Quantbot Technologies LP Buys New Shares in GigaCloud Technology Inc. $GCT

Key Points

• Quantbot Technologies LP acquired a new stake in GigaCloud Technology, purchasing 46,462 shares valued at approximately $660,000, representing about 0.12% ownership in the company.
• A number of institutional investors, including Nuveen LLC and Jane Street Group LLC, have also increased their holdings in GigaCloud Technology, with institutional ownership now at 34.94%.
• GigaCloud Technology reported earnings of $0.91 per share, exceeding analyst expectations, and the company has set a target price of $24.00 based on consensus ratings.

Quantbot Technologies LP purchased a new stake in shares of GigaCloud Technology Inc. (NASDAQ:GCT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,462 shares of the company's stock, valued at approximately $660,000. Quantbot Technologies LP owned about 0.12% of GigaCloud Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Nuveen LLC acquired a new position in shares of GigaCloud Technology during the 1st quarter worth approximately $6,502,000. Pacer Advisors Inc. bought a new position in shares of GigaCloud Technology in the first quarter valued at $4,806,000. Oasis Management Co Ltd. acquired a new position in GigaCloud Technology during the fourth quarter worth $5,550,000. Jane Street Group LLC increased its holdings in GigaCloud Technology by 1,599.5% during the fourth quarter. Jane Street Group LLC now owns 236,202 shares of the company's stock worth $4,374,000 after buying an additional 222,304 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in GigaCloud Technology by 37.1% during the fourth quarter. Nuveen Asset Management LLC now owns 409,787 shares of the company's stock worth $7,589,000 after acquiring an additional 110,804 shares in the last quarter. 34.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on GCT shares. Lake Street Capital lifted their price objective on shares of GigaCloud Technology from $26.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Zacks Research upgraded GigaCloud Technology from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, GigaCloud Technology currently has a consensus rating of "Hold" and a consensus target price of $24.00.

Insider Transactions at GigaCloud Technology

In related news, insider Marshall Bernes sold 16,000 shares of the business's stock in a transaction on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.71% of the stock is owned by company insiders.

GigaCloud Technology Stock Performance

NASDAQ GCT opened at $31.03 on Monday. The stock has a market cap of $1.17 billion, a PE ratio of 9.32 and a beta of 2.36. The firm has a 50-day moving average of $23.11 and a 200-day moving average of $18.49. 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 released its quarterly earnings results on Thursday, August 7th. The company reported $0.91 earnings per share 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 analysts' expectations of $290.08 million. During the same period in the prior year, the firm earned $1.03 EPS. The business's revenue was up 3.8% on a year-over-year basis. GigaCloud Technology has set its Q3 2025 guidance at EPS. As a group, analysts predict that GigaCloud Technology Inc. will post 3.1 EPS for the current fiscal year.

GigaCloud Technology announced that its board has authorized 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 reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

GigaCloud Technology Company 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.

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