Xinyan Hao Sells 30,000 Shares of GigaCloud Technology (NASDAQ:GCT) Stock

GigaCloud Technology Inc. (NASDAQ:GCT) COO Xinyan Hao sold 30,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $31.48, for a total transaction of $944,400.00. Following the transaction, the chief operating officer directly owned 656,805 shares of the company’s stock, valued at approximately $20,676,221.40. This represents a 4.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, November 14th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $30.42, for a total transaction of $912,600.00.
• 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 stock was sold at an average price of $30.29, for a total transaction of $908,700.00.
• On Wednesday, October 29th, Xinyan Hao sold 16,939 shares of GigaCloud Technology stock. The stock was sold at an average price of $30.01, for a total transaction of $508,339.39.
• On Monday, September 29th, Xinyan Hao sold 13,742 shares of GigaCloud Technology stock. The shares were sold at an average price of $30.02, for a total transaction of $412,534.84.

GigaCloud Technology Stock Down 2.8%

Shares of NASDAQ GCT opened at $30.42 on Friday. The stock has a market capitalization of $1.13 billion, a PE ratio of 9.11 and a beta of 2.35. The firm has a fifty day moving average of $28.81 and a 200-day moving average of $23.95. GigaCloud Technology Inc. has a 52-week low of $11.17 and a 52-week high of $34.50.

GigaCloud Technology (NASDAQ:GCT) last issued its earnings results on Thursday, November 6th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.34. GigaCloud Technology had a return on equity of 30.43% and a net margin of 10.62%.The business had revenue of $332.64 million for the quarter, compared to analyst estimates of $300.96 million. During the same period last year, the company posted $1.15 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. GigaCloud Technology has set its Q4 2025 guidance at EPS. Equities research analysts expect that GigaCloud Technology Inc. will post 3.1 EPS for the current fiscal year.

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

Hedge Funds Weigh In On GigaCloud Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its position in GigaCloud Technology by 184.6% in the third quarter. Jones Financial Companies Lllp now owns 908 shares of the company’s stock valued at $27,000 after acquiring an additional 589 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of GigaCloud Technology in the second quarter valued at $35,000. Global Retirement Partners LLC grew its holdings in GigaCloud Technology by 534.3% during the 3rd quarter. Global Retirement Partners LLC now owns 1,903 shares of the company’s stock valued at $54,000 after purchasing an additional 1,603 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in GigaCloud Technology by 25.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,372 shares of the company’s stock worth $47,000 after buying an additional 483 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in GigaCloud Technology by 17.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,705 shares of the company’s stock worth $54,000 after buying an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 34.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of GigaCloud Technology from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of GigaCloud Technology in a research note on Wednesday, October 8th. Lake Street Capital increased their price objective on shares of GigaCloud Technology from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Zacks Research downgraded shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $24.00.

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.