GigaCloud Technology Inc. (NASDAQ:GCT) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. grew its holdings in shares of GigaCloud Technology Inc. (NASDAQ:GCT) by 133.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,218 shares of the company’s stock after purchasing an additional 14,396 shares during the period. Great Valley Advisor Group Inc. owned 0.06% of GigaCloud Technology worth $580,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tidal Investments LLC acquired a new position in GigaCloud Technology during the 1st quarter valued at about $1,731,000. Csenge Advisory Group increased its holdings in shares of GigaCloud Technology by 20.0% during the second quarter. Csenge Advisory Group now owns 21,372 shares of the company’s stock valued at $650,000 after purchasing an additional 3,569 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of GigaCloud Technology during the second quarter valued at about $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 worth $1,289,000 after purchasing an additional 24,190 shares during the period. Finally, Aptus Capital Advisors LLC bought a new position in GigaCloud Technology in the 2nd quarter valued at about $2,663,000. 34.94% of the stock is currently owned by institutional investors.

GigaCloud Technology Stock Performance

GCT opened at $24.73 on Wednesday. The company has a market capitalization of $1.01 billion, a PE ratio of 7.83 and a beta of 1.78. The stock’s fifty day moving average is $23.66 and its 200-day moving average is $26.06. GigaCloud Technology Inc. has a one year low of $8.70 and a one year high of $45.18.

Wall Street Analyst Weigh In

Separately, Aegis upgraded shares of GigaCloud Technology to a “strong-buy” rating in a research report on Wednesday, August 14th.

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.