Voya Investment Management LLC Has $237,000 Stake in GigaCloud Technology Inc. $GCT

Voya Investment Management LLC raised its stake in GigaCloud Technology Inc. (NASDAQ:GCT) by 25.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,692 shares of the company’s stock after buying an additional 3,398 shares during the quarter. Voya Investment Management LLC’s holdings in GigaCloud Technology were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in GigaCloud Technology by 319.8% in the first quarter. CWM LLC now owns 2,821 shares of the company’s stock valued at $40,000 after buying an additional 2,149 shares during the period. Russell Investments Group Ltd. lifted its stake in GigaCloud Technology by 724.7% in the first 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. Jones Financial Companies Lllp lifted its stake in GigaCloud Technology by 2,444.8% in the first quarter. Jones Financial Companies Lllp now owns 4,199 shares of the company’s stock valued at $60,000 after buying an additional 4,034 shares during the period. Banque Cantonale Vaudoise acquired a new position in GigaCloud Technology in the first quarter valued at about $103,000. Finally, Stratos Wealth Partners LTD. acquired a new position in GigaCloud Technology in the first quarter valued at about $147,000. Institutional investors and hedge funds own 34.94% of the company’s stock.

GigaCloud Technology Stock Performance

NASDAQ:GCT opened at $29.44 on Tuesday. The company has a market cap of $1.11 billion, a PE ratio of 8.84 and a beta of 2.37. GigaCloud Technology Inc. has a 52-week low of $11.17 and a 52-week high of $34.50. The stock has a 50-day simple moving average of $27.52 and a 200 day simple moving average of $20.41.

GigaCloud Technology (NASDAQ:GCT) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.45. The business had revenue of $322.61 million during the quarter, compared to the consensus estimate of $290.08 million. GigaCloud Technology had a return on equity of 32.33% and a net margin of 11.17%.GigaCloud Technology’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. GigaCloud Technology has set its Q3 2025 guidance at EPS. On average, research analysts predict 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 share buyback plan on Monday, August 18th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

GCT has been the topic of several analyst reports. Lake Street Capital increased their target price on GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Wall Street Zen lowered GigaCloud Technology from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. Finally, Zacks Research raised GigaCloud Technology from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 19th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, GigaCloud Technology has an average rating of “Hold” and a consensus target price of $24.00.

Insider Transactions at GigaCloud Technology

In related news, insider Marshall Bernes sold 16,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $31.29, for a total transaction of $500,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lei Wu sold 100,000 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $28.52, for a total value of $2,852,000.00. Following the transaction, the chief executive officer owned 60,000 shares of the company’s stock, valued at approximately $1,711,200. The trade was a 62.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,000 shares of company stock valued at $3,481,720. 24.71% of the stock is owned by corporate insiders.

About GigaCloud Technology

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.