GigaCloud Technology (NASDAQ:GCT) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of GigaCloud Technology (NASDAQ:GCT) from a buy rating to a hold rating in a research note published on Wednesday morning.

Other research analysts have also issued reports about the stock. Zacks Research lowered shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings raised GigaCloud Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, November 21st. Finally, Lake Street Capital lifted their price target on GigaCloud Technology from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.00.

GigaCloud Technology Stock Performance

GigaCloud Technology stock opened at $37.32 on Wednesday. The company’s fifty day moving average price is $29.46 and its 200 day moving average price is $25.07. GigaCloud Technology has a 1 year low of $11.17 and a 1 year high of $37.52. The stock has a market capitalization of $1.38 billion, a P/E ratio of 11.17 and a beta of 2.35.

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

GigaCloud Technology declared that its board has authorized a share buyback program 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. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at GigaCloud Technology

In other news, CEO Lei Wu sold 100,000 shares of the company’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 value of $2,852,000.00. Following the completion of the sale, the chief executive officer directly owned 60,000 shares in the company, valued at $1,711,200. This 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 available at this link. Also, COO Xinyan Hao sold 100,000 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $35.18, for a total value of $3,518,000.00. Following the completion of the sale, the chief operating officer directly owned 407,486 shares of the company’s stock, valued at approximately $14,335,357.48. This represents a 19.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 410,000 shares of company stock worth $12,898,316. Insiders own 24.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of GigaCloud Technology in the third quarter valued at about $30,000. Quarry LP purchased a new stake in shares of GigaCloud Technology in the 3rd quarter valued at approximately $29,000. Mariner LLC grew its stake in shares of GigaCloud Technology by 37.5% in the 3rd quarter. Mariner LLC now owns 26,686 shares of the company’s stock valued at $758,000 after buying an additional 7,280 shares during the period. Millennium Management LLC increased its holdings in shares of GigaCloud Technology by 8.6% during the 3rd quarter. Millennium Management LLC now owns 43,902 shares of the company’s stock worth $1,247,000 after buying an additional 3,462 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new stake in shares of GigaCloud Technology during the 3rd quarter valued at approximately $30,000. 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.