GigaCloud Technology Inc President Sells 9000 Shares at $29.94 on August 21, 2025.

GigaCloud Technology Inc. (GCT) has announced that President Schrock Iman Aj has executed a transaction involving the sale of 9,000 shares at a price of $29.94 per share on August 21, 2025.

GigaCloud Technology Inc. (GCT) has announced a significant share repurchase program, authorizing up to $111 million for the repurchase of its Class A ordinary shares over the next three years, effective August 17, 2025. This move follows the termination of a previous buyback initiative and reflects the company's strong financial health and execution strategy [1].

The new program, which was authorized by the company's Board of Directors, aims to enhance shareholder value and reduce stock price volatility. The program may be executed through various means, including open market transactions, privately negotiated transactions, and block trades, in compliance with Securities Exchange Act regulations [1].

GigaCloud Technology's Chief Financial Officer, Erica Wei, highlighted the company's strong balance sheet, characterized by zero debt and consistent positive operating cashflows. Key financial metrics, such as a healthy current ratio of 2.11 and a P/E ratio of 8.72, support this buyback strategy [1].

In addition to the share repurchase program, GigaCloud Technology has recently reported impressive financial results for the second quarter of 2025, outperforming earnings and revenue expectations. The company's earnings per share were $1.14, significantly higher than the anticipated $0.51, representing a 123.53% surprise. Revenue reached $323 million, surpassing the forecasted $303.21 million by 6.39% [1].

The company also announced the appointment of Kerry Lebensburger to its Board of Directors, effective August 17, 2025. Lebensburger, with nearly three decades of executive experience from Ashley Furniture, replaces Lorri Kelley, who is retiring. These strategic changes indicate a focus on long-term growth and strong financial health [1].

In recent insider trading activity, GigaCloud Technology's Head of BaaS Program, Marshall Bernes, sold 20,000 shares for an estimated $629,699 in the past six months. No purchases were reported during this period [2].

Institutional investors have shown interest in GCT, with 69 adding shares to their portfolios and 114 decreasing their positions in the most recent quarter. Notable additions include FMR LLC and PORTOLAN CAPITAL MANAGEMENT, LLC, while HARVEST FUND MANAGEMENT CO., LTD and CAPITAL FUND MANAGEMENT S.A. decreased their holdings [2].

Analysts have issued mixed ratings for GCT, with Lake Street issuing a "Buy" rating and no firms issuing sell ratings. Price targets range from $15.0 to $33.0, with a median target of $24.0 [2].

In other recent news, President Schrock Iman Aj sold 9,000 shares at a price of $29.94 per share on August 21, 2025 [3].

References:
[1] https://www.investing.com/news/company-news/gigacloud-technology-authorizes-111-million-share-repurchase-program-93CH-4197113
[2] https://www.quiverquant.com/news/GigaCloud+Technology+Inc.+Stock+%28GCT%29+Opinions+on+%24111+Million+Share+Repurchase+Program
[3] https://www.marketscreener.com/news/gigacloud-technology-inc-announces-new-111-million-share-repurchase-program-ce7c51dfd18af526