GigaCloud Technology Inc. (NASDAQ:GCT) CTO Xin Wan Sells 68,437 Shares

GigaCloud Technology Inc. (NASDAQ:GCT) CTO Xin Wan sold 68,437 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $20.43, for a total transaction of $1,398,167.91. Following the sale, the chief technology officer now owns 1,563 shares of the company’s stock, valued at $31,932.09. The trade was a 97.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Xin Wan also recently made the following trade(s):

• On Friday, December 6th, Xin Wan sold 80,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $22.14, for a total value of $1,771,200.00.

GigaCloud Technology Stock Down 1.4 %

Shares of GigaCloud Technology stock opened at $19.69 on Wednesday. GigaCloud Technology Inc. has a 12-month low of $13.29 and a 12-month high of $45.18. The firm has a market capitalization of $806.74 million, a PE ratio of 6.23 and a beta of 1.74. The stock’s fifty day moving average is $23.82 and its 200-day moving average is $25.05.

Institutional Trading of GigaCloud Technology

Several institutional investors and hedge funds have recently bought and sold shares of GCT. Amalgamated Bank acquired a new stake in GigaCloud Technology during the 2nd quarter valued at $25,000. MFA Wealth Advisors LLC purchased a new position in shares of GigaCloud Technology during the third quarter valued at $26,000. New York State Teachers Retirement System acquired a new position in GigaCloud Technology during the third quarter valued at $49,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in GigaCloud Technology in the 3rd quarter worth about $51,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in GigaCloud Technology during the 2nd quarter worth about $66,000. Institutional investors and hedge funds own 34.94% of the company’s stock.

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.