GigaCloud Technology Inc. (NASDAQ:GCT – Get Free Report) CEO Lei Wu sold 44,000 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $31.87, for a total transaction of $1,402,280.00. Following the completion of the transaction, the chief executive officer now directly owns 709,816 shares in the company, valued at approximately $22,621,835.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Lei Wu also recently made the following trade(s):
- On Friday, April 26th, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $35.89, for a total transaction of $1,579,160.00.
- On Wednesday, April 24th, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $36.54, for a total transaction of $1,607,760.00.
- On Monday, April 22nd, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $35.98, for a total transaction of $1,583,120.00.
- On Friday, April 19th, Lei Wu sold 14,177 shares of GigaCloud Technology stock. The stock was sold at an average price of $36.10, for a total transaction of $511,789.70.
- On Wednesday, April 17th, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $34.61, for a total transaction 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 transaction of $1,432,640.00.
- On Friday, April 12th, Lei Wu sold 1,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $32.23, for a total transaction of $32,230.00.
- 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 transaction 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 transaction 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 transaction of $727,800.00.
GigaCloud Technology Trading Up 8.5 %
Shares of GCT opened at $34.70 on Friday. The firm has a market cap of $1.41 billion, a PE ratio of 15.09 and a beta of 1.99. The company’s 50 day simple moving average is $33.58 and its 200-day simple moving average is $22.77. GigaCloud Technology Inc. has a 12-month low of $4.97 and a 12-month high of $45.18.
Wall Street Analyst Weigh In
Separately, Roth Mkm increased their price target on shares of GigaCloud Technology from $28.00 to $35.00 and gave the company 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
Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new stake in GigaCloud Technology in the first quarter valued at $599,000. Nations Financial Group Inc. IA ADV acquired a new position in shares of GigaCloud Technology during the 1st quarter worth $1,201,000. SeaCrest Wealth Management LLC acquired a new position in shares of GigaCloud Technology during the 1st quarter worth $391,000. Harbour Capital Advisors LLC acquired a new position in shares of GigaCloud Technology during the 1st quarter worth $769,000. Finally, Nomura Holdings Inc. acquired a new position in shares of GigaCloud Technology during the 4th quarter worth $991,000. 34.94% of the stock is owned by institutional investors and hedge funds.
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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