GigaCloud Technology Inc. (NASDAQ:GCT - Get Free Report) CEO Lei Wu sold 44,000 shares of the company's stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $35.98, for a total value of $1,583,120.00. Following the transaction, the chief executive officer now owns 973,816 shares in the company, valued at $35,037,899.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Lei Wu also recently made the following trade(s):
- 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 stock was 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 stock was 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 Price Performance
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NASDAQ:GCT opened at $35.91 on Thursday. The firm has a market capitalization of $1.46 billion, a PE ratio of 15.61 and a beta of 2.26. The business's fifty day moving average price is $33.30 and its 200 day moving average price is $21.82. GigaCloud Technology Inc. has a 12 month low of $4.93 and a 12 month high of $45.18.
GigaCloud Technology (NASDAQ:GCT - Get Free Report) last posted its earnings results on Friday, March 15th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.58 by $0.29. The firm had revenue of $244.74 million for the quarter, compared to analyst estimates of $220.30 million. GigaCloud Technology had a return on equity of 36.40% and a net margin of 13.37%. As a group, equities analysts anticipate that GigaCloud Technology Inc. will post 2.98 EPS for the current year.
Hedge Funds Weigh In On GigaCloud Technology
Several large investors have recently bought and sold shares of GCT. CWM LLC acquired a new position in GigaCloud Technology in the fourth quarter valued at $30,000. Quarry LP acquired a new position in GigaCloud Technology in the fourth quarter valued at $47,000. PAX Financial Group LLC acquired a new position in GigaCloud Technology in the third quarter valued at $141,000. Tucker Asset Management LLC boosted its stake in GigaCloud Technology by 1,499.8% in the fourth quarter. Tucker Asset Management LLC now owns 7,999 shares of the company's stock valued at $146,000 after acquiring an additional 7,499 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in GigaCloud Technology in the third quarter valued at $172,000. Institutional investors and hedge funds own 34.94% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm increased their target price on GigaCloud Technology from $28.00 to $35.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd.
Check Out Our Latest Analysis on GigaCloud Technology
GigaCloud Technology Company Profile
(
Get Free Report)
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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