Sassicaia Capital Advisers LLC Buys New Holdings in Gorilla Technology Group Inc. $GRRR

Key Points

• Sassicaia Capital Advisers LLC has acquired a new position in Gorilla Technology Group Inc., purchasing 24,000 shares valued at approximately $710,000, making it the 11th largest position in their portfolio.
• Gorilla Technology Group's stock has experienced significant interest from institutional investors, with Dramatic increases in stakes from firms like Anson Funds Management, which raised its holdings by over 3,360%.
• Analyst ratings for Gorilla Technology Group have shifted, with Zacks Research lowering their rating from "strong-buy" to "hold," while the stock currently has a moderate buy average rating and a price target of $18.00.

Sassicaia Capital Advisers LLC acquired a new position in Gorilla Technology Group Inc. (NASDAQ:GRRR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,000 shares of the company's stock, valued at approximately $710,000. Gorilla Technology Group comprises about 2.6% of Sassicaia Capital Advisers LLC's investment portfolio, making the stock its 11th largest position. Sassicaia Capital Advisers LLC owned about 0.13% of Gorilla Technology Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ purchased a new position in Gorilla Technology Group in the first quarter worth $318,000. Caitong International Asset Management Co. Ltd purchased a new position in Gorilla Technology Group in the first quarter worth $341,000. Creative Financial Designs Inc. ADV boosted its position in Gorilla Technology Group by 69.2% in the first quarter. Creative Financial Designs Inc. ADV now owns 12,690 shares of the company's stock worth $376,000 after purchasing an additional 5,190 shares during the last quarter. Cetera Investment Advisers purchased a new position in Gorilla Technology Group in the fourth quarter worth $258,000. Finally, Stifel Financial Corp purchased a new position in Gorilla Technology Group in the fourth quarter worth $412,000. Hedge funds and other institutional investors own 1.33% of the company's stock.

Gorilla Technology Group Stock Down 1.6%

Shares of NASDAQ:GRRR traded down $0.27 during midday trading on Thursday, reaching $16.63. 273,079 shares of the company traded hands, compared to its average volume of 2,699,544. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.48 and a current ratio of 2.16. Gorilla Technology Group Inc. has a 12 month low of $3.01 and a 12 month high of $44.15. The firm's fifty day moving average price is $18.36 and its two-hundred day moving average price is $20.52.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.33). The company had revenue of $21.50 million during the quarter, compared to the consensus estimate of $21.50 million. Analysts predict that Gorilla Technology Group Inc. will post 0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research cut Gorilla Technology Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Gorilla Technology Group has an average rating of "Moderate Buy" and a consensus target price of $18.00.

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.