Insider Selling: GigaCloud Technology Inc. (NASDAQ:GCT) COO Sells 38,064 Shares of Stock

GigaCloud Technology Inc. (NASDAQ:GCTGet Free Report) COO Xinyan Hao sold 38,064 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $27.77, for a total transaction of $1,057,037.28. Following the completion of the sale, the chief operating officer now owns 1,110,848 shares in the company, valued at $30,848,248.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Xinyan Hao also recently made the following trade(s):

  • On Tuesday, March 19th, Xinyan Hao sold 1,088 shares of GigaCloud Technology stock. The stock was sold at an average price of $32.36, for a total value of $35,207.68.

GigaCloud Technology Trading Up 2.1 %

GCT opened at $26.72 on Friday. GigaCloud Technology Inc. has a 12-month low of $4.93 and a 12-month high of $45.18. The firm has a 50 day moving average of $30.43 and a two-hundred day moving average of $18.72. The firm has a market capitalization of $1.09 billion, a PE ratio of 11.62 and a beta of 2.40.

Analyst Ratings Changes

Separately, Roth Mkm raised their price target on GigaCloud Technology from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, December 7th.

Check Out Our Latest Stock Report on GigaCloud Technology

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new stake in GigaCloud Technology in the 3rd quarter worth approximately $9,634,000. Bridgeway Capital Management LLC acquired a new position in shares of GigaCloud Technology in the 4th quarter valued at $6,036,000. Verition Fund Management LLC purchased a new stake in GigaCloud Technology during the fourth quarter worth $4,613,000. New York State Common Retirement Fund acquired a new stake in GigaCloud Technology during the third quarter valued at $1,895,000. Finally, Quadrature Capital Ltd purchased a new position in GigaCloud Technology in the fourth quarter valued at $2,803,000. 34.94% of the stock is currently owned by institutional investors and hedge funds.

GigaCloud Technology Company Profile

(Get Free Report)

GigaCloud Technology Inc provides end-to-end B2B ecommerce solutions for large parcel merchandise. 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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