Clear Street Group Inc. Makes New $3.43 Million Investment in GigInternational1, Inc. $GIW

Clear Street Group Inc. bought a new position in GigInternational1, Inc. (NASDAQ:GIW) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 346,892 shares of the company’s stock, valued at approximately $3,431,000. Clear Street Group Inc. owned about 1.28% of GigInternational1 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Quarry LP bought a new position in GigInternational1 in the 4th quarter worth about $47,000. Geode Capital Management LLC purchased a new position in shares of GigInternational1 in the 4th quarter worth about $193,000. ABC Arbitrage SA purchased a new position in shares of GigInternational1 in the 4th quarter worth about $396,000. Gritstone Asset Management LLC purchased a new position in shares of GigInternational1 in the 4th quarter worth about $494,000. Finally, DLD Asset Management LP purchased a new position in shares of GigInternational1 in the 4th quarter worth about $1,319,000. 14.01% of the stock is currently owned by institutional investors.

GigInternational1 Trading Up 0.1%

GIW opened at $10.06 on Friday. The stock has a 50-day moving average price of $10.03 and a 200-day moving average price of $9.97. GigInternational1, Inc. has a 12-month low of $9.87 and a 12-month high of $10.09.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded GigInternational1 from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

GigInternational1 Company Profile

GigInternational1, Inc, does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus its search on companies in the technology, media, telecommunications, aerospace and defense, and mobility and semiconductor industries. The company was incorporated in 2021 and is based in Palo Alto, California.