GigaCloud Technology (NASDAQ:GCT - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.46 by $0.45, Zacks reports. The business had revenue of $322.61 million during the quarter, compared to analyst estimates of $290.08 million. GigaCloud Technology had a net margin of 11.17% and a return on equity of 32.83%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. GigaCloud Technology updated its Q3 2025 guidance to EPS.
GigaCloud Technology Trading Up 30.5%
Shares of NASDAQ:GCT traded up $6.76 on Friday, hitting $28.91. The company had a trading volume of 4,399,143 shares, compared to its average volume of 571,595. GigaCloud Technology has a 1-year low of $11.17 and a 1-year high of $29.20. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 8.68 and a beta of 2.36. The stock has a 50 day moving average price of $20.54 and a 200 day moving average price of $17.77.
Institutional Investors Weigh In On GigaCloud Technology
A number of large investors have recently bought and sold shares of GCT. Jones Financial Companies Lllp increased its position in GigaCloud Technology by 2,444.8% during the 1st quarter. Jones Financial Companies Lllp now owns 4,199 shares of the company's stock valued at $60,000 after purchasing an additional 4,034 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in GigaCloud Technology by 34.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,230 shares of the company's stock valued at $458,000 after purchasing an additional 8,274 shares during the period. Royal Bank of Canada increased its position in GigaCloud Technology by 91.4% during the 1st quarter. Royal Bank of Canada now owns 46,638 shares of the company's stock valued at $661,000 after purchasing an additional 22,273 shares during the period. AQR Capital Management LLC increased its position in GigaCloud Technology by 355.1% during the 1st quarter. AQR Capital Management LLC now owns 99,669 shares of the company's stock valued at $1,415,000 after purchasing an additional 77,769 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in GigaCloud Technology by 24.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 142,055 shares of the company's stock valued at $2,017,000 after purchasing an additional 28,309 shares during the period. 34.94% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Lake Street Capital upped their price target on shares of GigaCloud Technology from $26.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday.
Read Our Latest Report on GigaCloud Technology
GigaCloud Technology Company Profile
(
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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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