GigaCloud Technology (NASDAQ:GCT) Releases Earnings Results, Misses Expectations By $0.14 EPS

GigaCloud Technology (NASDAQ:GCT) posted its quarterly earnings data on Monday. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.14), Zacks reports. GigaCloud Technology had a return on equity of 40.32% and a net margin of 11.75%. The firm had revenue of $295.78 million for the quarter, compared to the consensus estimate of $290.00 million. During the same period in the prior year, the company earned $0.87 EPS. GigaCloud Technology updated its Q1 2025 guidance to EPS.

GigaCloud Technology Trading Down 18.1 %

NASDAQ GCT opened at $13.86 on Tuesday. The firm has a market capitalization of $567.87 million, a P/E ratio of 4.39 and a beta of 1.94. The business has a fifty day simple moving average of $19.52 and a 200 day simple moving average of $21.32. GigaCloud Technology has a 12 month low of $15.61 and a 12 month high of $45.18.

Analyst Ratings Changes

Separately, Roth Mkm cut shares of GigaCloud Technology from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $15.00 in a report on Tuesday.

Insider Activity at GigaCloud Technology

In other GigaCloud Technology news, insider Marshall Bernes purchased 5,000 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was purchased at an average price of $17.50 per share, for a total transaction of $87,500.00. Following the completion of the purchase, the insider now directly owns 45,000 shares of the company’s stock, valued at $787,500. This trade represents a 12.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Frank Hurst Lin sold 2,663,076 shares of GigaCloud Technology stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $21.80, for a total transaction of $58,055,056.80. Following the completion of the sale, the insider now owns 1,406,813 shares of the company’s stock, valued at $30,668,523.40. This represents a 65.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,811,979 shares of company stock valued at $61,233,745 in the last three months. Company insiders own 43.00% 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.