GigaCloud Technology Inc. (NASDAQ:GCT – Get Free Report) CEO Lei Wu sold 44,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $36.54, for a total value of $1,607,760.00. Following the completion of the transaction, the chief executive officer now directly owns 885,816 shares of the company’s stock, valued at approximately $32,367,716.64. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Lei Wu also recently made the following trade(s):
- On Monday, April 22nd, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $35.98, for a total value of $1,583,120.00.
- On Friday, April 19th, Lei Wu sold 14,177 shares of GigaCloud Technology stock. The stock was sold at an average price of $36.10, for a total value of $511,789.70.
- On Wednesday, April 17th, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $34.61, for a total value of $1,522,840.00.
- On Monday, April 15th, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $32.56, for a total value of $1,432,640.00.
- On Friday, April 12th, Lei Wu sold 1,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $32.23, for a total value of $32,230.00.
- On Wednesday, April 10th, Lei Wu sold 1,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $31.86, for a total value of $31,860.00.
- On Monday, April 8th, Lei Wu sold 20,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $33.07, for a total value of $661,400.00.
- On Thursday, April 4th, Lei Wu sold 20,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $36.39, for a total value of $727,800.00.
- On Monday, April 1st, Lei Wu sold 1,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $29.53, for a total value of $29,530.00.
- On Tuesday, March 26th, Lei Wu sold 6 shares of GigaCloud Technology stock. The shares were sold at an average price of $27.64, for a total value of $165.84.
GigaCloud Technology Stock Down 2.8 %
NASDAQ:GCT traded down $1.01 on Friday, reaching $35.35. 1,786,756 shares of the company’s stock traded hands, compared to its average volume of 3,095,743. The stock has a 50-day simple moving average of $33.39 and a 200-day simple moving average of $22.10. The firm has a market cap of $1.44 billion, a PE ratio of 15.37 and a beta of 2.26. GigaCloud Technology Inc. has a 12 month low of $4.93 and a 12 month high of $45.18.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm increased their price target on GigaCloud Technology from $28.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd.
View Our Latest Report on GigaCloud Technology
Institutional Trading of GigaCloud Technology
Large investors have recently added to or reduced their stakes in the company. CWM LLC bought a new stake in GigaCloud Technology in the 4th quarter worth approximately $30,000. Quarry LP bought a new position in shares of GigaCloud Technology during the 4th quarter valued at approximately $47,000. PAX Financial Group LLC bought a new position in shares of GigaCloud Technology during the 3rd quarter valued at approximately $141,000. Tucker Asset Management LLC increased its position in shares of GigaCloud Technology by 1,499.8% during the 4th quarter. Tucker Asset Management LLC now owns 7,999 shares of the company’s stock valued at $146,000 after purchasing an additional 7,499 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of GigaCloud Technology during the 3rd quarter valued at approximately $172,000. 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.
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