Main Management ETF Advisors LLC bought a new position in shares of GigaCloud Technology Inc. (NASDAQ:GCT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 31,816 shares of the company's stock, valued at approximately $731,000. Main Management ETF Advisors LLC owned 0.08% of GigaCloud Technology at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Great Valley Advisor Group Inc. acquired a new stake in GigaCloud Technology in the second quarter valued at approximately $329,000. Bank of New York Mellon Corp acquired a new stake in GigaCloud Technology in the second quarter valued at $2,000,000. Commonwealth Equity Services LLC lifted its holdings in GigaCloud Technology by 133.1% in the second quarter. Commonwealth Equity Services LLC now owns 42,370 shares of the company's stock valued at $1,289,000 after acquiring an additional 24,190 shares during the period. Aptus Capital Advisors LLC acquired a new position in shares of GigaCloud Technology during the 2nd quarter worth $2,663,000. Finally, Rhumbline Advisers acquired a new position in GigaCloud Technology in the 2nd quarter valued at about $930,000. Institutional investors and hedge funds own 34.94% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Aegis upgraded GigaCloud Technology to a "strong-buy" rating in a report on Wednesday, August 14th.
Read Our Latest Stock Report on GCT
GigaCloud Technology Stock Performance
Shares of NASDAQ:GCT traded down $2.06 during trading on Friday, reaching $22.20. 4,573,451 shares of the stock were exchanged, compared to its average volume of 1,521,246. The firm has a market cap of $909.53 million, a price-to-earnings ratio of 7.03 and a beta of 1.74. GigaCloud Technology Inc. has a 12-month low of $12.66 and a 12-month high of $45.18. The firm's 50-day moving average price is $24.39 and its 200 day moving average price is $25.49.
About GigaCloud Technology
(
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.
Further Reading
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