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 company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $30.42, for a total transaction of $912,600.00. Following the completion of the transaction, the chief operating officer owned 596,805 shares in the company, valued at approximately $18,154,808.10. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 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 shares were 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 shares were 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 stock was sold at an average price of $30.02, for a total transaction of $412,534.84.

GigaCloud Technology Price Performance

NASDAQ GCT traded down $0.89 during trading on Friday, reaching $30.42. 534,437 shares of the company’s stock traded hands, compared to its average volume of 802,236. GigaCloud Technology Inc. has a 12-month low of $11.17 and a 12-month high of $34.50. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 9.11 and a beta of 2.35. The company’s 50 day simple moving average is $28.81 and its two-hundred day simple moving average is $23.88.

GigaCloud Technology (NASDAQ:GCT) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.34. The firm had revenue of $332.64 million for 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 company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm earned $1.15 earnings per share. GigaCloud Technology has set its Q4 2025 guidance at EPS. Research analysts expect that GigaCloud Technology Inc. will post 3.1 earnings per share for the current fiscal year.

GigaCloud Technology declared that its Board of Directors has initiated a share 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 generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

GCT has been the subject of a number of analyst reports. Lake Street Capital upped their price objective on GigaCloud Technology from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wall Street Zen lowered shares of GigaCloud Technology from a “buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of GigaCloud Technology in a report on Wednesday, October 8th. Finally, Zacks Research lowered GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.00.

Institutional Trading of GigaCloud Technology

Large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its position in 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 last quarter. Tower Research Capital LLC TRC grew its position in 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 period. Stratos Wealth Partners LTD. increased its stake in shares of GigaCloud Technology by 5.6% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 10,945 shares of the company’s stock valued at $217,000 after purchasing an additional 585 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of GigaCloud Technology by 184.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 908 shares of the company’s stock worth $27,000 after buying an additional 589 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in GigaCloud Technology by 14.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,853 shares of the company’s stock valued at $166,000 after purchasing an additional 759 shares in the last quarter. Hedge funds and other institutional investors 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.