Ethos Financial Group LLC Purchases Shares of 40,717 GigaCloud Technology Inc. $GCT

Key Points

• Ethos Financial Group LLC acquired 40,717 shares of GigaCloud Technology Inc., valued at approximately $578,000, representing about 0.10% ownership of the company.
• Several other hedge funds, including CWM LLC and Russell Investments Group Ltd., significantly increased their stakes in GigaCloud during the first quarter, indicating growing institutional interest in the stock.
• GigaCloud Technology reported a quarterly earnings per share of $0.91, surpassing analysts' expectations, with revenue of $322.61 million, reflecting a 3.8% year-over-year growth.

Ethos Financial Group LLC bought a new stake in GigaCloud Technology Inc. (NASDAQ:GCT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,717 shares of the company's stock, valued at approximately $578,000. Ethos Financial Group LLC owned about 0.10% of GigaCloud Technology as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in shares of GigaCloud Technology by 724.7% in the 1st quarter. Russell Investments Group Ltd. now owns 4,148 shares of the company's stock worth $59,000 after purchasing an additional 3,645 shares in the last quarter. Nuveen LLC bought a new stake in GigaCloud Technology in the 1st quarter worth approximately $6,502,000. Invesco Ltd. lifted its position in GigaCloud Technology by 42.4% in the 1st quarter. Invesco Ltd. now owns 30,251 shares of the company's stock worth $430,000 after buying an additional 9,003 shares during the last quarter. Swiss National Bank boosted its stake in GigaCloud Technology by 18.3% in the first quarter. Swiss National Bank now owns 54,200 shares of the company's stock worth $770,000 after buying an additional 8,400 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its position in GigaCloud Technology by 13.6% during the first quarter. Pacific Ridge Capital Partners LLC now owns 41,053 shares of the company's stock valued at $583,000 after acquiring an additional 4,912 shares during the last quarter. Institutional investors own 34.94% of the company's stock.

GigaCloud Technology Stock Down 5.2%

NASDAQ:GCT traded down $1.65 during trading hours on Thursday, hitting $29.95. 1,265,236 shares of the stock traded hands, compared to its average volume of 932,068. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 8.99 and a beta of 2.36. GigaCloud Technology Inc. has a 1 year low of $11.17 and a 1 year high of $34.50. The stock has a 50 day moving average price of $22.62 and a 200 day moving average price of $18.37.

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

GigaCloud Technology declared that its board has initiated a share buyback plan on Monday, August 18th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Lake Street Capital boosted 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. Zacks Research raised shares of GigaCloud Technology from a "strong sell" rating to a "hold" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, GigaCloud Technology currently has an average rating of "Hold" and a consensus price target of $24.00.

Insider Activity at GigaCloud Technology

In other 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 value of $500,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 24.71% of the stock is owned by insiders.

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.