Two National Guard members shot near White House
ICEBERY LTD, an officer of GigaCloud Technology Inc (NASDAQ:GCT), has sold 89,219 shares of Class A Ordinary Shares for a total of $2.75 million, according to a Form 4 filing with the Securities and Exchange Commission. The sales occurred between November 17 and November 19, at prices ranging from $30.3199 to $31.5077. The stock, currently trading at $31.98 with a market cap of $1.17 billion, is considered undervalued according to InvestingPro analysis, despite its 72% surge over the past six months.
The shares were sold pursuant to a pre-arranged 10b5-1 trading plan. On November 17, 30,000 shares were sold at a weighted average price of $30.3199. On November 18, 25,307 shares were sold at a weighted average price of $30.54, and an additional 4,693 shares were sold at a weighted average price of $31.18. On November 19, 29,319 shares were sold at a weighted average price of $31.5077.
Following these transactions, ICEBERY LTD directly holds 507,486 shares of GigaCloud Technology Inc. Xinyan Hao is the sole shareholder and sole director of ICEBERY LIMITED and may be deemed to be an indirect beneficial owner of the securities held by ICEBERY LIMITED. GigaCloud maintains a P/E ratio of 10.02 and boasts a "GREAT" financial health score of 3.62 on InvestingPro, which highlights 12 additional ProTips about the company. Investors can access GCT’s comprehensive Pro Research Report, available among 1,400+ top stocks analyzed through intuitive visuals and expert insights.
In other recent news, GigaCloud Technology reported its third-quarter 2025 earnings, delivering results that surpassed market expectations. The company achieved an earnings per share of $0.99, well above the anticipated $0.72. Additionally, GigaCloud Technology’s revenue reached $333 million, exceeding the forecasted $299.83 million. Despite these strong financial results, the company’s stock saw a decline during regular trading hours. However, it experienced a slight recovery in after-hours trading. These developments highlight the company’s robust financial performance amidst market fluctuations. Investors and analysts will likely pay close attention to these figures as they assess the company’s future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.