GigaCloud Technology (NASDAQ:GCT) Downgraded to “Hold” Rating by Wall Street Zen

GigaCloud Technology (NASDAQ:GCT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

GCT has been the topic of several other reports. Weiss Ratings raised shares of GigaCloud Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Zacks Research lowered GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Lake Street Capital lifted their target price on GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.00.

GigaCloud Technology Stock Up 5.7%

GCT opened at $36.78 on Wednesday. GigaCloud Technology has a 52 week low of $11.17 and a 52 week high of $36.80. The business has a fifty day simple moving average of $29.31 and a 200-day simple moving average of $24.98. The firm has a market cap of $1.36 billion, a P/E ratio of 11.01 and a beta of 2.35.

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

GigaCloud Technology announced that its board has initiated a stock buyback program on Monday, August 18th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at GigaCloud Technology

In other news, 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 in the company, valued at approximately $1,711,200. This represents a 62.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Xinyan Hao sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $35.18, for a total value of $3,518,000.00. Following the sale, the chief operating officer owned 407,486 shares of the company’s stock, valued at approximately $14,335,357.48. The trade was a 19.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 410,000 shares of company stock worth $12,898,316 in the last three months. 24.71% of the stock is currently owned by corporate insiders.

Institutional Trading of GigaCloud Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of GigaCloud Technology by 18.2% during the 3rd quarter. Vanguard Group Inc. now owns 803,664 shares of the company’s stock worth $22,824,000 after buying an additional 123,596 shares during the last quarter. Geode Capital Management LLC lifted its position in GigaCloud Technology by 9.1% in the second quarter. Geode Capital Management LLC now owns 630,805 shares of the company’s stock valued at $12,479,000 after acquiring an additional 52,415 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in GigaCloud Technology in the third quarter valued at $14,335,000. Nuveen LLC acquired a new position in GigaCloud Technology in the first quarter valued at $6,502,000. Finally, UBS Group AG grew its holdings in shares of GigaCloud Technology by 133.8% during the third quarter. UBS Group AG now owns 441,992 shares of the company’s stock worth $12,553,000 after purchasing an additional 252,934 shares during the last quarter. Institutional investors and hedge funds own 34.94% of the company’s stock.

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.