Cetera Investment Advisers Decreases Stake in GigaCloud Technology Inc. $GCT

Key Points

• Cetera Investment Advisers has reduced its holdings in GigaCloud Technology by 45.6% during the first quarter, leaving them with 16,644 shares valued at $236,000.
• JPMorgan Chase & Co. and Legal & General Group have both increased their stakes in GigaCloud Technology, indicating continued institutional interest in the company.
• GigaCloud Technology's stock is facing recent volatility, currently trading at $29.95, with a 52-week range of $11.17 to $34.50.

Cetera Investment Advisers lowered its stake in GigaCloud Technology Inc. (NASDAQ:GCT - Free Report) by 45.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,644 shares of the company's stock after selling 13,971 shares during the quarter. Cetera Investment Advisers' holdings in GigaCloud Technology were worth $236,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Oasis Management Co Ltd. acquired a new stake in shares of GigaCloud Technology during the fourth quarter worth about $5,550,000. Jane Street Group LLC raised its holdings in GigaCloud Technology by 1,599.5% in the fourth quarter. Jane Street Group LLC now owns 236,202 shares of the company's stock valued at $4,374,000 after acquiring an additional 222,304 shares in the last quarter. Nuveen Asset Management LLC increased its stake in GigaCloud Technology by 37.1% in the fourth quarter. Nuveen Asset Management LLC now owns 409,787 shares of the company's stock valued at $7,589,000 after purchasing an additional 110,804 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of GigaCloud Technology in the 4th quarter valued at $1,914,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of GigaCloud Technology by 95.8% in the 1st quarter. Victory Capital Management Inc. now owns 137,855 shares of the company's stock valued at $1,958,000 after buying an additional 67,455 shares in the last quarter. Institutional investors and hedge funds own 34.94% of the company's stock.

GigaCloud Technology Trading Down 0.4%

GCT traded down $0.11 during midday trading on Wednesday, hitting $26.43. The company's stock had a trading volume of 827,046 shares, compared to its average volume of 1,270,848. The firm has a market cap of $995.62 million, a P/E ratio of 7.94 and a beta of 2.36. The firm has a 50-day moving average price of $23.65 and a two-hundred day moving average price of $18.66. 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 posted its quarterly earnings results on Thursday, August 7th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.46 by $0.45. The company had revenue of $322.61 million during the quarter, compared to analysts' expectations of $290.08 million. GigaCloud Technology had a return on equity of 32.33% and a net margin of 11.17%.The firm's revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. GigaCloud Technology has set its Q3 2025 guidance at EPS. On average, equities analysts expect that GigaCloud Technology Inc. will post 3.1 EPS for the current year.

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

Insider Activity

In other news, insider Marshall Bernes sold 16,000 shares of the business'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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 24.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GCT shares. Lake Street Capital raised their target price on shares of GigaCloud Technology from $26.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Zacks Research upgraded shares of GigaCloud Technology from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.