Rhumbline Advisers Boosts Position in GigaCloud Technology Inc. $GCT

Rhumbline Advisers lifted its stake in shares of GigaCloud Technology Inc. (NASDAQ:GCT) by 7.7% during the 1st quarter, Holdings Channel reports. The fund owned 32,184 shares of the company’s stock after buying an additional 2,302 shares during the quarter. Rhumbline Advisers’ holdings in GigaCloud Technology were worth $457,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its holdings in shares of GigaCloud Technology by 319.8% during the 1st quarter. CWM LLC now owns 2,821 shares of the company’s stock worth $40,000 after acquiring an additional 2,149 shares during the period. Russell Investments Group Ltd. raised its holdings in GigaCloud Technology by 724.7% in the 1st quarter. Russell Investments Group Ltd. now owns 4,148 shares of the company’s stock valued at $59,000 after buying an additional 3,645 shares during the period. Jones Financial Companies Lllp raised its holdings in GigaCloud Technology by 2,444.8% in the 1st quarter. Jones Financial Companies Lllp now owns 4,199 shares of the company’s stock valued at $60,000 after buying an additional 4,034 shares during the period. Heck Capital Advisors LLC purchased a new stake in GigaCloud Technology in the 4th quarter valued at about $79,000. Finally, Banque Cantonale Vaudoise purchased a new stake in GigaCloud Technology in the 1st quarter valued at about $103,000. Hedge funds and other institutional investors own 34.94% of the company’s stock.

GigaCloud Technology Price Performance

Shares of NASDAQ:GCT opened at $30.36 on Wednesday. The firm has a market capitalization of $1.14 billion, a PE ratio of 9.12 and a beta of 2.37. The firm’s 50-day moving average is $26.89 and its two-hundred day moving average is $19.97. GigaCloud Technology Inc. has a 1 year low of $11.17 and a 1 year high of $34.50.

GigaCloud Technology (NASDAQ:GCT) last released its earnings results on Thursday, August 7th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.45. GigaCloud Technology had a net margin of 11.17% and a return on equity of 32.33%. The firm had revenue of $322.61 million for the quarter, compared to analyst estimates of $290.08 million. During the same period in the prior year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. GigaCloud Technology has set its Q3 2025 guidance at EPS. Analysts expect that GigaCloud Technology Inc. will post 3.1 EPS for the current fiscal year.

GigaCloud Technology announced that its board has authorized a share buyback program on Monday, August 18th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Marshall Bernes sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $31.29, for a total transaction of $500,640.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lei Wu sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $28.52, for a total transaction of $2,852,000.00. Following the sale, the chief executive officer owned 60,000 shares in the company, valued at $1,711,200. The trade was a 62.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,000 shares of company stock worth $3,481,720 over the last 90 days. Insiders own 24.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GCT shares. Zacks Research upgraded shares of GigaCloud Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 19th. Wall Street Zen lowered shares of GigaCloud Technology from a “buy” rating to a “hold” rating in a report on Sunday, September 7th. Finally, Lake Street Capital boosted their price objective on shares of GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $24.00.

GigaCloud Technology 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.