GigaCloud Technology Inc. (NASDAQ:GCT) Director Frank Hurst Lin Sells 94,413 Shares

GigaCloud Technology Inc. (NASDAQ:GCTGet Free Report) Director Frank Hurst Lin sold 94,413 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $27.38, for a total transaction of $2,585,027.94. Following the transaction, the director now owns 5,669,889 shares of the company’s stock, valued at approximately $155,241,560.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Frank Hurst Lin also recently made the following trade(s):

  • On Tuesday, March 19th, Frank Hurst Lin sold 133,097 shares of GigaCloud Technology stock. The stock was sold at an average price of $30.38, for a total value of $4,043,486.86.

GigaCloud Technology Stock Performance

Shares of GigaCloud Technology stock opened at $26.72 on Friday. The company has a fifty day moving average of $30.43 and a 200-day moving average of $18.72. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 11.62 and a beta of 2.40. GigaCloud Technology Inc. has a 52-week low of $4.93 and a 52-week high of $45.18.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm upped their price target on shares of GigaCloud Technology from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, December 7th.

View Our Latest Stock Report on GCT

Hedge Funds Weigh In On GigaCloud Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley bought a new stake in GigaCloud Technology in the 4th quarter worth about $25,000. State of Wyoming bought a new stake in shares of GigaCloud Technology during the second quarter valued at approximately $27,000. CWM LLC purchased a new stake in shares of GigaCloud Technology in the fourth quarter worth about $30,000. Quarry LP purchased a new position in shares of GigaCloud Technology in the fourth quarter valued at $47,000. Finally, UBS Group AG purchased a new position in GigaCloud Technology in the third quarter worth about $61,000. Hedge funds and other institutional investors own 34.94% 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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