GigaCloud Technology Inc. (NASDAQ:GCT – Get Free Report) CEO Lei Wu sold 1,000 shares of GigaCloud Technology stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $32.23, for a total value of $32,230.00. Following the transaction, the chief executive officer now directly owns 1,237,816 shares of the company’s stock, valued at approximately $39,894,809.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Lei Wu also recently made the following trade(s):
- On Wednesday, April 17th, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $34.61, for a total value of $1,522,840.00.
- 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 shares were 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 shares were 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 Performance
Shares of GCT stock opened at $34.69 on Friday. GigaCloud Technology Inc. has a fifty-two week low of $4.93 and a fifty-two week high of $45.18. The stock has a 50 day moving average price of $32.90 and a two-hundred day moving average price of $20.97. The company has a market capitalization of $1.41 billion, a P/E ratio of 15.08 and a beta of 2.26.
Analyst Ratings Changes
Separately, Roth Mkm lifted their price target on GigaCloud Technology from $28.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd.
Read Our Latest Research Report on GigaCloud Technology
Hedge Funds Weigh In On GigaCloud Technology
A number of institutional investors have recently added to or reduced their stakes in GCT. Acadian Asset Management LLC bought a new position in shares of GigaCloud Technology during the third quarter valued at $9,634,000. Bridgeway Capital Management LLC purchased a new stake in shares of GigaCloud Technology during the fourth quarter valued at $6,036,000. Verition Fund Management LLC purchased a new position in GigaCloud Technology in the fourth quarter worth about $4,613,000. New York State Common Retirement Fund purchased a new position in GigaCloud Technology in the third quarter worth about $1,895,000. Finally, Quadrature Capital Ltd purchased a new position in GigaCloud Technology in the fourth quarter worth about $2,803,000. 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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