Cetera Investment Advisers Acquires 18,914 Shares of GigaCloud Technology Inc. $GCT

Key Points

• Cetera Investment Advisers increased its GigaCloud Technology stake by 55.2% in the first quarter, purchasing 18,914 additional shares for a total of 53,180 shares valued at approximately $2.4 million. Other institutions, including AQR Capital Management and Royal Bank of Canada, also raised their positions.
• GigaCloud reported quarterly results above expectations, with revenue of $411.64 million and EPS of $1.16 versus analyst estimates of $380.63 million and $0.90, respectively. Analysts expect the company to earn $4.18 per share for the current fiscal year.
• Despite the earnings beat, analyst sentiment is cautious: recent rating cuts have left GigaCloud with a consensus rating of Hold. The stock opened at $53.25, near its 52-week high of $56.27.

Cetera Investment Advisers grew its holdings in GigaCloud Technology Inc. (NASDAQ:GCT - Free Report) by 55.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,180 shares of the company's stock after purchasing an additional 18,914 shares during the quarter. Cetera Investment Advisers owned about 0.15% of GigaCloud Technology worth $2,413,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of GigaCloud Technology by 91.4% in the first quarter. Royal Bank of Canada now owns 46,638 shares of the company's stock valued at $661,000 after buying an additional 22,273 shares in the last quarter. AQR Capital Management LLC lifted its position in GigaCloud Technology by 355.1% during the 1st quarter. AQR Capital Management LLC now owns 99,669 shares of the company's stock worth $1,415,000 after buying an additional 77,769 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in GigaCloud Technology by 34.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,230 shares of the company's stock worth $458,000 after buying an additional 8,274 shares in the last quarter. Jones Financial Companies Lllp lifted its position in GigaCloud Technology by 2,444.8% during the 1st quarter. Jones Financial Companies Lllp now owns 4,199 shares of the company's stock worth $60,000 after buying an additional 4,034 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in GigaCloud Technology by 24.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 142,055 shares of the company's stock worth $2,017,000 after acquiring an additional 28,309 shares during the last quarter. Institutional investors own 34.94% of the company's stock.

Analyst Upgrades and Downgrades

GCT has been the subject of several research reports. Weiss Ratings cut shares of GigaCloud Technology from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, June 8th. Zacks Research lowered shares of GigaCloud Technology from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen cut shares of GigaCloud Technology from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, GigaCloud Technology presently has a consensus rating of "Hold".

GigaCloud Technology Stock Up 1.6%

GCT stock opened at $53.25 on Friday. The company has a market cap of $1.96 billion, a P/E ratio of 12.59 and a beta of 1.65. GigaCloud Technology Inc. has a twelve month low of $24.86 and a twelve month high of $56.27. The business has a fifty day moving average of $36.38 and a 200-day moving average of $39.61.

GigaCloud Technology (NASDAQ:GCT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.26. The business had revenue of $411.64 million for the quarter, compared to analyst estimates of $380.63 million. GigaCloud Technology had a return on equity of 32.23% and a net margin of 10.65%. As a group, equities research analysts anticipate that GigaCloud Technology Inc. will post 4.18 earnings per share for the current fiscal year.

GigaCloud Technology News Summary

Here are the key news stories impacting GigaCloud Technology this week:

• Positive Sentiment: Q2 results beat estimates: Revenue rose 27.6% year over year to $411.6 million, above the roughly $380.6 million consensus estimate, while diluted EPS of $1.16 exceeded estimates ranging from $0.85 to $0.90. Net income increased 22.3% to $42.3 million, and adjusted EBITDA climbed 39.5% to $60.4 million. GigaCloud Technology Q2 financial results
• Positive Sentiment: Margins and operating metrics improved: Gross margin expanded to 25.6% from 23.9% a year earlier. Marketplace GMV grew 21.3% to $1.74 billion over the latest 12 months, while third-party seller GMV rose 27.0%; active sellers and buyers increased 26.1% and 17.1%, respectively.
• Positive Sentiment: Guidance topped expectations: GigaCloud forecast third-quarter revenue of $375 million to $400 million, above the approximately $370.7 million analyst consensus, reinforcing expectations for continued growth. GigaCloud Q2 results and guidance
• Positive Sentiment: Buyback expanded: The company authorized a new three-year, $120 million share-repurchase program after buying back approximately $30 million of shares during the quarter and another $18 million after quarter-end. The move signals management’s confidence and could support per-share results. The earnings call also highlighted 66% European GMV growth and the integration of New Classic. GCT earnings call takeaways
• Neutral Sentiment: Key risks remain: Cash, restricted cash and investments declined 9.2% from year-end, partly reflecting acquisitions and repurchases. Net margin edged lower year over year despite higher profit, and reported insider activity included substantial selling with no purchases in the latest six months.

GigaCloud Technology Company Profile

GigaCloud Technology Inc NASDAQ: GCT is a China-based provider of software-as-a-service (SaaS) and cloud computing solutions tailored for cross-border e-commerce. The company’s core offering, its Supply Chain Embedded E-commerce as a Service (SCEaaS) platform, integrates procurement, order management, warehousing, logistics and payment services into a unified cloud-based system. This end-to-end digital supply chain solution is designed to help small and medium-sized Chinese exporters efficiently connect with global buyers without the need to build and maintain their own infrastructure.

Through its modular, subscription-based SaaS model, GigaCloud enables merchants to scale operations on demand and minimize upfront capital expenditures.

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