Centiva Capital LP purchased a new stake in shares of GigaCloud Technology Inc. (NASDAQ:GCT - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 56,796 shares of the company's stock, valued at approximately $1,305,000. Centiva Capital LP owned approximately 0.14% of GigaCloud Technology as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Amalgamated Bank bought a new position in shares of GigaCloud Technology in the 2nd quarter valued at about $25,000. MFA Wealth Advisors LLC purchased a new position in shares of GigaCloud Technology in the 3rd quarter worth approximately $26,000. New York State Teachers Retirement System bought a new position in shares of GigaCloud Technology during the 3rd quarter valued at approximately $49,000. Benjamin F. Edwards & Company Inc. bought a new stake in GigaCloud Technology in the second quarter worth $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in GigaCloud Technology during the third quarter worth $51,000. 34.94% of the stock is owned by hedge funds and other institutional investors.
GigaCloud Technology Trading Down 4.2 %
Shares of GCT stock traded down $1.06 on Thursday, reaching $24.26. 806,791 shares of the company's stock were exchanged, compared to its average volume of 2,173,272. The company's fifty day simple moving average is $24.37 and its 200 day simple moving average is $25.64. GigaCloud Technology Inc. has a 52 week low of $12.66 and a 52 week high of $45.18. The stock has a market capitalization of $993.93 million, a PE ratio of 8.01 and a beta of 1.74.
Wall Street Analyst Weigh In
Separately, Aegis raised shares of GigaCloud Technology to a "strong-buy" rating in a research note on Wednesday, August 14th.
View Our Latest Report on GCT
GigaCloud Technology Company Profile
(
Free Report)
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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