GigaCloud Technology Inc. (NASDAQ:GCT – Get Free Report) CEO Lei Wu sold 44,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $34.61, for a total transaction of $1,522,840.00. Following the completion of the transaction, the chief executive officer now owns 1,105,816 shares of the company’s stock, valued at $38,272,291.76. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Lei Wu also recently made the following trade(s):
- 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 transaction 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 stock was 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 stock was 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 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 shares were sold at an average price of $27.64, for a total transaction of $165.84.
GigaCloud Technology Stock Up 5.3 %
Shares of GCT opened at $36.81 on Friday. The stock has a market cap of $1.50 billion, a PE ratio of 16.00 and a beta of 2.26. GigaCloud Technology Inc. has a 12-month low of $4.93 and a 12-month high of $45.18. The business has a 50-day simple moving average of $32.76 and a two-hundred day simple moving average of $20.86.
Analysts Set New Price Targets
Separately, Roth Mkm raised their target price on shares of GigaCloud Technology from $28.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd.
Check Out Our Latest Report on GigaCloud Technology
Hedge Funds Weigh In On GigaCloud Technology
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC acquired a new position in shares of GigaCloud Technology during the fourth quarter worth $30,000. Quarry LP bought a new position in GigaCloud Technology during the 4th quarter worth $47,000. State of Wyoming acquired a new position in GigaCloud Technology during the 2nd quarter worth about $27,000. Morgan Stanley acquired a new position in GigaCloud Technology during the 4th quarter worth about $25,000. Finally, Royal Bank of Canada bought a new stake in shares of GigaCloud Technology in the 4th quarter valued at about $108,000. 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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