Insider Selling: Gorilla Technology Group (NASDAQ:GRRR) Director Sells 5,186 Shares of Stock

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

Gorilla Technology Group Price Performance

Shares of GRRR stock traded up $0.08 during mid-day trading on Thursday, reaching $12.52. The company’s stock had a trading volume of 283,557 shares, compared to its average volume of 717,295. Gorilla Technology Group Inc. has a 1-year low of $9.04 and a 1-year high of $27.90. The company has a market cap of $252.20 million, a P/E ratio of 46.38 and a beta of -0.14. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.33. The firm’s 50-day moving average is $11.38 and its two-hundred day moving average is $13.43.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GRRR shares. Zacks Research upgraded shares of Gorilla Technology Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Northland Securities set a $40.00 target price 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.50.

Institutional Investors Weigh In On Gorilla Technology Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Gorilla Technology Group by 60.0% in the 2nd quarter. Bank of America Corp DE now owns 1,920 shares of the company’s stock valued at $38,000 after acquiring an additional 720 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Gorilla Technology Group in the 1st quarter valued at about $61,000. FNY Investment Advisers LLC acquired a new stake in Gorilla Technology Group in the 3rd quarter valued at about $50,000. Sunbelt Securities Inc. bought a new position in shares of Gorilla Technology Group in the 3rd quarter valued at about $90,000. Finally, Vident Advisory LLC bought a new position in shares of Gorilla Technology Group in the 4th quarter valued at about $110,000. 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.