GigaCloud Technology Inc. (NASDAQ:GCT - Get Free Report) CEO Lei Wu sold 20,000 shares of GigaCloud Technology stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $36.39, for a total value of $727,800.00. Following the sale, the chief executive officer now directly owns 1,217,994 shares in the company, valued at $44,322,801.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Lei Wu also recently made the following trade(s):
- On Monday, April 1st, Lei Wu sold 1,000 shares of GigaCloud Technology stock. The stock was 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 stock was sold at an average price of $27.64, for a total value of $165.84.
GigaCloud Technology Trading Up 3.5 %
NASDAQ GCT opened at $34.75 on Friday. The stock's 50 day moving average is $31.53 and its two-hundred day moving average is $19.47. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 15.11 and a beta of 2.26. GigaCloud Technology Inc. has a 1-year low of $4.93 and a 1-year high of $45.18.
Wall Street Analyst Weigh In
Trump’s last act as President
From Porter & Company | Ad
You’ve probably never heard of Executive Order #13972.
Signed by President Trump just days before leaving office, it greenlit what could be the most revolutionary technology of the decade… yet it has nothing to do with AI, blockchain, or mRNA vaccines.
For the full story, click here.
Separately, Roth Mkm lifted their target price on GigaCloud Technology from $28.00 to $35.00 and gave the stock a "buy" rating in a research report on Tuesday.
View Our Latest Stock Report on GigaCloud Technology
Institutional Investors Weigh In On GigaCloud Technology
A number of institutional investors have recently added to or reduced their stakes in GCT. Morgan Stanley acquired a new stake in GigaCloud Technology during the fourth quarter valued at approximately $25,000. State of Wyoming acquired a new position in shares of GigaCloud Technology in the 2nd quarter worth approximately $27,000. CWM LLC acquired a new position in shares of GigaCloud Technology in the 4th quarter worth approximately $30,000. Quarry LP acquired a new position in shares of GigaCloud Technology in the 4th quarter worth approximately $47,000. Finally, UBS Group AG acquired a new position in shares of GigaCloud Technology in the 3rd quarter worth approximately $61,000. 34.94% of the stock is owned by institutional investors and hedge funds.
About GigaCloud Technology
(
Get Free Report)
GigaCloud Technology Inc provides end-to-end B2B ecommerce solutions for large parcel merchandise. 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
