GigaCloud Technology Inc. $GCT Stake Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in shares of GigaCloud Technology Inc. (NASDAQ:GCT) by 724.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,148 shares of the company’s stock after purchasing an additional 3,645 shares during the quarter. Russell Investments Group Ltd.’s holdings in GigaCloud Technology were worth $59,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in GCT. Raymond James Financial Inc. acquired a new position in shares of GigaCloud Technology during the fourth quarter worth approximately $349,000. Mariner LLC boosted its position in shares of GigaCloud Technology by 10.5% during the fourth quarter. Mariner LLC now owns 11,066 shares of the company’s stock worth $205,000 after buying an additional 1,056 shares during the period. MetLife Investment Management LLC boosted its position in shares of GigaCloud Technology by 15.2% during the fourth quarter. MetLife Investment Management LLC now owns 15,875 shares of the company’s stock worth $294,000 after buying an additional 2,091 shares during the period. Hsbc Holdings PLC acquired a new position in shares of GigaCloud Technology during the fourth quarter worth approximately $375,000. Finally, Northern Trust Corp boosted its position in shares of GigaCloud Technology by 7.9% during the fourth quarter. Northern Trust Corp now owns 219,514 shares of the company’s stock worth $4,065,000 after buying an additional 16,063 shares during the period. 34.94% of the stock is owned by institutional investors.

Insider Activity at GigaCloud Technology

In other news, insider Marshall Bernes sold 16,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $31.29, for a total transaction of $500,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 24.71% of the company’s stock.

Analyst Ratings Changes

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

GigaCloud Technology Price Performance

Shares of NASDAQ:GCT opened at $26.14 on Friday. GigaCloud Technology Inc. has a 12 month low of $11.17 and a 12 month high of $34.50. The stock has a market cap of $984.69 million, a price-to-earnings ratio of 7.85 and a beta of 2.37. The stock’s 50 day moving average price is $24.54 and its 200 day moving average price is $18.89.

GigaCloud Technology (NASDAQ:GCT) last announced its earnings results on Thursday, August 7th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.46 by $0.45. The firm had revenue of $322.61 million for the quarter, compared to analysts’ expectations of $290.08 million. GigaCloud Technology had a return on equity of 32.33% and a net margin of 11.17%.The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. GigaCloud Technology has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that GigaCloud Technology Inc. will post 3.1 EPS for the current year.

GigaCloud Technology announced that its Board of Directors has approved a share repurchase plan on Monday, August 18th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are 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.