Cetera Investment Advisers Has $2.41 Million Position in GigaCloud Technology Inc. $GCT

Cetera Investment Advisers boosted its holdings in GigaCloud Technology Inc. (NASDAQ:GCT) by 55.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 53,180 shares of the company’s stock after acquiring an additional 18,914 shares during the quarter. Cetera Investment Advisers’ holdings in GigaCloud Technology were worth $2,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. KBC Group NV bought a new stake in shares of GigaCloud Technology during the 1st quarter valued at $1,740,000. Y Intercept Hong Kong Ltd boosted its position in shares of GigaCloud Technology by 407.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 52,774 shares of the company’s stock worth $2,395,000 after purchasing an additional 42,384 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of GigaCloud Technology during the fourth quarter worth $626,000. Dimensional Fund Advisors LP grew its stake in shares of GigaCloud Technology by 252.3% during the first quarter. Dimensional Fund Advisors LP now owns 472,344 shares of the company’s stock worth $21,424,000 after purchasing an additional 338,269 shares during the period. Finally, Denali Advisors LLC grew its stake in shares of GigaCloud Technology by 128.9% during the fourth quarter. Denali Advisors LLC now owns 38,224 shares of the company’s stock worth $1,501,000 after purchasing an additional 21,524 shares during the period. 34.94% of the stock is owned by institutional investors.

GigaCloud Technology Stock Performance

Shares of GCT opened at $53.25 on Friday. The stock has a 50 day simple moving average of $36.38 and a 200 day simple moving average of $39.61. GigaCloud Technology Inc. has a 52-week low of $24.86 and a 52-week high of $56.27. The firm has a market capitalization of $1.96 billion, a PE ratio of 12.59 and a beta of 1.65.

GigaCloud Technology (NASDAQ:GCT) last announced its earnings results on Thursday, August 6th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.90 by $0.26. GigaCloud Technology had a net margin of 10.65% and a return on equity of 32.23%. The firm had revenue of $411.64 million for the quarter, compared to the consensus estimate of $380.63 million. Equities research analysts predict that GigaCloud Technology Inc. will post 4.18 EPS for the current fiscal year.

GigaCloud Technology News Summary

Here are the key news stories impacting GigaCloud Technology this week:

• Positive Sentiment: Q2 results beat estimates: Revenue rose 27.6% year over year to $411.6 million, above the roughly $380.6 million consensus estimate, while diluted EPS of $1.16 exceeded estimates ranging from $0.85 to $0.90. Net income increased 22.3% to $42.3 million, and adjusted EBITDA climbed 39.5% to $60.4 million. GigaCloud Technology Q2 financial results
• Positive Sentiment: Margins and operating metrics improved: Gross margin expanded to 25.6% from 23.9% a year earlier. Marketplace GMV grew 21.3% to $1.74 billion over the latest 12 months, while third-party seller GMV rose 27.0%; active sellers and buyers increased 26.1% and 17.1%, respectively.
• Positive Sentiment: Guidance topped expectations: GigaCloud forecast third-quarter revenue of $375 million to $400 million, above the approximately $370.7 million analyst consensus, reinforcing expectations for continued growth. GigaCloud Q2 results and guidance
• Positive Sentiment: Buyback expanded: The company authorized a new three-year, $120 million share-repurchase program after buying back approximately $30 million of shares during the quarter and another $18 million after quarter-end. The move signals management’s confidence and could support per-share results. The earnings call also highlighted 66% European GMV growth and the integration of New Classic. GCT earnings call takeaways
• Neutral Sentiment: Key risks remain: Cash, restricted cash and investments declined 9.2% from year-end, partly reflecting acquisitions and repurchases. Net margin edged lower year over year despite higher profit, and reported insider activity included substantial selling with no purchases in the latest six months.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings lowered GigaCloud Technology from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 8th. Zacks Research lowered GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen cut GigaCloud Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, GigaCloud Technology currently has a consensus rating of “Hold”.

GigaCloud Technology Profile

GigaCloud Technology Inc (NASDAQ:GCT) is a China-based provider of software-as-a-service (SaaS) and cloud computing solutions tailored for cross-border e-commerce. The company’s core offering, its Supply Chain Embedded E-commerce as a Service (SCEaaS) platform, integrates procurement, order management, warehousing, logistics and payment services into a unified cloud-based system. This end-to-end digital supply chain solution is designed to help small and medium-sized Chinese exporters efficiently connect with global buyers without the need to build and maintain their own infrastructure.

Through its modular, subscription-based SaaS model, GigaCloud enables merchants to scale operations on demand and minimize upfront capital expenditures.