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
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.
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
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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