GigaCloud Technology (NASDAQ:GCT) Posts Earnings Results, Misses Estimates By $0.14 EPS

GigaCloud Technology (NASDAQ:GCT) released its quarterly earnings data on Monday. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.14), Zacks reports. The business had revenue of $295.78 million for the quarter, compared to the consensus estimate of $290.00 million. GigaCloud Technology had a return on equity of 40.32% and a net margin of 11.75%. During the same period in the previous year, the business posted $0.87 earnings per share. GigaCloud Technology updated its Q1 2025 guidance to EPS.

GigaCloud Technology Stock Down 3.0 %

NASDAQ:GCT opened at $15.53 on Wednesday. The firm has a market cap of $636.30 million, a PE ratio of 4.91 and a beta of 1.94. GigaCloud Technology has a 12 month low of $13.60 and a 12 month high of $45.18. The company’s 50-day moving average price is $19.47 and its two-hundred day moving average price is $21.27.

Analyst Upgrades and Downgrades

GCT has been the subject of a number of analyst reports. Roth Capital downgraded shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Roth Mkm downgraded shares of GigaCloud Technology from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $32.00 to $15.00 in a report on Tuesday. Finally, Lake Street Capital reduced their price objective on shares of GigaCloud Technology from $50.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, GigaCloud Technology currently has an average rating of “Moderate Buy” and a consensus price target of $36.67.

Insider Buying and Selling at GigaCloud Technology

In other news, CTO Xin Wan sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $22.14, for a total transaction of $1,771,200.00. Following the transaction, the chief technology officer now directly owns 867,540 shares in the company, valued at approximately $19,207,335.60. This represents a 8.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marshall Bernes bought 5,000 shares of GigaCloud Technology stock in a transaction dated Friday, December 27th. The shares were bought at an average price of $17.50 per share, for a total transaction of $87,500.00. Following the completion of the transaction, the insider now directly owns 45,000 shares of the company’s stock, valued at $787,500. This represents a 12.50 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 2,811,979 shares of company stock worth $61,233,745 over the last ninety days. Corporate insiders own 43.00% of the company’s stock.

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.