GigaCloud Technology Inc. (NASDAQ:GCT – Get Free Report) COO Xinyan Hao sold 38,064 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $27.77, for a total value of $1,057,037.28. Following the closing, the chief operating officer will now directly own 1,110,848 shares of the company's stock, valued at approximately $30,848,248.96. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed on the SEC's website.
Xinyan Hao also recently made the following transactions:
- Xinyan Hao sold 1,088 shares of GigaCloud Technology stock on Tuesday, March 19th. The stock was sold at an average price of $32.36, for a total transaction of $35,207.68.
Giga Cloud Technology stock price performance
Shares of GigaCloud Technology stock began trading at $26.72 on Friday. The stock's 50-day moving average is $30.43 and its 200-day moving average is $18.75. GigaCloud Technology Inc. has a 1-year low of $4.93 and a 1-year high of $45.18. The stock has a market capitalization of $1.09 billion, a P/E ratio of 11.62x, and a beta of 2.40x.
Inflow and outflow of institutions
Several institutional investors have recently changed their positions in the stock. Nomura Holdings, Inc. bought a new position in shares of GigaCloud Technology during the 4th quarter valued at approximately $991,000. Quadrature Capital Ltd purchased a new position in his GigaCloud Technology during the 4th quarter valued at approximately $2,803,000. Tucker Asset Management LLC increased his position in shares of 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 purchasing an additional 7,499 shares during the period. Quarry LP bought a new stake in shares of GigaCloud Technology in the 4th quarter worth his $47,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of his GigaCloud Technology during the 4th quarter valued at $731,000. Institutional investors own 34.94% of the company's stock.
Analyst upgrades and downgrades
Separately, Roth Mkm increased their target price on shares of GigaCloud Technology from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, December 7th.
Check out the latest stock report on GigaCloud Technologies.
Giga Cloud Technology Company Profile
(Get Free Report)
GigaCloud Technology Inc provides end-to-end B2B e-commerce solutions for large package items. Its marketplace connects primarily Asian manufacturers with resellers in the U.S., Asia, and Europe to execute cross-border transactions across furniture, home appliances, fitness equipment, and other large package categories.
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