GigaCloud Know-how Inc. (NASDAQ:GCT) Director Frank Hurst Lin Sells 87,045 Shares of Inventory


GigaCloud Know-how Inc. (NASDAQ:GCT – Get Free Report) Director Frank Hurst Lin bought 87,045 shares of GigaCloud Know-how inventory in a transaction on Thursday, June thirteenth. The shares have been bought at a mean worth of $32.23, for a complete transaction of $2,805,460.35. Following the transaction, the director now owns 4,891,063 shares within the firm, valued at roughly $157,638,960.49. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by means of this hyperlink.

Frank Hurst Lin additionally lately made the next commerce(s):

  • On Tuesday, June eleventh, Frank Hurst Lin bought 175,178 shares of GigaCloud Know-how inventory. The shares have been bought at a mean worth of $33.16, for a complete transaction of $5,808,902.48.
  • On Thursday, Might sixteenth, Frank Hurst Lin bought 40,134 shares of GigaCloud Know-how inventory. The shares have been bought at a mean worth of $36.21, for a complete transaction of $1,453,252.14.
  • On Tuesday, Might 14th, Frank Hurst Lin bought 92,886 shares of GigaCloud Know-how inventory. The shares have been bought at a mean worth of $36.78, for a complete transaction of $3,416,347.08.
  • On Thursday, March twenty eighth, Frank Hurst Lin bought 94,413 shares of GigaCloud Know-how inventory. The inventory was bought at a mean worth of $27.38, for a complete transaction of $2,585,027.94.
  • On Tuesday, March nineteenth, Frank Hurst Lin bought 133,097 shares of GigaCloud Know-how inventory. The inventory was bought at a mean worth of $30.38, for a complete transaction of $4,043,486.86.

GigaCloud Know-how Inventory Down 3.6 %

GigaCloud Know-how inventory opened at $30.06 on Tuesday. The corporate’s 50-day shifting common worth is $33.86 and its 200-day shifting common worth is $28.42. GigaCloud Know-how Inc. has a twelve month low of $6.70 and a twelve month excessive of $45.18. The corporate has a market cap of $1.23 billion, a PE ratio of 11.70 and a beta of 1.88.

GigaCloud Know-how (NASDAQ:GCT – Get Free Report) final posted its earnings outcomes on Thursday, Might ninth. The corporate reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.33. GigaCloud Know-how had a internet margin of 12.74% and a return on fairness of 41.24%. The agency had income of $251.08 million for the quarter, in comparison with the consensus estimate of $235.00 million. Throughout the identical interval within the earlier 12 months, the agency posted $0.39 EPS. As a bunch, sell-side analysts anticipate that GigaCloud Know-how Inc. will put up 3.25 earnings per share for the present fiscal 12 months.

Analyst Upgrades and Downgrades

A number of analysts have commented on the inventory. Maxim Group assumed protection on shares of GigaCloud Know-how in a analysis word on Wednesday, Might twenty second. They issued a “purchase” score and a $69.00 worth goal on the inventory. Roth Mkm boosted their worth goal on shares of GigaCloud Know-how from $28.00 to $35.00 and gave the inventory a “purchase” score in a analysis word on Tuesday, April 2nd.

Learn Our Newest Evaluation on GCT

Hedge Funds Weigh In On GigaCloud Know-how

A number of hedge funds have lately added to or lowered their stakes within the firm. Acadian Asset Administration LLC purchased a brand new place in GigaCloud Know-how in the course of the third quarter valued at about $9,634,000. Empowered Funds LLC grew its holdings in GigaCloud Know-how by 8.1% in the course of the 1st quarter. Empowered Funds LLC now owns 163,510 shares of the corporate’s inventory valued at $4,369,000 after buying a further 12,278 shares over the last quarter. Quadrature Capital Ltd purchased a brand new place in GigaCloud Know-how in the course of the 4th quarter valued at about $2,803,000. Pacific Ridge Capital Companions LLC grew its holdings in GigaCloud Know-how by 27.1% in the course of the 4th quarter. Pacific Ridge Capital Companions LLC now owns 84,617 shares of the corporate’s inventory valued at $1,548,000 after buying a further 18,049 shares over the last quarter. Lastly, Tidal Investments LLC bought a brand new stake in GigaCloud Know-how within the 1st quarter valued at about $1,731,000. 34.94% of the inventory is at the moment owned by institutional traders.

About GigaCloud Know-how

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GigaCloud Know-how Inc supplies end-to-end B2B ecommerce options for giant parcel merchandise in the USA and internationally. The corporate provides GigaCloud Market integrates product discovery to funds to logistics instruments into one easy-to-use platform. Its market connects producers primarily in Asia with resellers in the USA, Asia, and Europe to execute cross-border transactions throughout furnishings, residence equipment, health gear, and different giant parcel classes.

Additional Studying

Insider Buying and Selling by Quarter for GigaCloud Technology (NASDAQ:GCT)



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