Gorilla Technology Group Inc. (NASDAQ:GRRR – Get Free Report) shares were up 11.6% during trading on Friday . The company traded as high as $19.47 and last traded at $19.8060. Approximately 1,500,139 shares traded hands during mid-day trading, an increase of 87% from the average daily volume of 803,513 shares. The stock had previously closed at $17.74.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Zacks Research raised Gorilla Technology Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. Northland Securities set a $40.00 price target on shares of Gorilla Technology Group in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Gorilla Technology Group has an average rating of “Hold” and an average price target of $35.50.
Read Our Latest Research Report on GRRR
Gorilla Technology Group Trading Up 16.8%
Insider Buying and Selling at Gorilla Technology Group
In related news, Director Evan S. Medeiros sold 12,604 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $12.16, for a total value of $153,264.64. Following the completion of the sale, the director owned 20,936 shares of the company’s stock, valued at approximately $254,581.76. The trade was a 37.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 30.51% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. UBS Group AG lifted its position in shares of Gorilla Technology Group by 191.6% in the fourth quarter. UBS Group AG now owns 600,310 shares of the company’s stock worth $6,555,000 after buying an additional 394,443 shares during the last quarter. Royal Bank of Canada grew its stake in Gorilla Technology Group by 58.1% in the 1st quarter. Royal Bank of Canada now owns 276,244 shares of the company’s stock valued at $2,909,000 after buying an additional 101,551 shares during the last quarter. Themes Management Co LLC bought a new position in Gorilla Technology Group in the 4th quarter worth $1,034,000. Capital Fund Management S.A. acquired a new position in Gorilla Technology Group during the 3rd quarter worth $1,500,000. Finally, Osaic Holdings Inc. lifted its position in Gorilla Technology Group by 54.9% during the 4th quarter. Osaic Holdings Inc. now owns 157,673 shares of the company’s stock worth $1,722,000 after acquiring an additional 55,875 shares during the last quarter. Institutional investors and hedge funds own 1.33% of the company’s stock.
Gorilla Technology Group Company Profile
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.
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