Icebery Ltd sells GigaCloud (GCT) shares worth $412k

Icebery Ltd, a GigaCloud Technology Inc (NASDAQ:GCT) officer, sold 13,742 shares of Class A Ordinary Shares on September 29, 2025. The shares were sold at a weighted average price of $30.0204, with prices ranging from $30.00 to $30.08, totaling $412540. The transaction comes as GigaCloud, currently valued at $1.11 billion, trades at an attractive P/E ratio of 9.4x and has delivered an impressive 93% return over the past six months. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value metrics.

Following the transaction, Icebery Ltd. directly holds 793744 shares of GigaCloud Technology Inc. The sales were executed under a pre-arranged 10b5-1 trading plan. InvestingPro has identified 11 additional key investment tips for GigaCloud, including insights about management’s share buyback activity and the company’s debt management. Access the full analysis in the comprehensive Pro Research Report, available exclusively to subscribers.

Xinyan Hao, Chief Operating Officer of GigaCloud Technology Inc, is the sole shareholder and director of Icebery Ltd and may be deemed the indirect beneficiary of these shares.

In other recent news, GigaCloud Technology Inc. reported impressive financial results for the second quarter of 2025, with earnings per share reaching $1.14, far exceeding the projected $0.51. The company’s revenue also surpassed expectations, reaching $323 million compared to the anticipated $303.21 million. Additionally, GigaCloud Technology has authorized a new share repurchase program of up to $111 million, set to begin in August 2025, replacing a previous buyback initiative. The company has already returned nearly $71 million to shareholders since its initial public offering in 2022.

In a recent development, GigaCloud Technology announced the appointment of Kerry Lebensburger to its Board of Directors, effective August 2025. Lebensburger, who previously served as President of Ashley Furniture, brings extensive leadership experience to the company. He succeeds Lorri Kelley, who is retiring after two years of service. These recent developments highlight significant changes and achievements for GigaCloud Technology.

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