GigaCloud Technology Inc. (NASDAQ:GCT - Get Free Report) CTO Xin Wan sold 68,437 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $20.43, for a total transaction of $1,398,167.91. Following the sale, the chief technology officer now owns 1,563 shares in the company, valued at approximately $31,932.09. This trade represents a 97.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Xin Wan also recently made the following trade(s):
- On Friday, December 6th, Xin Wan sold 80,000 shares of GigaCloud Technology stock. The stock was sold at an average price of $22.14, for a total transaction of $1,771,200.00.
GigaCloud Technology Price Performance
NASDAQ:GCT traded down $0.27 during trading hours on Tuesday, reaching $19.69. 931,566 shares of the company were exchanged, compared to its average volume of 2,160,301. The firm has a market cap of $806.74 million, a price-to-earnings ratio of 6.26 and a beta of 1.74. GigaCloud Technology Inc. has a 52-week low of $13.29 and a 52-week high of $45.18. The stock has a 50 day simple moving average of $23.82 and a 200 day simple moving average of $25.05.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new stake in shares of GigaCloud Technology in the 2nd quarter worth approximately $25,000. Townsquare Capital LLC lifted its stake in shares of GigaCloud Technology by 4.6% in the 3rd quarter. Townsquare Capital LLC now owns 19,440 shares of the company's stock worth $447,000 after acquiring an additional 862 shares during the period. MFA Wealth Advisors LLC acquired a new stake in shares of GigaCloud Technology in the 3rd quarter worth approximately $26,000. New York State Teachers Retirement System acquired a new stake in shares of GigaCloud Technology in the 3rd quarter worth approximately $49,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of GigaCloud Technology in the 2nd quarter worth approximately $66,000. 34.94% of the stock is owned by institutional investors and hedge funds.
About GigaCloud Technology
(
Get 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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