SoFi shares rise as record revenue, member growth drive strong Q3 results
Despite GigaCloud Technology Inc (NASDAQ:GCT) showing remarkable strength with an 84% surge over the past six months, Director Lei Wu, along with entities Ji Xiang Hu Tong Holdings LTD and Shan Lao Hu Tong LLC, sold 100,000 shares on September 10, 2025. According to InvestingPro analysis, the company maintains a GREAT financial health score and trades at an attractive P/E ratio of 8.7x. The shares were sold at a price of $28.5174, totaling $2,851,740.
Following the transaction, the entities still own 60,000 Class A Ordinary Shares. They also hold 8,076,732 Class B Ordinary Shares, convertible to Class A Ordinary Shares.
In other recent news, GigaCloud Technology Inc. reported impressive financial results for the second quarter of 2025, with earnings and revenue significantly surpassing expectations. The company’s earnings per share were reported at $1.14, more than double the anticipated $0.51, while revenue reached $323 million, exceeding the forecasted $303.21 million. Additionally, GigaCloud Technology’s Board of Directors has authorized a new share repurchase program of up to $111 million, effective August 17, 2025, replacing a previous buyback initiative. This move underscores the company’s commitment to returning value to shareholders, having already returned nearly $71 million since its initial public offering in 2022.
Furthermore, GigaCloud Technology announced the appointment of Kerry Lebensburger to its Board of Directors, effective August 17, 2025. Lebensburger, who previously served as President of Ashley Furniture, brings nearly three decades of executive leadership experience to the company. He succeeds Lorri Kelley, who is retiring after two years of service. These developments reflect GigaCloud Technology’s strategic initiatives aimed at strengthening its leadership team and enhancing shareholder value.
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