GigaCloud Technology Inc. $GCT Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its stake in shares of GigaCloud Technology Inc. (NASDAQ:GCT) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,028 shares of the company’s stock after selling 1,690 shares during the quarter. Hsbc Holdings PLC’s holdings in GigaCloud Technology were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in GCT. CWM LLC lifted its position in GigaCloud Technology by 319.8% during the 1st quarter. CWM LLC now owns 2,821 shares of the company’s stock worth $40,000 after acquiring an additional 2,149 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of GigaCloud Technology by 724.7% in the 1st quarter. Russell Investments Group Ltd. now owns 4,148 shares of the company’s stock valued at $59,000 after buying an additional 3,645 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of GigaCloud Technology in the 4th quarter valued at approximately $79,000. Banque Cantonale Vaudoise acquired a new stake in shares of GigaCloud Technology in the 1st quarter valued at approximately $103,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of GigaCloud Technology in the 1st quarter valued at approximately $147,000. 34.94% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Marshall Bernes sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $31.29, for a total value of $500,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 24.71% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wall Street Zen raised GigaCloud Technology from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Zacks Research raised GigaCloud Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Lake Street Capital raised their price target on GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 8th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.00.

GigaCloud Technology Price Performance

NASDAQ GCT opened at $26.14 on Friday. GigaCloud Technology Inc. has a 1-year low of $11.17 and a 1-year high of $34.50. The company has a market capitalization of $984.69 million, a P/E ratio of 7.85 and a beta of 2.37. The business has a 50 day moving average price of $24.54 and a 200 day moving average price of $18.89.

GigaCloud Technology (NASDAQ:GCT) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.45. GigaCloud Technology had a return on equity of 32.33% and a net margin of 11.17%.The firm had revenue of $322.61 million during the quarter, compared to the consensus estimate of $290.08 million. During the same period last year, the business posted $1.03 EPS. GigaCloud Technology’s quarterly revenue was up 3.8% on a year-over-year basis. GigaCloud Technology has set its Q3 2025 guidance at EPS. On average, research analysts expect that GigaCloud Technology Inc. will post 3.1 earnings per share for the current fiscal year.

GigaCloud Technology declared that its board has authorized a stock repurchase plan on Monday, August 18th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.