Ethos Financial Group LLC Takes Position in 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 acquired a new position in shares of GigaCloud Technology Inc. (NASDAQ:GCT - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 40,717 shares of the company's stock, valued at approximately $578,000. Ethos Financial Group LLC owned about 0.10% of GigaCloud Technology at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its position in shares of GigaCloud Technology by 319.8% during the 1st quarter. CWM LLC now owns 2,821 shares of the company's stock worth $40,000 after purchasing an additional 2,149 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of GigaCloud Technology by 724.7% during 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 during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of GigaCloud Technology during the 4th quarter worth about $79,000. Banque Cantonale Vaudoise acquired a new stake in shares of GigaCloud Technology during the 1st quarter worth about $103,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of GigaCloud Technology during the 1st quarter worth about $147,000. 34.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at GigaCloud Technology

In other GigaCloud Technology news, insider Marshall Bernes sold 16,000 shares of the 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 SEC, which is available at this link. 24.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GCT has been the subject of a number of recent analyst reports. Zacks Research raised GigaCloud Technology from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Lake Street Capital raised 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. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, GigaCloud Technology has an average rating of "Hold" and an average price target of $24.00.

GigaCloud Technology Stock Performance

GCT stock traded up $1.08 during mid-day trading on Friday, reaching $31.03. The company had a trading volume of 766,676 shares, compared to its average volume of 1,156,336. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 9.32 and a beta of 2.36. The firm has a fifty day simple moving average of $23.11 and a 200 day simple moving average of $18.51. GigaCloud Technology Inc. has a fifty-two week low of $11.17 and a fifty-two 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.45. The company had revenue of $322.61 million for the quarter, compared to analyst estimates of $290.08 million. GigaCloud Technology had a return on equity of 32.33% and a net margin of 11.17%.GigaCloud Technology's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. GigaCloud Technology has set its Q3 2025 guidance at EPS. As a group, analysts predict that GigaCloud Technology Inc. will post 3.1 earnings per share for the current year.

GigaCloud Technology declared that its board has approved a share repurchase plan on Monday, August 18th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication 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.