GigaCloud Technology Inc. (NASDAQ:GCT – Get Free Report) CEO Lei Wu sold 44,000 shares of GigaCloud Technology stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $36.54, for a total transaction of $1,607,760.00. Following the sale, the chief executive officer now owns 885,816 shares in the company, valued at approximately $32,367,716.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Lei Wu also recently made the following trade(s):
- 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $36.39, for a total transaction of $727,800.00.
- On Monday, April 1st, Lei Wu sold 1,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $29.53, for a total transaction of $29,530.00.
- On Tuesday, March 26th, Lei Wu sold 6 shares of GigaCloud Technology stock. The stock was sold at an average price of $27.64, for a total transaction of $165.84.
GigaCloud Technology Stock Performance
Shares of GCT opened at $35.35 on Friday. GigaCloud Technology Inc. has a 1 year low of $4.93 and a 1 year high of $45.18. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 15.37 and a beta of 2.26. The firm has a fifty day moving average of $33.39 and a 200-day moving average of $22.10.
Institutional Investors Weigh In On GigaCloud Technology
Several institutional investors have recently bought and sold shares of GCT. CWM LLC acquired a new stake in GigaCloud Technology in the 4th quarter valued at about $30,000. Quarry LP acquired a new stake in GigaCloud Technology in the 4th quarter valued at about $47,000. PAX Financial Group LLC acquired a new stake in GigaCloud Technology in the 3rd quarter valued at about $141,000. Tucker Asset Management LLC lifted its holdings in GigaCloud Technology by 1,499.8% in the 4th quarter. Tucker Asset Management LLC now owns 7,999 shares of the company’s stock valued at $146,000 after acquiring an additional 7,499 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in GigaCloud Technology in the 3rd quarter valued at about $172,000. Institutional investors and hedge funds own 34.94% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm lifted their price objective on shares of GigaCloud Technology from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd.
Check Out Our Latest Research Report on GCT
About GigaCloud Technology
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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