GigaCloud Technology Inc. (NASDAQ:GCT – Get Free Report) CEO Lei Wu sold 44,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $40.21, for a total transaction of $1,769,240.00. Following the completion of the transaction, the chief executive officer now directly owns 533,816 shares of the company’s stock, valued at approximately $21,464,741.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Lei Wu also recently made the following trade(s):
- On Thursday, May 2nd, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $33.86, for a total value of $1,489,840.00.
- On Tuesday, April 30th, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The shares were sold at an average price of $31.87, for a total value of $1,402,280.00.
- On Friday, April 26th, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $35.89, for a total value of $1,579,160.00.
- On Wednesday, April 24th, Lei Wu sold 44,000 shares of GigaCloud Technology stock. The stock was 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 shares were 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 shares were 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 value 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 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.
GigaCloud Technology Trading Down 2.5 %
Shares of GigaCloud Technology stock traded down $1.02 during trading hours on Tuesday, reaching $40.09. The stock had a trading volume of 2,766,372 shares, compared to its average volume of 3,064,375. GigaCloud Technology Inc. has a twelve month low of $5.00 and a twelve month high of $45.18. The firm has a market capitalization of $1.64 billion, a PE ratio of 17.43 and a beta of 1.99. The stock’s 50 day moving average is $33.94 and its 200 day moving average is $23.61.
Wall Street Analyst Weigh In
Separately, Roth Mkm raised their price objective on shares of GigaCloud Technology from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd.
Get Our Latest Analysis on GCT
Institutional Investors Weigh In On GigaCloud Technology
Several institutional investors have recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in GigaCloud Technology by 8.1% during the 1st quarter. Empowered Funds LLC now owns 163,510 shares of the company’s stock worth $4,369,000 after purchasing an additional 12,278 shares during the last quarter. Csenge Advisory Group acquired a new position in GigaCloud Technology during the first quarter worth about $476,000. Janney Montgomery Scott LLC purchased a new stake in GigaCloud Technology during the 1st quarter valued at about $599,000. Nations Financial Group Inc. IA ADV acquired a new stake in GigaCloud Technology in the 1st quarter valued at about $1,201,000. Finally, SeaCrest Wealth Management LLC purchased a new position in GigaCloud Technology in the 1st quarter worth approximately $391,000. 34.94% of the stock is currently 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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