Gorilla Technology Group (NASDAQ:GRRR) Director Evan Medeiros Sells 5,186 Shares

Gorilla Technology Group Inc. (NASDAQ:GRRR) Director Evan Medeiros sold 5,186 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $12.00, for a total value of $62,232.00. Following the completion of the transaction, the director directly owned 33,540 shares of the company’s stock, valued at approximately $402,480. This trade represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gorilla Technology Group Stock Up 0.6%

Shares of NASDAQ:GRRR opened at $12.52 on Friday. The company has a quick ratio of 3.64, a current ratio of 3.33 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $252.15 million, a P/E ratio of 46.37 and a beta of -0.14. Gorilla Technology Group Inc. has a 52-week low of $9.04 and a 52-week high of $27.90. The stock’s fifty day simple moving average is $11.42 and its 200-day simple moving average is $13.42.

Institutional Investors Weigh In On Gorilla Technology Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GRRR. NewEdge Advisors LLC acquired a new position in Gorilla Technology Group in the first quarter valued at $61,000. Goldman Sachs Group Inc. purchased a new stake in Gorilla Technology Group in the 1st quarter valued at about $477,000. Geode Capital Management LLC acquired a new position in shares of Gorilla Technology Group during the 2nd quarter valued at about $251,000. Cetera Investment Advisers lifted its holdings in shares of Gorilla Technology Group by 28.4% during the 2nd quarter. Cetera Investment Advisers now owns 20,622 shares of the company’s stock worth $410,000 after acquiring an additional 4,557 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of Gorilla Technology Group by 21.8% during the 2nd quarter. Raymond James Financial Inc. now owns 17,698 shares of the company’s stock worth $352,000 after acquiring an additional 3,168 shares during the period. Hedge funds and other institutional investors own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on GRRR. Zacks Research raised shares of Gorilla Technology Group from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Northland Securities set a $40.00 price objective on shares of Gorilla Technology Group in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $35.50.

About Gorilla Technology Group

Gorilla Technology Group is a Taiwan‐based provider of video computing and artificial intelligence solutions, offering software and hardware platforms for real‐time video analytics, facial recognition and edge‐computing applications. The company’s core business centers on the development of AI‐driven surveillance technologies that can be deployed in cloud, on-premise or hybrid environments. Gorilla Technology Group’s platforms are designed to process high-volume video data streams for security monitoring, operational optimization and business intelligence.

The company’s flagship offerings include video management systems integrated with smart analytics modules, IoT gateways for edge-level data processing and AI engines for tasks such as people counting, license plate recognition and behavioral analysis.