Aptus Capital Advisors LLC Has $1.31 Million Stake in GigaCloud Technology Inc. $GCT

Aptus Capital Advisors LLC trimmed its position in shares of GigaCloud Technology Inc. (NASDAQ:GCT) by 23.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,946 shares of the company’s stock after selling 28,386 shares during the period. Aptus Capital Advisors LLC owned approximately 0.23% of GigaCloud Technology worth $1,306,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in GigaCloud Technology by 24.7% during the fourth quarter. JPMorgan Chase & Co. now owns 125,552 shares of the company’s stock worth $2,325,000 after buying an additional 24,866 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in GigaCloud Technology by 52.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 28,380 shares of the company’s stock valued at $418,000 after buying an additional 9,787 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in GigaCloud Technology in the fourth quarter valued at about $349,000. Nuveen Asset Management LLC boosted its stake in GigaCloud Technology by 37.1% in the fourth quarter. Nuveen Asset Management LLC now owns 409,787 shares of the company’s stock valued at $7,589,000 after buying an additional 110,804 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in GigaCloud Technology in the first quarter valued at about $4,806,000. 34.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Lake Street Capital raised their price objective on GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.00.

GigaCloud Technology Stock Up 0.3%

NASDAQ:GCT opened at $31.60 on Thursday. The stock’s 50-day simple moving average is $22.62 and its 200 day simple moving average is $18.37. The firm has a market capitalization of $1.19 billion, a PE ratio of 9.49 and a beta of 2.36. GigaCloud Technology Inc. has a twelve month low of $11.17 and a twelve month high of $34.50.

GigaCloud Technology (NASDAQ:GCT) last posted its earnings results on Thursday, August 7th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.46 by $0.45. The firm had revenue of $322.61 million during the quarter, compared to the consensus estimate of $290.08 million. GigaCloud Technology had a return on equity of 32.33% and a net margin of 11.17%.The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. GigaCloud Technology has set its Q3 2025 guidance at EPS. On average, analysts anticipate that GigaCloud Technology Inc. will post 3.1 EPS for the current fiscal year.

GigaCloud Technology declared that its board has approved a stock repurchase plan on Monday, August 18th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other GigaCloud Technology news, insider Marshall Bernes sold 16,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $31.29, for a total value of $500,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 24.71% 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.