Aptus Capital Advisors LLC Sells 28,386 Shares of GigaCloud Technology Inc. $GCT

Key Points

• Aptus Capital Advisors LLC reduced its stake in GigaCloud Technology Inc. by 23.6%, now holding approximately 0.23% of the company's shares, worth about $1.31 million.
• GigaCloud Technology reported earnings that surpassed expectations, with an EPS of $0.91 against an estimate of $0.46, and revenue of $322.61 million, exceeding the expected $290.08 million.
• Analysts have a mixed view on GigaCloud's stock, with one analyst rating it a Buy and others issuing Hold ratings, while the average price target stands at $24.00.

Aptus Capital Advisors LLC trimmed its holdings in GigaCloud Technology Inc. (NASDAQ:GCT - Free Report) by 23.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,946 shares of the company's stock after selling 28,386 shares during the period. Aptus Capital Advisors LLC owned about 0.23% of GigaCloud Technology worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GCT. CWM LLC grew 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 acquiring an additional 2,149 shares during the period. Russell Investments Group Ltd. grew 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 acquiring an additional 3,645 shares during the period. Heck Capital Advisors LLC acquired a new position in GigaCloud Technology in the fourth quarter valued at about $79,000. 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. 34.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at GigaCloud Technology

In related news, insider Marshall Bernes sold 16,000 shares of the company's 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 document filed with the SEC, which is available at this hyperlink. Insiders own 24.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GCT. Zacks Research raised GigaCloud Technology from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 19th. Lake Street Capital boosted their price target on GigaCloud Technology from $26.00 to $33.00 and gave the company a "buy" rating in a report on Friday, August 8th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $24.00.

GigaCloud Technology Trading Down 5.6%

Shares of GigaCloud Technology stock traded down $1.56 during trading on Tuesday, reaching $26.54. The stock had a trading volume of 1,351,985 shares, compared to its average volume of 1,231,954. The company has a market capitalization of $999.66 million, a price-to-earnings ratio of 7.97 and a beta of 2.36. The stock has a fifty day moving average price of $23.48 and a two-hundred day moving average price of $18.60. GigaCloud Technology Inc. has a 52 week low of $11.17 and a 52 week high of $34.50.

GigaCloud Technology (NASDAQ:GCT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.45. GigaCloud Technology had a return on equity of 32.33% and a net margin of 11.17%.The company had revenue of $322.61 million for the quarter, compared to analyst estimates of $290.08 million. During the same period in the previous year, the company posted $1.03 earnings per share. The company's quarterly revenue was up 3.8% compared to the same quarter last year. GigaCloud Technology has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that GigaCloud Technology Inc. will post 3.1 EPS for the current fiscal year.

GigaCloud Technology announced that its board has initiated a stock repurchase program on Monday, August 18th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

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.