Xinyan Hao Sells 100,000 Shares of GigaCloud Technology (NASDAQ:GCT) Stock

GigaCloud Technology Inc. (NASDAQ:GCT) COO Xinyan Hao sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $35.18, for a total transaction of $3,518,000.00. Following the sale, the chief operating officer owned 407,486 shares of the company’s stock, valued at $14,335,357.48. The trade was a 19.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, November 19th, Xinyan Hao sold 29,319 shares of GigaCloud Technology stock. The stock was sold at an average price of $31.51, for a total value of $923,841.69.
• On Monday, November 17th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $30.32, for a total value of $909,600.00.
• On Friday, November 14th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $30.42, for a total transaction of $912,600.00.
• On Wednesday, November 12th, Xinyan Hao sold 30,000 shares of GigaCloud Technology stock. The stock was 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 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 value 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 value of $412,534.84.

GigaCloud Technology Trading Up 5.7%

NASDAQ GCT traded up $1.97 during trading on Tuesday, reaching $36.78. 751,480 shares of the company’s stock were exchanged, compared to its average volume of 926,466. GigaCloud Technology Inc. has a fifty-two week low of $11.17 and a fifty-two week high of $36.80. The company’s fifty day simple moving average is $29.19 and its 200-day simple moving average is $24.83. The firm has a market capitalization of $1.36 billion, a PE ratio of 11.01 and a beta of 2.35.

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

GigaCloud Technology announced that its board has approved a stock buyback program on Monday, August 18th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GCT. Lake Street Capital lifted their price target on shares of GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wall Street Zen upgraded shares of GigaCloud Technology from a “hold” rating to a “buy” rating in a report on Tuesday, November 18th. Zacks Research lowered GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings raised GigaCloud Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, GigaCloud Technology currently has an average rating of “Hold” and a consensus price target of $24.00.

Institutional Trading of GigaCloud Technology

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in shares of 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 purchasing an additional 589 shares in the last quarter. Quarry LP acquired a new stake in shares of GigaCloud Technology during the 3rd quarter valued at about $29,000. Larson Financial Group LLC bought a new stake in GigaCloud Technology in the third quarter valued at about $30,000. Caitong International Asset Management Co. Ltd acquired a new position in GigaCloud Technology in the third quarter worth about $30,000. Finally, Ameritas Advisory Services LLC bought a new position in GigaCloud Technology during the second quarter worth about $35,000. Institutional investors and hedge funds 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.