. Vanguard Group Inc. now owns 803,664 shares of the company’s stock worth $22,824,000 after acquiring an additional 123,596 shares during the last quarter. Geode Capital Management LLC increased its position in GigaCloud Technology by 9.1% during the second quarter. Geode Capital Management LLC now owns 630,805 shares of the company’s stock worth $12,479,000 after purchasing an additional 52,415 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in GigaCloud Technology during the third quarter worth approximately $14,335,000. Nuveen LLC acquired a new position in shares of GigaCloud Technology in the 1st quarter valued at $6,502,000. Finally, UBS Group AG boosted its holdings in shares of GigaCloud Technology by 133.8% in the 3rd quarter. UBS Group AG now owns 441,992 shares of the company’s stock valued at $12,553,000 after purchasing an additional 252,934 shares during the last quarter. Institutional investors and hedge funds own 34.94% of the company’s stock.

Wall Street Analyst Weigh In

GCT has been the subject of a number of recent research reports. 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 research report on Friday, August 8th. Wall Street Zen upgraded shares of GigaCloud Technology from a “hold” rating to a “buy” rating in a report on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of GigaCloud Technology in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.00.

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.