Insider Selling: GigaCloud Technology (NASDAQ:GCT) COO Sells 30,000 Shares of Stock

GigaCloud Technology Inc. (NASDAQ:GCT) COO Xinyan Hao sold 30,000 shares of GigaCloud Technology stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $33.61, for a total value of $1,008,300.00. Following the sale, the chief operating officer owned 716,805 shares in the company, valued at $24,091,816.05. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value of $908,700.00.
• On Wednesday, October 29th, Xinyan Hao sold 16,939 shares of GigaCloud Technology stock. The shares were 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 stock was sold at an average price of $30.02, for a total transaction of $412,534.84.

GigaCloud Technology Price Performance

Shares of NASDAQ GCT opened at $31.92 on Wednesday. GigaCloud Technology Inc. has a 1 year low of $11.17 and a 1 year high of $34.50. The stock has a market cap of $1.20 billion, a P/E ratio of 9.56 and a beta of 2.35. The firm has a 50-day moving average of $28.51 and a 200 day moving average of $23.65.

GigaCloud Technology (NASDAQ:GCT) last announced 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. GigaCloud Technology had a net margin of 10.62% and a return on equity of 30.43%. The business had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $300.96 million. During the same quarter in the prior year, the company earned $1.15 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. GigaCloud Technology has set its Q4 2025 guidance at EPS. Research analysts expect that GigaCloud Technology Inc. will post 3.1 earnings per share for the current fiscal year.

GigaCloud Technology declared that its Board of Directors has initiated a share buyback plan on Monday, August 18th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GCT. Lake Street Capital increased their target price on GigaCloud Technology from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of GigaCloud Technology in a research report on Wednesday, October 8th. Zacks Research upgraded shares of GigaCloud Technology from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Finally, Wall Street Zen cut shares of GigaCloud Technology from a “buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Counterpoint Mutual Funds LLC bought a new stake in shares of GigaCloud Technology during the 3rd quarter valued at about $332,000. NewEdge Wealth LLC bought a new position in shares of GigaCloud Technology in the 3rd quarter worth approximately $608,000. Vanguard Group Inc. boosted its holdings in shares of GigaCloud Technology by 18.2% in the third quarter. Vanguard Group Inc. now owns 803,664 shares of the company’s stock worth $22,824,000 after buying an additional 123,596 shares during the last quarter. Denali Advisors LLC bought a new stake in GigaCloud Technology during the third quarter valued at approximately $474,000. Finally, MidWestOne Financial Group Inc. purchased a new stake in GigaCloud Technology during the third quarter valued at approximately $201,000. Institutional investors own 34.94% of the company’s stock.

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.