GigaCloud Technology Inc. $GCT Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. boosted its position in shares of GigaCloud Technology Inc. (NASDAQ:GCT) by 5.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,945 shares of the company’s stock after acquiring an additional 585 shares during the period. Stratos Wealth Partners LTD.’s holdings in GigaCloud Technology were worth $217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of GigaCloud Technology by 52.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 28,380 shares of the company’s stock worth $418,000 after buying an additional 9,787 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of GigaCloud Technology by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 74,234 shares of the company’s stock worth $1,054,000 after buying an additional 1,028 shares during the last quarter. CWM LLC lifted its position in shares of 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 buying an additional 2,149 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of GigaCloud Technology by 95.8% during the 1st quarter. Victory Capital Management Inc. now owns 137,855 shares of the company’s stock worth $1,958,000 after buying an additional 67,455 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new stake in shares of GigaCloud Technology during the 1st quarter worth approximately $4,806,000. Institutional investors and hedge funds own 34.94% of the company’s stock.

GigaCloud Technology Stock Performance

Shares of GigaCloud Technology stock opened at $28.34 on Friday. The company has a market cap of $1.07 billion, a P/E ratio of 8.51 and a beta of 2.36. GigaCloud Technology Inc. has a one year low of $11.17 and a one year high of $34.50. The firm has a fifty day moving average of $28.38 and a two-hundred day moving average of $22.12.

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

GigaCloud Technology declared that its board has authorized a share buyback program on Monday, August 18th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, CEO Lei Wu sold 100,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $28.52, for a total transaction of $2,852,000.00. Following the transaction, the chief executive officer directly owned 60,000 shares of the company’s stock, valued at $1,711,200. This represents a 62.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Marshall Bernes sold 16,000 shares of the company’s 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 disclosure for this sale can be found here. In the last quarter, insiders sold 133,742 shares of company stock worth $3,894,255. 24.71% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GCT has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of GigaCloud Technology from a “buy” rating to a “hold” rating in a research report on Saturday. Lake Street Capital upped their price target on shares of GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of GigaCloud Technology in a research report on Saturday. Finally, Zacks Research upgraded shares of GigaCloud Technology from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

GigaCloud Technology 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.