GigaCloud Technology (NASDAQ:GCT) Releases Earnings Results, Misses Expectations By $0.14 EPS

GigaCloud Technology (NASDAQ:GCT) posted its quarterly earnings results on Monday. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.14), Zacks reports. The business had revenue of $295.78 million for the quarter, compared to the consensus estimate of $290.00 million. GigaCloud Technology had a return on equity of 40.32% and a net margin of 11.75%. During the same period last year, the firm earned $0.87 earnings per share. GigaCloud Technology updated its Q1 2025 guidance to EPS.

GigaCloud Technology Stock Performance

Shares of NASDAQ:GCT opened at $15.53 on Wednesday. GigaCloud Technology has a 52 week low of $13.60 and a 52 week high of $45.18. The company has a market capitalization of $636.30 million, a PE ratio of 4.91 and a beta of 1.94. The company has a 50 day moving average price of $19.47 and a two-hundred day moving average price of $21.27.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GCT shares. Roth Mkm downgraded shares of GigaCloud Technology from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $32.00 to $15.00 in a research note on Tuesday. Lake Street Capital dropped their price target on shares of GigaCloud Technology from $50.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Roth Capital downgraded shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, GigaCloud Technology currently has an average rating of “Moderate Buy” and a consensus target price of $36.67.

Insider Buying and Selling at GigaCloud Technology

In other GigaCloud Technology news, CTO Xin Wan sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $22.14, for a total value of $1,771,200.00. Following the completion of the sale, the chief technology officer now owns 867,540 shares of the company’s stock, valued at approximately $19,207,335.60. This represents a 8.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marshall Bernes purchased 5,000 shares of GigaCloud Technology stock in a transaction dated Friday, December 27th. The stock was bought at an average price of $17.50 per share, with a total value of $87,500.00. Following the acquisition, the insider now directly owns 45,000 shares of the company’s stock, valued at approximately $787,500. This trade represents a 12.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 2,811,979 shares of company stock valued at $61,233,745. Corporate insiders own 43.00% 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.