AXQ Capital LP Invests $256,000 in GigaCloud Technology Inc. $GCT

AXQ Capital LP bought a new stake in GigaCloud Technology Inc. (NASDAQ:GCT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,951 shares of the company’s stock, valued at approximately $256,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in GigaCloud Technology by 9.1% in the second quarter. Geode Capital Management LLC now owns 630,805 shares of the company’s stock worth $12,479,000 after acquiring an additional 52,415 shares in the last quarter. Nuveen LLC acquired a new position in shares of GigaCloud Technology during the first quarter worth approximately $6,502,000. Franklin Resources Inc. lifted its holdings in shares of GigaCloud Technology by 1.0% in the 2nd quarter. Franklin Resources Inc. now owns 407,960 shares of the company’s stock worth $8,069,000 after purchasing an additional 4,163 shares in the last quarter. Bridgeway Capital Management LLC grew its position in GigaCloud Technology by 1.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 377,633 shares of the company’s stock valued at $5,362,000 after purchasing an additional 4,034 shares during the period. Finally, JPMorgan Chase & Co. grew its position in GigaCloud Technology by 67.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 339,885 shares of the company’s stock valued at $6,723,000 after purchasing an additional 137,201 shares during the period. 34.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Xinyan Hao sold 30,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $30.32, for a total transaction of $909,600.00. Following the completion of the sale, the chief operating officer owned 566,805 shares in the company, valued at approximately $17,185,527.60. This trade represents a 5.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Lei Wu sold 100,000 shares of GigaCloud Technology stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $28.52, for a total transaction of $2,852,000.00. Following the completion of the sale, the chief executive officer directly owned 60,000 shares in the company, valued at approximately $1,711,200. This represents a 62.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 310,000 shares of company stock valued at $9,380,316. 24.71% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on GCT shares. Lake Street Capital upped their price objective on shares of GigaCloud Technology from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Weiss Ratings raised shares of GigaCloud Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Zacks Research lowered shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Wall Street Zen upgraded GigaCloud Technology from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $24.00.

GigaCloud Technology Stock Down 0.2%

GCT stock opened at $34.81 on Tuesday. The firm has a market cap of $1.29 billion, a PE ratio of 10.42 and a beta of 2.35. The business has a 50 day moving average of $29.19 and a 200-day moving average of $24.83. GigaCloud Technology Inc. has a 12-month low of $11.17 and a 12-month high of $35.81.

GigaCloud Technology (NASDAQ:GCT) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.34. GigaCloud Technology had a return on equity of 30.43% and a net margin of 10.62%.The business had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $300.96 million. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. GigaCloud Technology has set its Q4 2025 guidance at EPS. On average, research analysts expect that GigaCloud Technology Inc. will post 3.1 earnings per share for the current year.

GigaCloud Technology declared that its board has approved a stock repurchase plan on Monday, August 18th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management 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.