GigaCloud Technology Inc. $GCT Shares Acquired by Principal Financial Group Inc.

Posted by Stanley Muller on Jul 31st, 2026

Principal Financial Group Inc. lifted its stake in GigaCloud Technology Inc. (NASDAQ:GCT – Free Report) by 59.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,790 shares of the company’s stock after buying an additional 17,514 shares during the quarter. Principal Financial Group Inc.’s holdings in GigaCloud Technology were worth $2,123,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. LSV Asset Management boosted its position in GigaCloud Technology by 824.2% in the 4th quarter. LSV Asset Management now owns 736,600 shares of the company’s stock worth $28,934,000 after purchasing an additional 656,900 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of GigaCloud Technology during the 3rd quarter valued at approximately $14,335,000. UBS Group AG lifted its stake in shares of GigaCloud Technology by 133.8% in the 3rd quarter. UBS Group AG now owns 441,992 shares of the company’s stock valued at $12,553,000 after purchasing an additional 252,934 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of GigaCloud Technology by 67.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 339,885 shares of the company’s stock valued at $6,723,000 after purchasing an additional 137,201 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in GigaCloud Technology during the fourth quarter worth $5,266,000. 34.94% of the stock is owned by institutional investors and hedge funds.

GigaCloud Technology Price Performance

GigaCloud Technology stock opened at $42.21 on Friday. The stock has a market capitalization of $1.55 billion, a PE ratio of 10.61 and a beta of 1.72. The business has a 50 day simple moving average of $35.18 and a 200-day simple moving average of $39.34. GigaCloud Technology Inc. has a 12 month low of $20.71 and a 12 month high of $51.86.

GigaCloud Technology (NASDAQ:GCT – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.17. GigaCloud Technology had a return on equity of 31.48% and a net margin of 10.77%.The firm had revenue of $359.49 million for the quarter, compared to analyst estimates of $342.57 million. During the same quarter last year, the firm posted $0.68 EPS. The business’s revenue was up 32.2% on a year-over-year basis. On average, equities research analysts anticipate that GigaCloud Technology Inc. will post 4.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Zacks Research lowered shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Wall Street Zen lowered shares of GigaCloud Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings lowered shares of GigaCloud Technology from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, GigaCloud Technology currently has a consensus rating of “Hold” and an average price target of $33.00.

Read Our Latest Report on GCT

GigaCloud Technology Company Profile

(Free Report)

GigaCloud Technology Inc (NASDAQ:GCT) is a China-based provider of software-as-a-service (SaaS) and cloud computing solutions tailored for cross-border e-commerce. The company’s core offering, its Supply Chain Embedded E-commerce as a Service (SCEaaS) platform, integrates procurement, order management, warehousing, logistics and payment services into a unified cloud-based system. This end-to-end digital supply chain solution is designed to help small and medium-sized Chinese exporters efficiently connect with global buyers without the need to build and maintain their own infrastructure.

Through its modular, subscription-based SaaS model, GigaCloud enables merchants to scale operations on demand and minimize upfront capital expenditures.