Quantbot Technologies LP Has $1.94 Million Holdings in GigaCloud Technology Inc. $GCT

Quantbot Technologies LP raised its stake in GigaCloud Technology Inc. (NASDAQ:GCT) by 158.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,442 shares of the company’s stock after buying an additional 41,960 shares during the quarter. Quantbot Technologies LP’s holdings in GigaCloud Technology were worth $1,944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its position in shares of GigaCloud Technology by 17.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,705 shares of the company’s stock worth $54,000 after buying an additional 405 shares during the period. Tower Research Capital LLC TRC boosted its stake in GigaCloud Technology by 25.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,372 shares of the company’s stock worth $47,000 after acquiring an additional 483 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in GigaCloud Technology by 184.6% during the third quarter. Jones Financial Companies Lllp now owns 908 shares of the company’s stock valued at $27,000 after purchasing an additional 589 shares during the period. Police & Firemen s Retirement System of New Jersey grew its holdings in GigaCloud Technology by 31.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 6,209 shares of the company’s stock valued at $123,000 after purchasing an additional 1,489 shares during the period. Finally, Global Retirement Partners LLC increased its stake in GigaCloud Technology by 534.3% in the third quarter. Global Retirement Partners LLC now owns 1,903 shares of the company’s stock valued at $54,000 after purchasing an additional 1,603 shares in the last quarter. Institutional investors own 34.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Zacks Research cut shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings upgraded GigaCloud Technology from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 27th. Finally, Wall Street Zen upgraded GigaCloud Technology from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, GigaCloud Technology has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

GigaCloud Technology Trading Up 4.2%

Shares of NASDAQ GCT opened at $44.40 on Thursday. The company has a fifty day moving average price of $39.62 and a 200 day moving average price of $34.25. The firm has a market cap of $1.65 billion, a PE ratio of 12.27 and a beta of 2.24. GigaCloud Technology Inc. has a 1-year low of $11.17 and a 1-year high of $48.00.

GigaCloud Technology (NASDAQ:GCT) last issued its quarterly earnings results on Thursday, February 26th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.39. The company had revenue of $362.75 million for the quarter, compared to analyst estimates of $332.33 million. GigaCloud Technology had a return on equity of 30.74% and a net margin of 10.65%.The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share. Equities research analysts forecast that GigaCloud Technology Inc. will post 3.1 EPS for the current year.

Insider Activity at GigaCloud Technology

In related news, CEO Lei Wu sold 30,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $42.83, for a total value of $1,284,900.00. Following the completion of the transaction, the chief executive officer owned 518,090 shares of the company’s stock, valued at approximately $22,189,794.70. This trade represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 282,710 shares of company stock valued at $12,195,004 over the last 90 days. Insiders own 24.71% of the company’s stock.

GigaCloud Technology Company Profile

GigaCloud Technology Inc (NASDAQ:GCT) is a China-based provider of software-as-a-service (SaaS) and cloud computing solutions tailored for cross-border e-commerce. The company’s core offering, its Supply Chain Embedded E-commerce as a Service (SCEaaS) platform, integrates procurement, order management, warehousing, logistics and payment services into a unified cloud-based system. This end-to-end digital supply chain solution is designed to help small and medium-sized Chinese exporters efficiently connect with global buyers without the need to build and maintain their own infrastructure.

Through its modular, subscription-based SaaS model, GigaCloud enables merchants to scale operations on demand and minimize upfront capital expenditures.