GigaCloud Technology (NASDAQ:GCT) Releases Quarterly Earnings Results, Beats Estimates By $0.34 EPS

GigaCloud Technology (NASDAQ:GCT) issued its quarterly earnings data on Thursday. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.34, Zacks reports. GigaCloud Technology had a return on equity of 31.17% and a net margin of 10.62%.The business had revenue of $332.64 million during the quarter, compared to analyst estimates of $300.96 million. During the same period in the previous year, the firm earned $1.15 EPS. GigaCloud Technology’s quarterly revenue was up 9.7% compared to the same quarter last year. GigaCloud Technology updated its Q4 2025 guidance to EPS.

GigaCloud Technology Trading Up 30.0%

Shares of NASDAQ GCT traded up $7.65 during midday trading on Friday, reaching $33.11. The company’s stock had a trading volume of 3,395,927 shares, compared to its average volume of 588,967. The stock has a 50 day simple moving average of $28.23 and a 200-day simple moving average of $23.30. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 9.91 and a beta of 2.35. GigaCloud Technology has a fifty-two week low of $11.17 and a fifty-two week high of $34.50.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GCT. Lake Street Capital raised their target price on shares of GigaCloud Technology from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of GigaCloud Technology in a report on Wednesday, October 8th. Wall Street Zen raised shares of GigaCloud Technology from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, Zacks Research raised shares of GigaCloud Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, GigaCloud Technology presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

GigaCloud Technology announced that its board has initiated a share buyback plan on Monday, August 18th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at GigaCloud Technology

In related news, CEO Lei Wu sold 100,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $28.52, for a total value of $2,852,000.00. Following the completion of the transaction, the chief executive officer owned 60,000 shares of the company’s stock, valued at approximately $1,711,200. This trade represents a 62.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marshall Bernes sold 16,000 shares of GigaCloud Technology stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $31.29, for a total transaction of $500,640.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 150,681 shares of company stock valued at $4,402,594. Corporate insiders own 24.71% of the company’s stock.

Institutional Trading of GigaCloud Technology

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted 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 worth $47,000 after purchasing an additional 483 shares during the period. Bridgeway Capital Management LLC lifted its stake in shares of GigaCloud Technology by 0.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 380,656 shares of the company’s stock worth $7,529,000 after buying an additional 3,023 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of GigaCloud Technology by 16.4% during the 2nd quarter. Legal & General Group Plc now owns 25,241 shares of the company’s stock worth $499,000 after buying an additional 3,556 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of GigaCloud Technology by 2,444.8% during the 1st quarter. Jones Financial Companies Lllp now owns 4,199 shares of the company’s stock worth $60,000 after buying an additional 4,034 shares during the period. Finally, Empowered Funds LLC grew its stake in GigaCloud Technology by 2.1% in the 1st quarter. Empowered Funds LLC now owns 198,933 shares of the company’s stock valued at $2,825,000 after buying an additional 4,034 shares during the last quarter. Institutional investors own 34.94% of the company’s stock.

GigaCloud Technology Company Profile

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.