GigaCloud Technology (NASDAQ:GCT) CEO Lei Wu Sells 100,000 Shares

GigaCloud Technology CEO Lei Wu sold 100,000 shares at $28.52 each, totaling $2.85 million, reducing his ownership by 62.5% to 60,000 shares valued at $1.71 million. The transaction was disclosed to the SEC. GCT shares opened at $28.22, with a market cap of $1.06 billion. The company reported $0.91 EPS for the last quarter, exceeding estimates. Analysts have mixed ratings on the stock, with one buy and three hold ratings. GigaCloud also announced a stock repurchase program, indicating confidence in its valuation.

GigaCloud Technology Inc. (NASDAQ:GCT - Get Free Report) CEO Lei Wu sold 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $28.52, for a total transaction of $2,852,000.00. Following the transaction, the chief executive officer directly owned 60,000 shares of the company's stock, valued at $1,711,200. This represents a 62.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

GigaCloud Technology Stock Down 5.5%

Improving Fundamentals Drive New Buybacks for 3 Strong Performers

Shares of GCT opened at $28.22 on Thursday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 8.47 and a beta of 2.37. GigaCloud Technology Inc. has a twelve month low of $11.17 and a twelve month high of $34.50. The company has a 50 day moving average of $25.18 and a 200-day moving average of $19.13.

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

One Value, One Growth, and One Momentum Stock For Diversification

GigaCloud Technology declared that its Board of Directors has authorized a stock repurchase program on Monday, August 18th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are undervalued.

Hedge Funds Weigh In On GigaCloud Technology

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in shares of GigaCloud Technology in the second quarter valued at $35,000. Tower Research Capital LLC TRC grew its stake in shares of GigaCloud Technology by 25.6% in 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 in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of 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 in the last quarter. CWM LLC boosted its position in GigaCloud Technology by 319.8% during the first quarter. CWM LLC now owns 2,821 shares of the company's stock worth $40,000 after purchasing an additional 2,149 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in GigaCloud Technology by 724.7% during the first quarter. Russell Investments Group Ltd. now owns 4,148 shares of the company's stock worth $59,000 after purchasing an additional 3,645 shares during the period. 34.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Top Stress-Free Stock Picks to Secure Your Portfolio This Fall

Several equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of GigaCloud Technology from a "buy" rating to a "hold" rating in a research note on Sunday. Lake Street Capital raised their target price on shares of GigaCloud Technology from $26.00 to $33.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Zacks Research raised shares of GigaCloud Technology from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $24.00.

Check Out Our Latest Research Report on GCT

About GigaCloud Technology

(Get Free Report)

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.