GigaCloud Technology Inc. (NASDAQ:GCT – Get Free Report) CEO Lei Wu sold 44,000 shares of GigaCloud Technology stock in a transaction on Monday, April 15th. The stock was sold at an average price of $32.56, for a total transaction of $1,432,640.00. Following the completion of the sale, the chief executive officer now owns 1,193,816 shares of the company’s stock, valued at approximately $38,870,648.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Lei Wu also recently made the following trade(s):
- 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 transaction of $1,522,840.00.
- 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 transaction 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 transaction 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 transaction 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 transaction of $727,800.00.
- 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 transaction 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 transaction of $165.84.
GigaCloud Technology Stock Performance
Shares of GCT opened at $36.81 on Friday. GigaCloud Technology Inc. has a 1 year low of $4.93 and a 1 year high of $45.18. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 16.00 and a beta of 2.26. The firm has a fifty day moving average of $32.76 and a 200-day moving average of $20.86.
Analyst Ratings Changes
Separately, Roth Mkm lifted their price objective 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 Our Latest Research Report on GCT
Hedge Funds Weigh In On GigaCloud Technology
Several hedge funds and other institutional investors have recently modified their holdings of the company. PAX Financial Group LLC acquired a new stake in GigaCloud Technology in the third quarter worth about $141,000. Acadian Asset Management LLC acquired a new stake in GigaCloud Technology in the third quarter worth about $9,634,000. Ritholtz Wealth Management acquired a new stake in GigaCloud Technology in the fourth quarter worth about $295,000. WINTON GROUP Ltd acquired a new stake in GigaCloud Technology in the third quarter worth about $258,000. Finally, New York State Common Retirement Fund acquired a new stake in GigaCloud Technology in the third quarter worth about $1,895,000. Institutional investors and hedge funds own 34.94% of the company’s stock.
GigaCloud Technology Company Profile
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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