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GigaCloud Technology Inc. (NASDAQ:GCT – Get Free Report) COO Xinyan Hao sold 1,088 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $32.36, for a total transaction of $35,207.68. Following the sale, the chief operating officer now owns 1,148,912 shares of the company’s stock, valued at approximately $37,178,792.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
GigaCloud Technology Price Performance
GCT stock opened at $26.91 on Friday. GigaCloud Technology Inc. has a 1-year low of $4.93 and a 1-year high of $45.18. The firm has a fifty day moving average price of $29.89 and a two-hundred day moving average price of $18.36. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 11.70 and a beta of 2.40.
Analyst Upgrades and Downgrades
Separately, Roth Mkm boosted their target price on shares of GigaCloud Technology from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, December 7th.
Read Our Latest Stock Report on GigaCloud Technology
Institutional Trading of GigaCloud Technology
Several institutional investors have recently added to or reduced their stakes in GCT. Morgan Stanley bought a new stake in GigaCloud Technology during the fourth quarter valued at $25,000. State of Wyoming bought a new position in shares of GigaCloud Technology during the second quarter worth about $27,000. CWM LLC bought a new position in shares of GigaCloud Technology during the fourth quarter worth about $30,000. Quarry LP bought a new position in shares of GigaCloud Technology during the fourth quarter worth about $47,000. Finally, UBS Group AG bought a new position in shares of GigaCloud Technology during the third quarter worth about $61,000. Institutional investors own 21.21% of the company’s stock.
GigaCloud Technology Company Profile
(Get Free Report)
GigaCloud Technology Inc provides end-to-end B2B ecommerce solutions for large parcel merchandise. 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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