GigaCloud Technology Inc. (NASDAQ:GCT – Get Free Report) CEO Lei Wu sold 20,000 shares of GigaCloud Technology stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $36.39, for a total transaction of $727,800.00. Following the completion of the transaction, the CEO now directly owns 1,217,994 shares of the company’s stock, valued at $44,322,801.66. The sale was disclosed in his SEC filing, which can be accessed through this link.
Lei Wu also recently made the following transactions:
- Lei Wu sold 1,000 shares of GigaCloud Technology stock on Monday, April 1st. The stock was sold at an average price of $29.53, for a total transaction of $29,530.00.
- Lei Wu sold 6 shares of GigaCloud Technology stock on Tuesday, March 26th. The shares were sold at an average price of $27.64, for a total transaction of $165.84.
Giga Cloud Technology Trading Up 3.5%
GigaCloud Technology shares began trading at $34.75 on Monday. Gigacloud Technology has a 12-month low of $4.93 and a 12-month high of $45.18. The stock has a market capitalization of $1.41 billion, a P/E ratio of 15.11, and a beta of 2.26. The company’s 50-day moving average price is $31.53 and its 200-day moving average price is $19.60.
GigaCloud Technology (NASDAQ:GCT – Get Free Report) last released its quarterly earnings data on Friday, March 15th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.29. GigaCloud Technology had a net profit margin of 13.37% and a return on equity of 36.40%. The company had revenue of $244.74 million for the quarter, compared to the consensus estimate of $220.30 million. As a group, analysts predict that GigaCloud Technology Inc. will post 2.58 EPS for the current fiscal year.
Giga Cloud Technology trading for institutional investors
Several hedge funds and other institutional investors have recently bought and sold shares of GCT. CWM LLC acquired a new position in shares of His GigaCloud Technology in the 4th quarter valued at $30,000. Quarry LP purchased a new position in GigaCloud Technology in the 4th quarter valued at approximately $47,000. The State of Wyoming bought a new position in shares of GigaCloud Technology in the 2nd quarter valued at approximately $27,000. Morgan Stanley purchased a new position in shares of GigaCloud Technology during the 4th quarter valued at approximately $25,000. Finally, Royal Bank of Canada acquired a new stake in GigaCloud Technologies during the 4th quarter valued at approximately $108,000. 34.94% of the stock is owned by hedge funds and other institutional investors.
Analyst rating changes
Separately, Roth Mkm increased their target price on shares of GigaCloud Technology from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd.
Check out the latest research report on GigaCloud technology.
Giga Cloud Technology Company Profile
(Get Free Report)
GigaCloud Technology Inc provides end-to-end B2B e-commerce solutions for bulk goods. Its marketplace connects primarily Asian manufacturers with resellers in the U.S., Asia, and Europe to execute cross-border transactions across furniture, home appliances, fitness equipment, and other large package categories.
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