GigaCloud Technology Inc. (NASDAQ:GCT) Given Average Rating of "Hold" by Analysts

Key Points

• GigaCloud Technology Inc. has received an average analyst rating of "Hold", with three analysts recommending hold and one recommending a buy, while the average price target stands at $24.00.
• Insider selling activity has been noted, with CEO Lei Wu selling 100,000 shares for approximately $2.85 million, reflecting a 62.5% decrease in his ownership.
• GigaCloud reported positive quarterly earnings, with $0.91 EPS exceeding expectations and revenue of $322.61 million, representing a year-over-year increase of 3.8%.

Shares of GigaCloud Technology Inc. (NASDAQ:GCT - Get Free Report) have been given an average recommendation of "Hold" by the four analysts that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.00.

A number of analysts have recently commented on the company. Wall Street Zen lowered GigaCloud Technology from a "buy" rating to a "hold" rating in a research note on Sunday, September 7th. Weiss Ratings reiterated a "hold (c+)" rating on shares of GigaCloud Technology in a report on Saturday, September 27th. Lake Street Capital increased their target price 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. Finally, Zacks Research upgraded GigaCloud Technology from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th.

Insider Buying and Selling

In related news, CEO Lei Wu sold 100,000 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $28.52, for a total value of $2,852,000.00. Following the transaction, the chief executive officer directly owned 60,000 shares in the company, valued at $1,711,200. This trade represents a 62.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Xinyan Hao sold 13,742 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $30.02, for a total value of $412,534.84. Following the completion of the transaction, the chief operating officer owned 793,744 shares in the company, valued at approximately $23,828,194.88. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,742 shares of company stock worth $3,894,255 in the last ninety days. Corporate insiders own 24.71% of the company's stock.

Institutional Investors Weigh In On GigaCloud Technology

Several large investors have recently made changes to their positions in GCT. Ameritas Advisory Services LLC purchased a new stake in shares of GigaCloud Technology during the 2nd quarter valued at $35,000. CWM LLC boosted its stake in GigaCloud Technology by 319.8% in 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 period. Tower Research Capital LLC TRC boosted its stake in GigaCloud Technology by 25.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,372 shares of the company's stock worth $47,000 after purchasing an additional 483 shares during the period. Ameritas Investment Partners Inc. boosted its stake in GigaCloud Technology by 17.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,705 shares of the company's stock worth $54,000 after purchasing an additional 405 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in 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 during the period. 34.94% of the stock is owned by hedge funds and other institutional investors.

GigaCloud Technology Price Performance

NASDAQ:GCT traded up $0.79 during trading hours on Friday, hitting $27.98. The company's stock had a trading volume of 706,031 shares, compared to its average volume of 959,097. The stock has a fifty day simple moving average of $27.74 and a 200-day simple moving average of $20.60. The company has a market capitalization of $1.05 billion, a P/E ratio of 8.40 and a beta of 2.36. GigaCloud Technology has a twelve month low of $11.17 and a twelve month high of $34.50.

GigaCloud Technology (NASDAQ:GCT - Get Free Report) last released its quarterly earnings data 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 return on equity of 32.33% and a net margin of 11.17%.The business had revenue of $322.61 million for the quarter, compared to analyst estimates of $290.08 million. During the same period last year, the firm posted $1.03 earnings per share. GigaCloud Technology's revenue was up 3.8% compared to the same quarter last year. GigaCloud Technology has set its Q3 2025 guidance at EPS. On average, equities analysts predict that GigaCloud Technology will post 3.1 EPS for the current fiscal year.

GigaCloud Technology declared that its board has initiated a share repurchase program on Monday, August 18th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase 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.

About GigaCloud Technology

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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