GigaCloud Technology Inc. (NASDAQ:GCT – Get Free Report) CEO Lei Wu sold 1,000 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $32.23, for a total transaction of $32,230.00. Following the completion of the sale, the chief executive officer now directly owns 1,237,816 shares of the company’s stock, valued at $39,894,809.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Lei Wu also recently made the following trade(s):
- On Monday, April 15th, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $32.56, for a total value of $1,432,640.00.
- On Wednesday, April 10th, Lei Wu sold 1,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $31.86, for a total value of $31,860.00.
- On Monday, April 8th, Lei Wu sold 20,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $33.07, for a total value of $661,400.00.
- On Thursday, April 4th, Lei Wu sold 20,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $36.39, for a total value of $727,800.00.
- On Monday, April 1st, Lei Wu sold 1,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $29.53, for a total value of $29,530.00.
- On Tuesday, March 26th, Lei Wu sold 6 shares of GigaCloud Technology stock. The shares were sold at an average price of $27.64, for a total value of $165.84.
GigaCloud Technology Stock Down 0.4 %
Shares of GCT opened at $34.96 on Thursday. GigaCloud Technology Inc. has a fifty-two week low of $4.93 and a fifty-two week high of $45.18. The company’s fifty day moving average is $32.64 and its two-hundred day moving average is $20.76. The firm has a market cap of $1.42 billion, a PE ratio of 15.20 and a beta of 2.26.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm raised their price target on shares of GigaCloud Technology from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd.
Check Out Our Latest Stock Analysis on GCT
Institutional Investors Weigh In On GigaCloud Technology
Several institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new position in shares of GigaCloud Technology during the third quarter worth $9,634,000. Bridgeway Capital Management LLC purchased a new position in GigaCloud Technology in the 4th quarter valued at about $6,036,000. Verition Fund Management LLC acquired a new stake in shares of GigaCloud Technology during the fourth quarter valued at about $4,613,000. New York State Common Retirement Fund purchased a new stake in shares of GigaCloud Technology during the third quarter worth about $1,895,000. Finally, Quadrature Capital Ltd acquired a new position in shares of GigaCloud Technology in the fourth quarter worth about $2,803,000. Hedge funds and other institutional investors own 34.94% 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.
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