GigaCloud Technology Inc. (NASDAQ:GCT – Get Free Report) CEO Lei Wu sold 14,177 shares of GigaCloud Technology stock in a transaction on Friday, April 19th. The stock was sold at an average price of $36.10, for a total value of $511,789.70. Following the sale, the chief executive officer now directly owns 1,047,639 shares of the company’s stock, valued at approximately $37,819,767.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
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 value of $1,583,120.00.
- 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 value 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 value 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 value 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 value 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 value 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 value of $727,800.00.
- On Monday, April 1st, Lei Wu sold 1,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $29.53, for a total value of $29,530.00.
- On Tuesday, March 26th, Lei Wu sold 6 shares of GigaCloud Technology stock. The shares were sold at an average price of $27.64, for a total value of $165.84.
GigaCloud Technology Stock Down 2.9 %
GigaCloud Technology stock opened at $35.91 on Thursday. GigaCloud Technology Inc. has a 12-month low of $4.93 and a 12-month high of $45.18. The business’s 50-day moving average price is $33.30 and its two-hundred day moving average price is $21.82. The stock has a market cap of $1.46 billion, a PE ratio of 15.61 and a beta of 2.26.
Analysts Set New Price Targets
Separately, Roth Mkm boosted their price target on GigaCloud Technology from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd.
Get Our Latest Research Report on GigaCloud Technology
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. PAX Financial Group LLC bought a new position in GigaCloud Technology in the third quarter valued at about $141,000. Acadian Asset Management LLC bought a new position in GigaCloud Technology in the third quarter valued at about $9,634,000. Ritholtz Wealth Management bought a new position in GigaCloud Technology in the fourth quarter valued at about $295,000. WINTON GROUP Ltd bought a new stake in shares of GigaCloud Technology during the third quarter worth about $258,000. Finally, New York State Common Retirement Fund bought a new stake in shares of GigaCloud Technology during the third quarter worth about $1,895,000. Institutional investors own 34.94% of the company’s stock.
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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