GigaCloud Technology (NASDAQ:GCT) CEO Sells $1,135,433.94 in Stock

March 21, 2026 by InsiderTrades.com

Key Points

CEO Lei Wu sold multiple blocks of stock in March, including 27,519 shares on March 19 for $1.135M, reducing his ownership by about 22.93% to 92,481 shares (≈$3.82M).
GigaCloud reported strong quarterly results, with $1.16 EPS vs. $0.65 expected and revenue of $362.8M (up 22.6% YoY), and analysts project about 3.1 EPS for the year.
Market signals are mixed: several upgrades (Zacks, Weiss, Wall Street Zen) and a new marketplace initiative with Otto Group could boost growth, but heavy insider selling and an average price target of $33 contrast with the recent share price near $40.

GigaCloud Technology Inc. (NASDAQ:GCT - Get Free Report) CEO Lei Wu sold 27,519 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $41.26, for a total value of $1,135,433.94. Following the transaction, the chief executive officer directly owned 92,481 shares in the company, valued at approximately $3,815,766.06. This trade represents a 22.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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Lei Wu also recently made the following trade(s):

On Friday, March 20th, Lei Wu sold 32,481 shares of GigaCloud Technology stock. The shares were sold at an average price of $40.41, for a total value of $1,312,557.21.
On Wednesday, March 18th, Lei Wu sold 30,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $43.21, for a total value of $1,296,300.00.
On Monday, March 16th, Lei Wu sold 30,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $42.39, for a total value of $1,271,700.00.
On Friday, March 13th, Lei Wu sold 30,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $41.36, for a total value of $1,240,800.00.
On Wednesday, March 11th, Lei Wu sold 30,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $43.38, for a total transaction of $1,301,400.00.
On Monday, March 9th, Lei Wu sold 30,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $42.13, for a total transaction of $1,263,900.00.
On Thursday, March 5th, Lei Wu sold 30,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $43.11, for a total transaction of $1,293,300.00.
On Wednesday, March 4th, Lei Wu sold 40,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $44.08, for a total transaction of $1,763,200.00.
On Tuesday, March 3rd, Lei Wu sold 58,090 shares of GigaCloud Technology stock. The shares were sold at an average price of $40.99, for a total transaction of $2,381,109.10.
On Monday, March 2nd, Lei Wu sold 30,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $42.83, for a total transaction of $1,284,900.00.

GigaCloud Technology Price Performance

NASDAQ:GCT opened at $40.31 on Friday. GigaCloud Technology Inc. has a one year low of $11.17 and a one year high of $48.00. The company has a market cap of $1.49 billion, a PE ratio of 11.14 and a beta of 2.24. The firm has a 50-day moving average of $40.16 and a 200-day moving average of $35.36.

Improving Fundamentals Drive New Buybacks for 3 Strong Performers

GigaCloud Technology (NASDAQ:GCT - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.51. The business had revenue of $362.75 million for the quarter, compared to analysts' expectations of $332.33 million. GigaCloud Technology had a net margin of 10.65% and a return on equity of 30.74%. The firm's revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. On average, equities research analysts expect that GigaCloud Technology Inc. will post 3.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its position in shares of GigaCloud Technology by 184.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 908 shares of the company's stock valued at $27,000 after acquiring an additional 589 shares during the period. Quarry LP bought a new stake in shares of GigaCloud Technology in the 3rd quarter worth approximately $29,000. Larson Financial Group LLC bought a new stake in shares of GigaCloud Technology in the 3rd quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd purchased a new position in GigaCloud Technology in the third quarter valued at approximately $30,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in GigaCloud Technology in the fourth quarter valued at approximately $44,000. 34.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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Several research analysts recently issued reports on GCT shares. Weiss Ratings raised GigaCloud Technology from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, January 27th. Zacks Research upgraded GigaCloud Technology from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 10th. Finally, Wall Street Zen raised shares of GigaCloud Technology from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $33.00.

Read Our Latest Stock Analysis on GigaCloud Technology

Key Stories Impacting GigaCloud Technology

Here are the key news stories impacting GigaCloud Technology this week:

Positive Sentiment: GigaCloud announced a marketplace initiative with Otto Group to introduce select sellers (including furniture brands) to Otto’s European platform — this could expand GigaCloud’s marketplace assortment, improve European distribution for its supplier network and support revenue growth from marketplace services. GigaCloud Announces Marketplace Initiative with Otto Group
Positive Sentiment: Analyst sentiment has improved: Zacks upgraded GCT to a Rank #1 (Strong Buy) and the stock was added to Zacks’ momentum and value lists — this can support short-term buying interest and headline-driven demand. Zacks Upgrade to Strong Buy
Neutral Sentiment: Short-interest data reported an anomalous “0 shares” figure with NaN changes — the metric appears unreliable and provides no clear signal on bearish positioning. (Treat short-interest reading with caution.)
Neutral Sentiment: Institutional activity is mixed: Quiver/filings show both large additions and sizable reductions by hedge funds and institutions in recent quarters, so ownership changes are not a clear one-way directional signal. Quiver Quant Coverage
Negative Sentiment: Significant insider selling by CEO Lei Wu: multiple open-market sales this month (including large blocks on March 19–20) have materially reduced his holdings and represent continued cashing-out by top management — a likely driver of today’s selling pressure and weaker sentiment. SEC filing: SEC Form 4

GigaCloud Technology Company Profile

(Get 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.