Centiva Capital LP Purchases Shares of 23,459 Gorilla Technology Group Inc. (NASDAQ:GRRR)

Centiva Capital LP acquired a new stake in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,459 shares of the company's stock, valued at approximately $424,000. Centiva Capital LP owned about 0.13% of Gorilla Technology Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Anson Funds Management LP grew its stake in Gorilla Technology Group by 3,360.4% during the 4th quarter. Anson Funds Management LP now owns 600,000 shares of the company's stock valued at $10,836,000 after acquiring an additional 582,661 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Gorilla Technology Group during the fourth quarter worth $1,389,000. BNP Paribas Financial Markets purchased a new position in Gorilla Technology Group in the fourth quarter valued at $737,000. XTX Topco Ltd purchased a new stake in Gorilla Technology Group during the 4th quarter worth about $426,000. Finally, Stifel Financial Corp purchased a new stake in Gorilla Technology Group during the 4th quarter worth about $412,000. 1.33% of the stock is currently owned by institutional investors and hedge funds.

Gorilla Technology Group Stock Up 6.3%

GRRR traded up $1.04 during trading on Friday, reaching $17.61. The company's stock had a trading volume of 1,274,990 shares, compared to its average volume of 1,799,893. Gorilla Technology Group Inc. has a 52-week low of $2.09 and a 52-week high of $44.15. The company's fifty day moving average price is $20.73 and its 200-day moving average price is $16.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.72 and a quick ratio of 1.72.

Analyst Upgrades and Downgrades

Separately, Northland Securities lifted their target price on Gorilla Technology Group from $13.00 to $18.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd.

About Gorilla Technology Group

Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.